Centennial Resource Development,Inc. (NASDAQ:SRAQU) Files An 8-K Changes in Registrant’s Certifying Accountant
Item 4.01. Changes in Registrants Certifying Accountant.
On November18, 2016, the Audit Committee of the Board of
Directors of Centennial Resource Development,Inc. (the Company)
approved a change in accountants by making the determination to
dismiss WithumSmith Brown, PC (Withum) as the Companys principal
accountant and to engage KPMG LLP (KPMG) as the Companys
principal accountant, effective immediately. KPMG previously
audited the financial statements of Centennial Resource
Production, LLC, in which the Company acquired an approximate 89%
membership interest on October11, 2016, as of and for the
three-year period ended December31, 2015. Prior to the
appointment of KPMG, the Company had not consulted with KPMG with
respect to the application of accounting principles to a
specified transaction, either completed or proposed, the type of
audit opinion that might be rendered on the Companys financial
statements or any other matter or reportable event listed in
Items 304(a)(2)(i)and (ii)of Regulation S-K.
During the period from November4, 2015 (date of inception) to
December31, 2015, and subsequently during the period from
December31, 2015 through November18, 2016, the date of Withums
dismissal, there were no disagreements with Withum on any matter
of accounting principles or practices, financial statement
disclosure or auditing scope or procedure, which disagreement,
had it not been resolved to the satisfaction of Withum, would
have caused Withum to make reference thereto in its reports on
the financial statements for such periods. During the same
periods, there have been no reportable events, as that term is
described in Item304(a)(1)(v)of Regulation S-K.
Withums audit report on the financial statements of the Company
for the period from November4, 2015 (date of inception) to
December31, 2015 did not contain any adverse opinion or
disclaimer of opinion and were not qualified or modified as to
uncertainty, audit scope or accounting principles.
The Company provided Withum with a copy of this Current Report on
Form8-K and requested that Withum furnish it with a letter
addressed to the Securities and Exchange Commission stating
whether Withum agrees with the above statements. A copy of such
letter, dated November25, 2016, is filed as Exhibit16.1 to this
Current Report on Form8-K.
Item 9.01. Financial Statements and Exhibits.
Letter from WithumSmith Brown, PC to the Securities and
About Centennial Resource Development, Inc. (NASDAQ:SRAQU)
Centennial Resource Development, Inc., formerly Silver Run Acquisition Corporation, is an emerging growth company. The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company focuses on identifying, acquiring and building a company in the energy industry. The Company has not generated any revenue. The Company’s subsidiaries include Centennial Resource Production, LLC, Centennial Resource Management, LLC, Atlantic Exploration, LLC and Centennial Crude Gathering, LLC. Centennial Resource Development, Inc. (NASDAQ:SRAQU) Recent Trading Information
Centennial Resource Development, Inc. (NASDAQ:SRAQU) closed its last trading session up +1.18 at 11.73 with 102,903 shares trading hands.