Sachem Capital Corp. Files 8-K: Accountant Change & Financials
Ticker: SCCG · Form: 8-K · Filed: Nov 20, 2024 · CIK: 1682220
| Field | Detail |
|---|---|
| Company | Sachem Capital Corp. (SCCG) |
| Form Type | 8-K |
| Filed Date | Nov 20, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $25.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, financial-reporting, accountant-change
TL;DR
Sachem Capital Corp. filed an 8-K on Nov 18, 2024, for accountant changes and financial statements.
AI Summary
Sachem Capital Corp. filed an 8-K on November 20, 2024, reporting changes in its certifying accountant and financial statements as of November 18, 2024. The company, incorporated in New York, is based in Branford, CT, and operates in the Real Estate Investment Trusts sector.
Why It Matters
This filing indicates potential shifts in the company's financial reporting and auditing processes, which could impact investor confidence and regulatory compliance.
Risk Assessment
Risk Level: low — The filing is a standard procedural update and does not contain information suggesting immediate financial distress or significant operational changes.
Key Players & Entities
- Sachem Capital Corp. (company) — Filer
- November 18, 2024 (date) — Earliest event reported date
- November 20, 2024 (date) — Filing date
- Branford, CT (location) — Company business address
FAQ
What specific item information is being reported in this 8-K filing?
This 8-K filing reports on 'Changes in Registrant's Certifying Accountant' and 'Financial Statements and Exhibits'.
What is the date of the earliest event reported in this filing?
The date of the earliest event reported is November 18, 2024.
What is the SEC file number for Sachem Capital Corp.'s 8-K filing?
The SEC file number is 001-37997.
What is Sachem Capital Corp.'s Standard Industrial Classification (SIC) code?
Sachem Capital Corp.'s SIC code is 6798, which corresponds to Real Estate Investment Trusts.
Where is Sachem Capital Corp. located?
Sachem Capital Corp.'s business and mailing address is 568 East Main Street, Branford, CT 06405.
Filing Stats: 899 words · 4 min read · ~3 pages · Grade level 11.8 · Accepted 2024-11-20 08:00:41
Key Financial Figures
- $25.00 — Preferred Stock, Liquidation Preference $25.00 per share SACHPRA NYSE American LLC
Filing Documents
- tm2428913d1_8k.htm (8-K) — 47KB
- tm2428913d1_ex16-1.htm (EX-16.1) — 4KB
- tm2428913d1_ex16-1img001.jpg (GRAPHIC) — 15KB
- tm2428913d1_ex16-1img002.jpg (GRAPHIC) — 9KB
- tm2428913d1_ex16-1img003.jpg (GRAPHIC) — 34KB
- 0001104659-24-120868.txt ( ) — 379KB
- sach-20241118.xsd (EX-101.SCH) — 4KB
- sach-20241118_def.xml (EX-101.DEF) — 29KB
- sach-20241118_lab.xml (EX-101.LAB) — 39KB
- sach-20241118_pre.xml (EX-101.PRE) — 27KB
- tm2428913d1_8k_htm.xml (XML) — 11KB
01 Changes in Registrant's Certifying Accountant
Item 4.01 Changes in Registrant's Certifying Accountant Effective November 18, 2024, Sachem Capital Corp, (the " Company ") terminated its relationship with Hoberman & Lesser CPA's, LLP (" Hoberman ") from serving as the Company's independent registered public accounting firm and engaged Baker Tilly US, LLP (" Baker Tilly ") as its new independent registered public accounting firm. The Audit Committee of the Company's Board of Directors (the " Audit Committee ") directed the process of review of candidate firms to replace Hoberman and approved the decision to engage Baker Tilly. The reports of Hoberman on the financial statements of the Company for the years ended December 31, 2022 and 2023 contained no adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principle. In connection with Hoberman's audits of the years ended December 31, 2022 and 2023 and reviews of the Company's financial statements through November 14, 2024, there were no disagreements with Hoberman on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to Hoberman's satisfaction, would have caused them to make reference thereto in their report on the financial statements for such years. The Company has furnished to Hoberman the statements made in this Item 4.01. Attached as Exhibit 16.1 to this Current Report on Form 8-K is Hoberman's letter to the U.S. Securities and Exchange Commission, dated November 19, 2024 regarding these statements. During the two most recent fiscal years and through November 14, 2024, the Company has not consulted with Baker Tilly on any matter that (i) involved the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company's financial statements, in each case where a written report was provided or oral ad
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit No. Description 16.1 Letter, dated November 19, 2024, from Hoberman & Lesser CPA's, LLP to the U.S. Securities and Exchange Commission, regarding change in certifying accountant of the Company. 104 Cover Page Interactive Data File (embedded with the Inline XBRL document). * * * * *
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Sachem Capital Corp. Dated: November 19, 2024 By: /s/ John L. Villano John L. Villano, CPA President and Chief Executive Officer Exhibit Index Exhibit No. Description 16.1 Letter, dated November 19, 2024, from Hoberman & Lesser CPA's, LLP to the U.S. Securities and Exchange Commission, regarding change in certifying accountant of the Company. 104 Cover Page Interactive Data File (embedded with the Inline XBRL document).