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MarketScreener Homepage  >  Equities  >  Nyse  >  PGT Innovations, Inc.    PGTI

PGT INNOVATIONS, INC.

(PGTI)
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PGT INNOVATIONS, INC. : Changes in Registrant's Certifying Accountant, Financial Statements and Exhibits (form 8-K)

11/19/2020 | 04:34pm EST

ITEM 4.01. Changes in Registrant's Certifying Accountant.



  (a) Dismissal of Previous Independent Registered Public Accounting Firm.



On November 13, 2020, PGT Innovations, Inc. (the "Company"), dismissed KPMG LLP ("KPMG") as the Company's independent registered public accounting firm, effective upon the filing of the Company's Annual Report on Form 10-K for the Company's fiscal year ended January 2, 2021 (the "Effective Date"). KPMG will continue to serve as the Company's independent registered public accounting firm, including providing audit services for the Company's fiscal year ended January 2, 2021, through the Effective Date. The Company notified KPMG on November 16, 2020 that it would be dismissed as the Company's independent registered public accounting firm. The decision to dismiss KPMG as the Company's independent registered public accounting firms was at the direction of and approved by the Audit Committee (the "Audit Committee") of the Board of Directors of the Company.

KPMG's reports on the Company's financial statements for the years ended December 29, 2018, and December 28, 2019 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, except for changes due to the Company's adoption of Accounting Standards Update ("ASU") 2016-02, Leases, and several related amendments, and ASU 2014-09, Revenue from Contracts with Customers, and several related amendments.

During the Company's two most recent fiscal years ended December 29, 2018, and December 28, 2019, and the subsequent interim period through November 13, 2020, there were no disagreements, within the meaning of Item 304(a)(1)(iv) of Regulation S-K promulgated under the Securities Exchange Act of 1934, as amended ("Regulation S-K"), and the related instructions thereto, with KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of KPMG, would have caused it to make reference to the subject matter of the disagreements in connection with its reports. Also, during this same period, there were no reportable events within the meaning of Item 304(a)(1)(v) of Regulation S-K and the related instructions thereto.

The Company provided KPMG with the disclosures under this Item 4.01(a) and requested KPMG to furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether it agrees with the statements made by the Company in this Item 4.01(a) and, if not, stating the respects in which it does not agree. KPMG's letter is filed as Exhibit 16.1 to this Current Report on Form 8-K.



  (b) Appointment of New Independent Registered Public Accounting Firm.



On November 13, 2020, the Audit Committee approved the appointment of Ernst & Young LLP ("EY") as the Company's new independent registered public accounting firm. The Company notified EY on November 13, 2020 that it would be engaged as the Company's independent registered public accounting firm, effective immediately subsequent to the filing of the Company's Annual Report on Form 10-K for the Company's fiscal year ended January 2, 2021. During the Company's two most recent fiscal years ended December 29, 2018, and December 28, 2019, and the subsequent interim period through November 13, 2020, neither the Company nor anyone acting on its behalf consulted with EY 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


Exhibit No.          Description
    16.1               KPMG LLP letter to the Securities and Exchange Commission
                     dated November 19, 2020
     104             Cover Page Interactive Date File - the cover page XBRL tags
                     are embedded within the Inline XBRL document


                                      -2-
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                                      -3-

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© Edgar Online, source Glimpses

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