On March 28, 2020, following a comprehensive search process initiated by ARC Document Solutions, Inc. (the “Company”), the Audit Committee of the Board of Directors of the Company dismissed Deloitte & Touche LLP (“Deloitte”) and appointed Armanino LLP (“Armanino”) as the Company’s independent registered public accounting firm for fiscal year 2020.

The reports of Deloitte on the Company’s financial statements for the fiscal years ended December 31, 2019 and 2018 did not contain an adverse opinion or 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 through March 28, 2020, there have been no disagreements with Deloitte on any matters of accounting principles or practices, financial statement disclosure or auditing scope and procedure, which disagreements, if not resolved to the satisfaction of Deloitte, would have caused it to make reference to the subject matter of the disagreements in its reports on the financial statements for such years. During the fiscal years ended December 31, 2019 and 2018, and through March 28, 2020, there have been no “reportable events” (as defined in Item 304(a)(1)(v) of Regulation S-K).

The Company has provided Deloitte with a copy of the above statements and has requested that Deloitte furnish it with a letter addressed to the United States Securities and Exchange Commission stating whether or not it agrees with the above statements. A copy of such letter, dated April 1, 2020, is attached hereto as Exhibit 16.

During the fiscal years ended December 31, 2019 and 2018, and through the date of the appointment of Armanino as the Company’s independent auditors for fiscal year 2020, the Company did not consult with Armanino regarding either the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company’s financial statements, or any other reportable events as set forth in Items 304(a)(2)(i) and (ii) of Regulation S-K.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.>

(b) Director Retirement

On March 29, 2020, each of Messrs. Thomas J. Formolo and John G. Freeland, members of the Board of Directors of the Company, notified the Company of his decision to retire and not stand for re-election to the Board when his current term expires at the Company’s 2020 annual shareholders’ meeting. Each of Messrs. Formolo and Freeland’s decisions were not due to any disagreement with the Company on any matter. Each of Messrs. Formolo and Freeland will remain a member of the Company’s Board of Directors until the Company’s 2020 annual meeting of stockholders.

ARC DOCUMENT SOLUTIONS, INC. Exhibit
EX-16 2 arcexhibit16letter.htm EXHIBIT 16 Exhibit April 1,…
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About ARC Document Solutions, Inc. (NYSE:ARC)

ARC Document Solutions, Inc. (ARC) is a document solutions provider for the architectural, engineering and construction (AEC) industry. The Company also provides document solutions to businesses of various types. ARC’s offerings include managed print services (MPS), offsite services, archive and information management (AIM), specialized color printing, Web-based document management applications, digital shipping/managed file transfer, and equipment and supplies sales. MPS is an onsite service where it installs a complete document solution platform in its customers’ offices and project sites. Its Offsite Services offering operates over 180 offsite service centers. AIM enables its customers to store information and intellectual property in a cloud-based and searchable digital archive. The Specialized Color Printing offering is focused on color printing, finishing and assembly of graphic materials. Its Web-Based Document Management Applications develop and offer tools to its customers.