STATE AUTO FINANCIAL CORPORATION (NASDAQ:STFC) Files An 8-K Changes in Registrant’s Certifying Accountant
Item 4.01
STATE AUTO FINANCIAL CORPORATION (NASDAQ:STFC) Files An 8-K Changes in Registrant’s Certifying Accountant
Home SEC Filings STATE AUTO FINANCIAL CORPORATION (NASDAQ:STFC) Files An 8-K Changes in Registrant’s Certifying...
On August 27, 2019, the Company informed EY, its then-current independent registered public accounting firm, of the decision by the Company’s Audit Committee of the Board of Directors to engage PricewaterhouseCoopers LLP (“PwC”) as the Company\’s independent registered public accounting firm to audit the Company’s financial statements for its fiscal year ended December 31, 2020. EY continued to serve as the Company’s independent registered public accounting firm through the completion of the audit of the Company’s financial statements for its fiscal year ended December 31, 2019 (the “2019 Fiscal Year”) and the filing of the Company’s Form 10-K regarding the 2019 Fiscal Year. The Company filed its Form 10-K for the 2019 Fiscal Year on February 27, 2020, which thereby effectively terminated EY’s engagement as the Company’s independent registered public accounting firm.
The audit reports of EY on the consolidated financial statements of the Company for each of the two most recent fiscal years ended December 31, 2018 and December 31, 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.
During the Company\’s two most recent fiscal years ended December 31, 2018 and December 31, 2019 and during the subsequent interim period from January 1, 2020 through February 28, 2020: (i) there were no disagreements with EY on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedures that, if not resolved to EY\’s satisfaction, would have caused EY to make reference to the subject matter of the disagreement in connection with its reports; and (ii) there were no “reportable events” as defined in Item 304(a)(1)(v) of Regulation S-K.
The Company has provided a copy of this Form 8-K/A to EY and has requested that EY furnish it with a letter addressed to the SEC stating whether it agrees with the statements made in this Item 4.01(a). A copy of such letter, dated February 28, 2020, is filed as Exhibit 16.2 to this Form 8-K/A.
State Auto Financial CORP Exhibit
EX-16.1 2 letterdatedseptember32019f.htm EXHIBIT 16.1 Exhibit Exhibit 16.1September 3,…
To view the full exhibit click
EX-16.1 2 letterdatedseptember32019f.htm EXHIBIT 16.1 Exhibit Exhibit 16.1September 3,…
To view the full exhibit click
hereAbout STATE AUTO FINANCIAL CORPORATION (NASDAQ:STFC)
State Auto Financial Corporation (State Auto Financial) is a property and casualty insurance holding company. The Company is engaged in writing personal, business and specialty insurance. Its segments include personal insurance, business insurance, specialty insurance and investment operations. Its personal insurance, business insurance and specialty insurance are known as insurance segments of the Company. It writes standard insurance covering personal exposures to individuals in the personal insurance segment. The Company writes insurance covering small-to-medium sized commercial exposures in the business insurance segment. The specialty insurance segment offers commercial coverages requiring product underwriting, claims handling and/or risk management services through a distribution channel of retail agents and wholesale brokers, which include program administrators and other sources. Its investment portfolio is managed by its subsidiary, Stateco Financial Services, Inc.
