Hurco Companies, Inc. (NASDAQ:HURC) Files An 8-K Changes in Registrant’s Certifying Accountant
Item 4.01
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Changes in Registrants Certifying Accountant. |
(a)On May 3, 2017, the Audit Committee (the Audit Committee) of
the Board of Directors of Hurco Companies, Inc. (the Company)
dismissed Ernst Young LLP (EY) as the Companys independent
registered public accounting firm, effective immediately. The
decision to change accountants was made and approved by the Audit
Committee.
The audit reports of EY on the Companys consolidated financial
statements for the Companys fiscal years ended October 31, 2015
and 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 the Companys fiscal years ended October 31, 2015 and 2016,
and the subsequent interim period through May 3, 2017, there were
no disagreements (within the meaning of Item 304(a)(1)(iv) of
Regulation S-K and related instructions) between the Company and
EY on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedures, which
disagreements, if not resolved to the satisfaction of EY, would
have caused EY to make reference to the subject matter of the
disagreements in connection with EYs reports on the Companys
financial statements.
During the Companys fiscal years ended October 31, 2015 and 2016,
and the subsequent interim period through May 3, 2017, there were
no reportable events (as defined in Item 304(a)(v) of Regulation
S-K).
The Company has provided EY with a copy of the foregoing
disclosures. A letter from EY stating its agreement with such
disclosures is attached as Exhibit 16.1 to this report.
(b)On May 3, 2017, the Audit Committee approved the engagement of
RSM US LLP (RSM) as the Companys independent registered public
accounting firm, effective immediately. During the Companys
fiscal years ended October 31, 2015 and 2016, and the subsequent
interim period through May 3, 2017, neither the Company nor
anyone acting on its behalf consulted RSM with respect to (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 the Companys financial statements, or (ii)
any matter that was either the subject of a disagreement (as
defined in Item 304(a)(1)(iv) of Regulation S-K and related
instructions) or a reportable event (as described in Item
304(a)(1)(v) of Regulation S-K).
| Item 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits. |
| Exhibit No. | Description |
| 16.1 |
Letter from Ernst Young LLP addressed to the Securities and Exchange Commission dated May 8, 2017. |
About Hurco Companies, Inc. (NASDAQ:HURC)
Hurco Companies, Inc. is an industrial technology company. The Company designs, manufactures and sells computerized (Computer Numeric Control (CNC)) machine tools, consisting primarily of vertical machining centers (mills) and turning centers (lathes). It operates in the industrial automation equipment segment. It designs and produces interactive computer control systems and software, computerized machine tools, and machine tool components and accessories for sale through its own distribution network to the metal working market. Its product lines include Hurco Brand of CNC Machine Tools, Milltronics Brand of CNC Machine Tools, Takumi Brand of CNC Machine Tools, Hurco Computer Control Systems and Software and LCM Machine Tool Components and Accessories. It has three brands of CNC machine tools in its product portfolio: Hurco, Milltronics and Takumi. In addition, through LCM Precision Technology S.r.l. (LCM), the Company produces machine tool components and accessories. Hurco Companies, Inc. (NASDAQ:HURC) Recent Trading Information
Hurco Companies, Inc. (NASDAQ:HURC) closed its last trading session up +0.40 at 29.60 with 20,874 shares trading hands.
