Saga Communications Changes Auditors
Ticker: SGA · Form: 8-K · Filed: Aug 12, 2024 · CIK: 886136
| Field | Detail |
|---|---|
| Company | Saga Communications Inc (SGA) |
| Form Type | 8-K |
| Filed Date | Aug 12, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: auditor-change, accounting
Related Tickers: SGA
TL;DR
SAGA just swapped auditors from Rehmann LLC to BKD, LLP.
AI Summary
Saga Communications, Inc. filed an 8-K on August 12, 2024, to report changes in its certifying accountant. The company has dismissed its previous independent registered public accounting firm, Rehmann LLC, and has engaged BKD, LLP as its new auditor. This change was approved by the Audit Committee of the Board of Directors.
Why It Matters
A change in auditors can sometimes signal underlying issues with financial reporting or a desire for a fresh perspective on the company's financial health.
Risk Assessment
Risk Level: medium — Changes in auditors can sometimes precede or coincide with financial irregularities or a shift in accounting practices, warranting closer scrutiny.
Key Players & Entities
- SAGA COMMUNICATIONS, INC. (company) — Registrant
- Rehmann LLC (company) — Previous certifying accountant
- BKD, LLP (company) — New certifying accountant
- August 12, 2024 (date) — Date of report
FAQ
When was the decision made to change auditors?
The decision to dismiss Rehmann LLC and engage BKD, LLP was made on August 12, 2024.
What was the reason for dismissing Rehmann LLC?
The filing does not state a specific reason for the dismissal of Rehmann LLC, only that it was approved by the Audit Committee.
Who is Saga Communications' new auditor?
Saga Communications, Inc. has engaged BKD, LLP as its new independent registered public accounting firm.
Did Rehmann LLC report any disagreements with Saga Communications?
The filing states that there were no disagreements between Saga Communications and Rehmann LLC.
Which committee approved the change in auditors?
The Audit Committee of the Board of Directors of Saga Communications, Inc. approved the change in auditors.
Filing Stats: 894 words · 4 min read · ~3 pages · Grade level 13.2 · Accepted 2024-08-12 17:09:12
Key Financial Figures
- $0.01 — stered Class A Common Stock, par value $0.01 per share SGA NASDAQ Global Market
Filing Documents
- sga-20240812x8k.htm (8-K) — 41KB
- sga-20240812xex16d1.htm (EX-16.1) — 3KB
- 0001558370-24-011915.txt ( ) — 161KB
- sga-20240812.xsd (EX-101.SCH) — 3KB
- sga-20240812_lab.xml (EX-101.LAB) — 15KB
- sga-20240812_pre.xml (EX-101.PRE) — 10KB
- sga-20240812x8k_htm.xml (XML) — 5KB
01. Changes in Registrants' Certifying Accountant
Item 4.01. Changes in Registrants' Certifying Accountant. The Audit Committee of the Board of Directors (the "Audit Committee") of Saga Communications, Inc. (the "Company") recently completed a competitive process to select a new independent registered public accounting firm for the fiscal year ended December 31, 2024. On August 12, 2024, the Audit Committee appointed Crowe LLP ("Crowe") to serve as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024, subject to normal and customary client engagement procedures. Contemporaneously therewith, the Audit Committee dismissed UHY LLP ("UHY") as the Company's independent registered public accounting firm, effective immediately. The reports of UHY on the Company's consolidated financial statements as of and for the years ended December 31, 2023 and 2022 did not contain an adverse opinion or a disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principles. The audit reports of UHY on the effectiveness of internal control over financial reporting as of December 31, 2023 and 2022 did not contain an adverse opinion, nor were they qualified or modified. During the years ended December 31, 2023 and 2022, and the subsequent interim period from January 1, 2024 through August 12, 2024, there were no (a) disagreements within the meaning of Item 304(a)(1)(iv) of Regulation S-K with UHY on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to UHY's satisfaction, would have caused UHY to make reference to the subject matter thereof in connection with its reports for such years; or (b) "reportable events" within the meaning of Item 304(a)(1)(v) of Regulation S-K. The Company provided UHY with a copy of the disclosures that the Company is making in this Item 4.01 on this Current Report on Form 8-K and requested that UHY furnish a let
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. 16.1 Letter of UHY LLP dated August 12, 2024. 104 Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101) INDEX OF EXHIBITS Exhibit No. Description 16.1 Letter of UHY LLP, dated August 12, 2024. 104 Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)
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. ugust SAGA COMMUNICATIONS, INC. Dated: August 12, 2024 By: /s/ Samuel D. Bush Samuel D. Bush Senior Vice President and Chief Financial Officer