CAPSTONE COMPANIES, INC. (OTCMKTS:CAPC) Files An 8-K Changes in Registrant’s Certifying Accountant
Item 4.01 Change in Registrant’s Certifying Accountant
Directors of Capstone Companies, Inc. (the “Company”) approved
the appointment of Kaufman Rossin, P.A., located in Boca Raton,
Florida, (“Kaufman”) as the independent registered public
accounting firm for the Company’s fiscal year ending December
31, 2018. The Audit Committee concluded that Kaufman offered the
most advantageous and cost-effective local audit and accounting
resources for Company’s audit needs.
firm, Mayer Hoffman McCann P.C., located in Boca Raton, Florida,
(“Mayer Hoffman”) resigned effective December 11, 2018. The
Company and Mayer Hoffman could not reach mutually acceptable
financial terms of engagement for the 2018 fiscal year-end audit
work. The change in independent registered public accounting
firms will take place as of December 12, 2018.
consolidated financial statements as of and for the fiscal years
December 31, 2017 and 2016 did not contain an adverse opinion or
a disclaimer of opinion, nor were they qualified or modified as
to uncertainty, audit scope or accounting principles.
subsequent interim periods through September 30, 2018, there were
(i) no disagreements between the Company and Mayer Hoffman on any
matter of accounting principles or practices, financial statement
disclosure, or auditing scope or procedure, any of which, if not
resolved to Mayer Hoffman’s satisfaction, would have caused
Mayer Hoffman to make reference thereto in their reports, and
(ii) no “reportable events” within the meaning of Item
304(a)(1)(v) of Regulation S-K.
it is making in this Current Report on Form 8-K and requested
that Mayer Hoffman furnish a letter addressed to the Securities
and Exchange Commission stating whether or not it agrees with the
statements made herein. A copy of Mayer Hoffman’s letter dated
December 14, 2018, is filed as Exhibit 16.1 hereto.
subsequent interim periods through September 30, 2018, neither
the Company nor anyone on its behalf consulted with Kaufman
regarding (i) the application of accounting principles to a
specific transaction, either completed or proposed, or the type
of audit opinion that might be rendered on the Company’s
financial statements, and neither a written report nor oral
advice was provided to the Company that Kaufman concluded was an
important factor considered by the Company in reaching a decision
as to any accounting, auditing, or financial reporting issue,
(ii) any matter that was the subject of a disagreement within the
meaning of Item 304(a)(1)(iv) of Regulation S-K, or (iii) any
reportable event within the meaning of Item 304(a)(1)(v) of
Regulation S-K.
| 16.1 |
Letter from Mayer Hoffman McCann P.C. to Capstone
Companies, Inc., dated December 14, 2018 |
CAPSTONE COMPANIES, INC. Exhibit
EX-16.1 2 form8k121118ex16-1.htm Mayer Hoffman McCann P.C. 2255 Glades Road,…
To view the full exhibit click here
About CAPSTONE COMPANIES, INC. (OTCMKTS:CAPC)
Capstone Companies, Inc. (CAPC) is a holding company. The Company designs and manufactures a line of specialty power failure lighting solutions and other specialty consumer products for the North American and Global retail markets through its operating subsidiary. Its product line consists of consumer lighting products, including power failure multi-function handheld lights, power failure multi-function nightlights and wall-plates, decorative nightlights, wireless motion sensor lights, remote control battery powered accent lights and remote control outlets. Its products are sold under Capstone Industries, Inc. (CAPI) brand name, Capstone Lighting, and also under a licensed brand. The Company oversees the manufacturing of its products through its three operating subsidiaries: CAPI, Capstone International H.K Ltd. (CIHK) and Capstone Lighting Technologies, Inc. (CLTL). The Company is focused on establishing relationships with international, national and regional retailers.