Workhorse Group Changes Auditors
Ticker: WKHS · Form: 8-K · Filed: Dec 23, 2024 · CIK: 1425287
| Field | Detail |
|---|---|
| Company | Workhorse Group Inc. (WKHS) |
| Form Type | 8-K |
| Filed Date | Dec 23, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: auditor-change, accounting
Related Tickers: WKHS
TL;DR
Workhorse just fired its accountant and hired a new one, no drama reported.
AI Summary
Workhorse Group Inc. announced on December 18, 2024, that it has dismissed its principal accounting firm, CohnReznick LLP. The company stated that the dismissal was not due to any disagreements or adverse opinions from CohnReznick. Workhorse Group Inc. has appointed BDO USA, LLP as its new independent registered public accounting firm.
Why It Matters
A change in auditors can sometimes signal underlying issues within a company's financial reporting or internal controls, though in this case, the company states no disagreements occurred.
Risk Assessment
Risk Level: low — The filing is a routine change of auditors and explicitly states no disagreements occurred, indicating low immediate risk.
Key Players & Entities
- Workhorse Group Inc. (company) — Registrant
- CohnReznick LLP (company) — Former principal accounting firm
- BDO USA, LLP (company) — New independent registered public accounting firm
- December 18, 2024 (date) — Date of dismissal and appointment
FAQ
When was CohnReznick LLP dismissed as Workhorse Group Inc.'s principal accounting firm?
CohnReznick LLP was dismissed as Workhorse Group Inc.'s principal accounting firm on December 18, 2024.
Was the dismissal of CohnReznick LLP due to any disagreements?
No, Workhorse Group Inc. stated that the dismissal of CohnReznick LLP was not due to any disagreements or adverse opinions.
Who has been appointed as the new independent registered public accounting firm for Workhorse Group Inc.?
BDO USA, LLP has been appointed as the new independent registered public accounting firm for Workhorse Group Inc.
What is the effective date of the change in accounting firms?
The change in accounting firms was effective as of December 18, 2024.
Did CohnReznick LLP audit Workhorse Group Inc.'s financial statements for any recent periods?
The filing does not explicitly state which periods CohnReznick LLP audited, but it was the principal accounting firm prior to its dismissal on December 18, 2024.
Filing Stats: 552 words · 2 min read · ~2 pages · Grade level 13.2 · Accepted 2024-12-23 17:03:45
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value per share WKHS The Nasdaq
Filing Documents
- ea0225844-8k_workhorse.htm (8-K) — 25KB
- 0001213900-24-112002.txt ( ) — 194KB
- wkhs-20241218.xsd (EX-101.SCH) — 3KB
- wkhs-20241218_lab.xml (EX-101.LAB) — 33KB
- wkhs-20241218_pre.xml (EX-101.PRE) — 22KB
- ea0225844-8k_workhorse_htm.xml (XML) — 4KB
01. Changes
Item 4.01. Changes in Registrant's Certifying Accountant. New Independent Registered Public Accounting Firm On December 18, 2024, the Audit Committee of the Board of Directors of Workhorse Group Inc. (the "Company") appointed Berkowitz Pollack Brant Advisors + CPAs, LLP ("BPB") to serve as the Company's independent registered public accounting firm for the fiscal year ended December 31, 2024. During the fiscal years ended December 31, 2023, and 2022 and in the subsequent interim periods through December 23, 2024, neither the Company nor anyone on its behalf has consulted with BPB with respect to (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on financial statements, and neither a written report nor oral advice was provided to the Company that BPB concluded was an important factor considered by the Company in reaching a decision as to any accounting, auditing, or financial reporting issue (ii) any matter that was the subject of a "disagreement," as that term is defined in Item 304(a)(1)(iv) and the related instructions of Regulation S-K or (iii) any "reportable event," as that term is defined in Item 304(a)(1)(v) of Regulation S-K. 1
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. WORKHORSE GROUP INC. Date: December 23, 2024 By: /s/ James D. Harrington Name: James D. Harrington Title: General Counsel, Chief Compliance Officer and Secretary 2