NAUTILUS, INC. (NYSE:NLS) Files An 8-K Changes in Registrant’s Certifying Accountant
Item 4.01
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Changes in Registrant’s Certifying Accountant
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of Nautilus, Inc. (the Company) dismissed Deloitte Touche LLP
(Deloitte) as the Companys independent registered public accounting
firm, effective as of that date, and appointed KPMG LLP (KPMG) to
serve as the Companys independent registered public accounting firm
for the fiscal year ending December 31, 2017, effective
immediately.
financial statements as of and for the years ended December 31,
2016 and 2015 did not contain any adverse opinion or disclaimer of
opinion, nor were they qualified or modified as to uncertainty,
audit scope, or accounting principles.
interim period preceding Deloittes dismissal, there was no
disagreement (as described in Item 304(a)(1)(iv) of Regulation S-K
and the related instructions) with Deloitte on any matter of
accounting principles or practices, financial statement disclosure,
or auditing scope or procedure, which disagreement (if not resolved
to the satisfaction of Deloitte) would have caused it to make
reference to the subject matter of the disagreement in connection
with its report.
interim period preceding Deloittes dismissal, there were no
reportable events of the type described in Item 304(a)(1)(v) of
Regulation S-K.
its filing with the U.S. Securities and Exchange Commission (the
SEC) and requested Deloitte to furnish the Company with a letter
addressed to the SEC stating whether Deloitte agrees with the
statements made by the Company in response to Item 304(a) of
Regulation S-K and, if not, stating the respects in which it does
not agree. A copy of Deloittes letter, dated March 10, 2017, is
attached as Exhibit 16.1 to this Form 8-K.
appointed KPMG to serve as the Companys independent registered
public accounting firm for the fiscal year ending December 31,
2017, effective immediately.
interim period preceding KPMGs engagement, neither the Company nor
anyone on its behalf consulted KPMG regarding (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 consolidated financial statements, and no
written report or oral advice was provided by KPMG to the Company
that KPMG concluded was an important factor considered by the
Company in reaching a decision as to the accounting, auditing or
financial reporting issue, or (ii) any matter that was either the
subject of a disagreement (as described in Item 304(a)(1)(iv) of
Regulation S-K and the related instructions) or a reportable event
(as described in Item 304(a)(1)(v) of Regulation S-K).
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Item 9.01
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Financial Statements and Exhibits
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intended to constitute the exhibit index:
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16.1
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Deloitte Touche LLP – Letter dated March 10, 2017.
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About NAUTILUS, INC. (NYSE:NLS)
Nautilus, Inc. is a consumer fitness products company. The Company operates through two segments: Direct and Retail. The Direct segment offers products directly to consumers through television advertising, catalogs and the Internet. The Retail segment offers its products through a network of independent retail companies with stores and Websites located in the United States and internationally. The Company’s principal business activities include designing, developing, sourcing and marketing of cardio and strength fitness products and related accessories for consumer use, primarily in the United States and Canada, but also in international markets outside North America. It markets cardiovascular, strength and nutrition fitness products. The Company offers its products under the brands, including Nautilus, Bowflex, Octane Fitness, Schwinn and Universal. The Company’s warehousing and distribution facilities are located in Oregon and Ohio. NAUTILUS, INC. (NYSE:NLS) Recent Trading Information
NAUTILUS, INC. (NYSE:NLS) closed its last trading session up +0.10 at 16.40 with 228,455 shares trading hands.
