Pyxis Tankers Auditor Resigns

TL;DR

Pyxis Tankers' auditor, KPMG, is resigning effective after their Q2 2025 filing.

AI Summary

Pyxis Tankers Inc. announced on June 27, 2025, that its audit committee received a resignation letter from its independent registered public accounting firm, KPMG Certified Auditors S.A. KPMG's resignation is effective upon the conclusion of the company's Form 6-K filing for the six-month period ending June 30, 2025.

Why It Matters

A change in auditors can sometimes signal underlying issues with financial reporting or internal controls, potentially impacting investor confidence.

Risk Assessment

Risk Level: medium — Auditor resignations, especially without immediate replacement, can raise concerns about financial reporting and internal controls.

Key Players & Entities

• Pyxis Tankers Inc. (company) — The company filing the report and whose auditor is resigning.
• KPMG Certified Auditors S.A. (company) — The independent registered public accounting firm that is resigning.
• June 27, 2025 (date) — The date the company's audit committee received the resignation correspondence.
• June 30, 2025 (date) — The end date of the financial period for which the company's unaudited financial results will be filed.

FAQ

From the Filing

0001641172-25-018013.txt : 20250707 0001641172-25-018013.hdr.sgml : 20250707 20250707164513 ACCESSION NUMBER: 0001641172-25-018013 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20250707 FILED AS OF DATE: 20250707 DATE AS OF CHANGE: 20250707 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Pyxis Tankers Inc. CENTRAL INDEX KEY: 0001640043 STANDARD INDUSTRIAL CLASSIFICATION: DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412] ORGANIZATION NAME: 01 Energy & Transportation EIN: 000000000 STATE OF INCORPORATION: 1T FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-37611 FILM NUMBER: 251108546 BUSINESS ADDRESS: STREET 1: 59 K. KARAMANLI STREET STREET 2: 151 25 MAROUSSI CITY: ATHENS STATE: J3 ZIP: 15125 BUSINESS PHONE: 2106560590 MAIL ADDRESS: STREET 1: 59 K. KARAMANLI STREET STREET 2: 151 25 MAROUSSI CITY: ATHENS STATE: J3 ZIP: 15125 6-K 1 form6-k.htm 6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month July 2025 Commission File Number: 001-37611 Pyxis Tankers Inc. (Translation of registrant’s name into English) 59 K. Karamanli Street Maroussi 15125 Greece +30 210 638 0200 (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☒ Form 40-F ☐UNITED STATES INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K On June 27, 2025, the audit committee of Pyxis Tankers Inc. (the “Company”) received correspondence from KPMG Certified Auditors S.A. (“KPMG”), informing the Company of its resignation as the Company’s independent registered public accounting firm effective upon the conclusion of the Company’s filing on Form 6-K of its unaudited financial results for the six month period ending June 30, 2025 in accordance with Item 8.A.5 of Form 20-F. The audit reports of KPMG on the financial statements of the Company as of and for the fiscal years ended December 31, 2024 and 2023 did not contain any adverse opinion or disclaimer of opinion, nor was it qualified or modified as to uncertainty, audit scope or accounting principles. During the fiscal years ended December 31, 2024 and 2023 and during the period from January 1, 2025 through the date hereof, there were (i) no “disagreements”, as such term is used in Item 16F(a)(1)(iv) of Form 20-F (and the related instructions thereto), with KPMG on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedures that, if not resolved to KPMG’s satisfaction, would have caused KPMG to make reference to the subject matter of the disagreement(s) in connection with its reports, and (ii) no “reportable events,” as the term is described in Item 16F(a)(1)(v) of Form 20-F, except that KPMG informed the Company of a material weakness regarding the incorrect accounting of the partial redemption of the Series A Convertible Preferred Stock that occurred in the second quarter ending June 30, 2024, which deficiency was effectively remediated prior to December 31, 2024. The Company provided KPMG with a copy of this Form 6-K and requested that KPMG furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether KPMG agrees with the above statements, and, if not, stating the respects in which it does not agree. A copy of KPMG’s letter is furnished as Exhibit 16.1 to this Form 6-K. Upon approval of its audit committee, the Company expects in due course to engage a new independent registered public accounting firm to replace KPMG and will announce such engagement when it occurs. The Company intends to use this Form 6-K and the accompanying exhibit to satisfy its reporting obligations under Item 16F(a) of its Form 20-F for