Tofutti Brands Appoints New Auditor Amidst Firm Resignation
Ticker: TOFB · Form: 8-K · Filed: May 30, 2024 · CIK: 730349
| Field | Detail |
|---|---|
| Company | Tofutti Brands INC (TOFB) |
| Form Type | 8-K |
| Filed Date | May 30, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: auditor-change, accounting
Related Tickers: TOFT
TL;DR
Tofutti Brands swapped auditors, with EisnerAmper LLP taking over from WithumSmith+Brown, PC.
AI Summary
Tofutti Brands Inc. announced on May 28, 2024, that it has appointed a new independent registered public accounting firm, EisnerAmper LLP, effective immediately. This change follows the resignation of the company's previous auditor, WithumSmith+Brown, PC, on May 24, 2024. The company stated that the decision to change auditors was not a result of any disagreements or reportable events.
Why It Matters
A change in auditors can sometimes signal underlying issues within a company's financial reporting or internal controls, potentially impacting investor confidence.
Risk Assessment
Risk Level: medium — Changes in auditors, especially when recent, can sometimes indicate underlying financial or accounting concerns that warrant closer scrutiny.
Key Players & Entities
- Tofutti Brands Inc. (company) — Registrant
- EisnerAmper LLP (company) — New independent registered public accounting firm
- WithumSmith+Brown, PC (company) — Resigned independent registered public accounting firm
- May 28, 2024 (date) — Effective date of new auditor appointment
- May 24, 2024 (date) — Date of previous auditor's resignation
FAQ
Who is the new independent registered public accounting firm for Tofutti Brands Inc.?
The new independent registered public accounting firm for Tofutti Brands Inc. is EisnerAmper LLP.
When was the appointment of the new auditor effective?
The appointment of EisnerAmper LLP was effective immediately as of May 28, 2024.
Which firm previously served as Tofutti Brands Inc.'s auditor?
WithumSmith+Brown, PC previously served as Tofutti Brands Inc.'s auditor.
When did the previous auditor resign?
The previous auditor, WithumSmith+Brown, PC, resigned on May 24, 2024.
Were there any disagreements leading to the change in auditors?
The filing states that the decision to change auditors was not the result of any disagreements or reportable events.
Filing Stats: 608 words · 2 min read · ~2 pages · Grade level 12.4 · Accepted 2024-05-30 16:11:31
Key Financial Figures
- $0.01 — ch registered Common Stock, par value $0.01 per share TOFB None Indicate by c
Filing Documents
- form8-k.htm (8-K) — 42KB
- 0001493152-24-021973.txt ( ) — 207KB
- tofb-20240528.xsd (EX-101.SCH) — 3KB
- tofb-20240528_lab.xml (EX-101.LAB) — 33KB
- tofb-20240528_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 3KB
From the Filing
UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 May 28, 2024 Date of Report (Date of earliest event reported) TOFUTTI BRANDS INC. (Exact name of registrant as specified in its charter) Delaware 001-09009 13-3094658 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 50 Jackson Drive Cranford , New Jersey 07016 (Address of principal executive offices and zip code) (908) 272-2400 (Registrant's telephone number, including area code) Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below): Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(g) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.01 per share TOFB None Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ITEM 4.01 CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT. Appointment of New Independent Registered Public Accounting Firm As previously reported in a Current Report on Form 8-K filed April 5, 2024, Tofutti Brands Inc. (the "Company") reported that Mazars USA LLP resigned as its independent registered public accounting firm. On May 28, 2024, the Board of Directors of the Company unanimously approved the engagement of Rosenberg Rich Baker Berman, P.A. ("RRBB") as the Company's new independent registered public accounting firm. During the fiscal years ended December 30, 2023 and December 31, 2022, and the subsequent interim periods through the date of this report, neither the Company, nor any party on behalf of the Company, consulted with RRBB with respect to either (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of the audit opinion that might be rendered with respect to the Company's consolidated financial statements, and no written report or oral advice was provided to the Company by RRBB that was an important factor considered by the Company in reaching a decision as to any accounting, auditing or financial reporting issue, or (ii) any matter that was subject to any disagreement (as that term is defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) or a reportable event (as that term is defined in Item 304(a)(1)(v) of Regulation S-K). Item. 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description of Exhibit 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document) SIGNATURE 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 thereunto duly authorized. Date: May 30, 2024 TOFUTTI BRANDS INC. (Registrant) By: /s/ Steven Kass Steven Kass Chief Executive Officer