Hi-Crush Partners LP (NYSE:HCLP) Files An 8-K Changes in Registrant’s Certifying Accountant
Item 4.01 Changes in Registrants Certifying Accountant
recommendation and with the approval of the Audit Committee (the
Audit Committee) of the Board of Directors of Hi-Crush GP LLC, the
general partner of the Partnership, dismissed
PricewaterhouseCoopers LLP (PwC) as the Partnerships independent
registered public accounting firm, effective upon the issuance of
PwC’s audit report on the Partnership’s consolidated financial
statements that give effect to the recasting of such financial
statements resulting from a transaction under common control as
previously reported by the Partnership on Form 8-K filed on March
21, 2017.
as of and for the fiscal years ended December 31, 2016 and 2015 did
not contain any adverse opinion or a disclaimer of opinion, nor
were they qualified or modified as to uncertainty, audit scope or
accounting principles.
31, 2016 and December 31, 2015 and the subsequent interim period
through March 28, 2017, (i) the Partnership has not had any
disagreements with PwC on any matter of accounting principles or
practices, financial statement disclosure or auditing scope or
procedures, which disagreements, if not resolved to PwCs
satisfaction, would have caused PwC to make reference to the
subject matter of the disagreements in their reports on the
Partnerships consolidated financial statements for such fiscal
years, and (ii) there were no reportable events as that term is
defined in Item 304(a)(1)(v) of Regulation S-K.
Form 8-K prior to its filing with the Securities and Exchange
Commission (SEC) and requested that PwC furnish it with a letter
addressed to the SEC stating whether or not it agrees with the
statements in this report. A copy of PwCs letter, dated March 30,
2017, is filed as Exhibit 16.1 to this Current Report on Form 8-K.
firm.
Deloitte Touche LLP (Deloitte) as the Partnerships new independent
registered public accounting firm, effective March 29, 2017.
the Partnership engaged in a competitive bid process and solicited
requests for proposals from eight firms, including PwC, whom the
Audit Committee believed to be capable of serving as the
Partnerships auditor given its size and complexity. The Audit
Committee then engaged in an evaluation process as to which firm
would most effectively audit the Partnerships financial statements.
31, 2016 and December 31, 2015 and the subsequent interim period
through March 28, 2017, neither the Partnership nor anyone acting
on its behalf has consulted Deloitte on any matter relating to
either (i) the application of accounting principles to a specific
transaction, either completed or contemplated, or the type of audit
opinion that might be rendered on the Partnerships financial
statements or (ii) any matter that was the subject of a
disagreement (as that term is defined in Item 304(a)(1)(iv) of
Regulation S-K and the related instructions) or a reportable event
(as that term is defined in Item 304(a)(1)(v) of Regulation S-K).
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Exhibit Number
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Exhibit Description
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16.1
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Letter to Securities and Exchange Commission from
PricewaterhouseCoopers LLP, dated March 30, 2017 |
About Hi-Crush Partners LP (NYSE:HCLP)
Hi-Crush Partners LP is a producer and supplier of monocrystalline sand. The Company is a limited partnership formed to acquire selected sand reserves and related processing and transportation facilities of Hi-Crush Proppants LLC. It operates in Frac Sand Sales segment. Its reserves consist of northern white sand, a resource in Wisconsin and limited portions of the upper Midwest region of the United States. It owns, operates and develops sand reserves, and related excavation and processing facilities. Its 857-acre facility with rail infrastructure, located in Wyeville, Wisconsin (the Wyeville facility) contains approximately 82.1 million tons of proven recoverable reserves of frac sand meeting American Petroleum Institute (API) specifications. It also holds approximately 98% interest in Augusta facility, which is located in Eau Claire County, Wisconsin and contains over 40.9 million tons of proven recoverable reserves of frac sand meeting API specifications. Hi-Crush Partners LP (NYSE:HCLP) Recent Trading Information
Hi-Crush Partners LP (NYSE:HCLP) closed its last trading session up +0.45 at 17.35 with 800,228 shares trading hands.
