Item 4.01. Changes in Registrant's Certifying Accountant.
(a) Dismissal of Previous Independent Registered Public Accounting Firm
On March 28, 2020, the Audit Committee of the Board of Directors (the "Audit
Committee") of JMP Group LLC (the "Company") chose not to renew the engagement
of PricewaterhouseCoopers LLP ("PwC"), which was then serving as the Company's
independent registered public accounting firm. The Company notified PwC on March
30, 2020 that it would be dismissed as the Company's independent registered
public accounting firm, effective immediately. The decision to dismiss PwC was
approved by the Audit Committee.
PwC's audit reports on the Company's consolidated financial statements as of and
for the fiscal years ended December 31, 2019 and 2018 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.
During the fiscal years ended December 31, 2019 and 2018, and the subsequent
interim period through March 30, 2020, there were (i) no disagreements (as
described in Item 304(a)(1)(iv) of Regulation S-K and the related instructions)
between the Company and PwC on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure, which, if not
resolved to PwC's satisfaction, would have caused PwC to make reference thereto
in their reports on the financial statements for such years, and (ii) no
"reportable events" within the meaning of Item 304(a)(1)(v) of Regulation S-K
and the related instructions.
The Company provided PwC with a copy of the disclosures it is making in this
Current Report on Form 8-K and requested that PwC furnish a letter addressed to
the Securities and Exchange Commission stating whether or not it agrees with the
statements made herein. A copy of PwC's letter dated April 1, 2020, is filed as
Exhibit 16.1 hereto.
(b) Appointment of New Independent Registered Public Accounting Firm
On March 28, 2020, the Audit Committee approved the engagement of Marcum LLP
("Marcum") to serve as the Company's new independent registered public
accounting firm for the fiscal year ending December 31, 2020, and Marcum has
accepted the engagement, effective on March 30, 2020. The decision to appoint
Marcum was approved by the Audit Committee.
During the fiscal years ended December 31, 2019 and 2018, and the subsequent
interim period through March 30, 2020, neither the Company nor anyone acting on
its behalf has consulted with Marcum regarding any of the matters described in
Items 304(a)(2)(i) and (ii) of Regulation S-K.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
The following exhibits are furnished as part of this Current Report on Form 8-K:
16.1 Letter of PricewaterhouseCoopers LLP dated April 1, 2020
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