Item 4.01. Change in Registrant's Certifying Accountant.
On June 3, 2022, following the completion of a comprehensive evaluation process,
the Audit Committee (the "Audit Committee") of the Board of Directors of Laredo
Petroleum, Inc. (the "Company") dismissed Grant Thornton LLP ("Grant Thornton")
and appointed Ernst & Young LLP ("EY") as the Company's independent registered
public accounting firm for the fiscal year ending December 31, 2022. The change
is effective immediately.
Grant Thornton's audit report on the Company's consolidated financial statements
for the fiscal years ended December 31, 2021 and 2020 did not contain an adverse
opinion or a disclaimer of opinion and was not qualified or modified as to
uncertainty, audit scope or accounting principle.
During the fiscal years ended December 31, 2021 and 2020 and through the
subsequent interim period ending June 3, 2022, there were (i) no disagreements
(as that term is defined in Item 304(a)(1)(iv) of Regulation S-K and the related
instructions) between the Company and Grant Thornton on any matter of accounting
principles or practices, financial statement disclosure, or auditing scope or
procedure, which, if not resolved to the satisfaction of Grant Thornton would
have caused Grant Thornton to make reference to the subject matter thereof in
connection with its reports on the consolidated financial statements of the
Company for such years, and (ii) no "reportable events" (as that term is defined
in Item 304(a)(1)(v) of Regulation S-K).
The Company provided Grant Thornton with a copy of this Form 8-K and requested
that Grant Thornton provide the Company with a letter addressed to the
Securities and Exchange Commission stating whether or not Grant Thornton agrees
with the above disclosures. A copy of Grant Thornton's letter, dated June 7,
2022, is attached as Exhibit 16.1 to this Form 8-K.
During the fiscal years ended December 31, 2021 and 2020 and through the
subsequent interim period ending June 3, 2022, neither the Company, nor any
party on behalf of the Company, consulted with EY 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 EY 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 Number Description
16.1 Letter from Grant Thornton LLP to the Securities and Exchange
Commission, dated June 7, 2022.
104 Cover Page Interactive Data File (formatted as Inline XBRL).
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