Emerson Radio (MSN) Amends 8-K on Auditor Change

Ticker: MSN · Form: 8-K/A · Filed: 2024-01-10T00:00:00.000Z

Sentiment: neutral

Topics: auditor-change, amendment, corporate-governance

TL;DR

**Emerson Radio (MSN) just amended its auditor change filing, keep an eye on why.**

AI Summary

Emerson Radio Corp. (MSN) filed an 8-K/A on January 10, 2024, amending its December 28, 2023 report to disclose a change in its certifying accountant. This filing is an amendment to a previous report, indicating a correction or additional detail regarding the change. For investors, a change in auditors can sometimes signal underlying issues with financial reporting or internal controls, making it crucial to understand the reasons behind such a switch.

Why It Matters

A change in a company's certifying accountant can raise red flags about the integrity of its financial statements or potential disagreements over accounting practices, which could impact investor confidence.

Risk Assessment

Risk Level: medium — A change in auditors, especially an amended filing about it, can indicate potential financial reporting issues or disagreements, increasing investor risk.

Analyst Insight

Investors should monitor subsequent filings for Emerson Radio Corp. (MSN) to understand the specific reasons for the auditor change and any implications for financial reporting, as this amendment only signals the change, not the details.

Key Players & Entities

FAQ

What is the purpose of this 8-K/A filing by Emerson Radio Corp.?

This 8-K/A (Amendment No. 1) filing by Emerson Radio Corp. is an amendment to a previous Current Report on Form 8-K, specifically concerning 'Changes in Registrant's Certifying Accountant' as reported on December 28, 2023.

When was the earliest event reported in the original 8-K that this amendment refers to?

The earliest event reported in the original 8-K, to which this amendment refers, occurred on December 28, 2023.

What is Emerson Radio Corp.'s trading symbol and on which exchange is it registered?

Emerson Radio Corp.'s trading symbol is MSN, and its Common Stock, par value $.01 per share, is registered on the NYSE American exchange.

What is Emerson Radio Corp.'s state of incorporation and IRS Employer Identification No.?

Emerson Radio Corp. is incorporated in Delaware, and its IRS Employer Identification No. is 22-3285224.

What is the business address and phone number of Emerson Radio Corp. as stated in the filing?

The business address of Emerson Radio Corp. is 35 Waterview Blvd., Suite 140, Parsippany, NJ 07054, and its telephone number is (973) 428-2000.

Filing Stats: 726 words · 3 min read · ~2 pages · Grade level 13.8 · Accepted 2024-01-10 16:03:21

Filing Documents

01 Changes in Registrant ' s Certifying Accountant

Item 4.01 Changes in Registrant ' s Certifying Accountant.   Engagement of New Independent Registered Public Accounting Firm   As disclosed in the Original Form 8-K, on the Engagement Date, the Audit Committee of the Board of Directors of the Company approved the engagement of Marcum as the Company's independent registered public accounting firm for the fiscal year ending March 31, 2024. The engagement of Marcum is subject to the finalization of Marcum's client acceptance procedures.   As disclosed in the Original Form 8-K during the Company's fiscal years ended March 31, 2023 and 2022, and the subsequent interim period through the Engagement Date, neither the Company nor anyone acting on its behalf consulted with Marcum regarding: (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 the Company's financial statements, and neither a written report nor oral advice was provided to the Company that Marcum concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or (ii) any matter that was either the subject of a "disagreement" within the meaning of Item 304(a)(1)(iv) of Regulation S-K and the related instructions to Item 304 or a "reportable event" within the meaning of Item 304(a)(1)(v) of Regulation S-K.         SIGNATURE   Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.             EMERSON RADIO CORP.     By:   /s/ Christopher Ho     Name:   Christopher Ho     Title:   Chief Executive Officer   Dated: January 10, 2024  

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