Daktronics, Inc. (NASDAQ:DAKT) Files An 8-K Changes in Registrant’s Certifying AccountantITEM 4.01Changes in Registrant's Certifying Accountant.
(a)Dismissal of Independent Registered Public Accounting Firm.
On September 12, 2017, Daktronics, Inc. (the “Company”) dismissed Ernst & Young LLP (“EY”) as the Company’s independent registered public accounting firm. The decision to change our independent registered public accounting firm was the result of a request for proposal process in which the Audit Committee of our Board of Directors conducted a comprehensive, competitive process to select the independent registered public accounting firm, and which action was ratified by our Board of Directors.
The audit reports of EY on the consolidated financial statements of the Company for each of the two most recent fiscal years ended April 29, 2017 and April 30, 2016 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 our two most recent fiscal years ended April 29, 2017 and April 30, 2016 and during the subsequent interim period from April 30, 2017 through September 12, 2017, (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.
We provided EY with a copy of the disclosures in this report prior to filing with the Securities and Exchange Commission (the “SEC”). A copy of EY's letter dated September 14, 2017 to the SEC, stating whether it agrees with the statements made in this report, is filed as Exhibit 16.1 to this report.
(b)Engagement of New Independent Registered Public Accounting Firm.
On September 12, 2017, the Audit Committee engaged Deloitte & Touche LLP (“Deloitte”) as our independent registered public accounting firm for the fiscal year ending April 28, 2018.
During the two most recent fiscal years ended April 29, 2017 and April 30, 2016 and during the subsequent interim period from April 30, 2017 through September 12, 2017, neither we nor anyone on our behalf consulted Deloitte regarding either (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on our financial statements, and neither a written report nor oral advice was provided to us that Deloitte concluded was an important factor considered by us in reaching a decision as to any accounting, auditing or financial reporting issue, or (ii) any matter that was either the subject of a“disagreement”or a“reportable event”, each as defined in Regulation S-K Item 304(a)(1)(v), respectively.
Section 9 – Financial Statements and Exhibits
ITEM 9.01Financial Statements and Exhibits.
(d)Exhibits.The following exhibit is furnished as part of this Report:
DAKTRONICS INC /SD/ ExhibitEX-16.1 2 dakt-20170912x8k_ex161.htm EXHIBIT 16.1 Exhibit EXHIBIT 16.1September 14,…To view the full exhibit click here
About Daktronics, Inc. (NASDAQ:DAKT)
Daktronics, Inc. is a supplier of electronic scoreboards, electronic display systems, digital messaging solutions, software and services for sporting, commercial and transportation applications. The Company operates through five segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The Company offers a range of products, from small scoreboards and electronic displays to video display systems, as well as related control, timing and sound systems. It designs, markets, manufactures, installs and services integrated systems displaying real-time data, graphics, animation and video. Its product families include video displays, scoreboards and timing systems, message displays, intelligent transportation systems (ITS) dynamic message signs, space availability displays, audio systems, advertising displays, digit and price displays and digital messaging systems.