Resonant INC. (NASDAQ:RESN) Files An 8-K Changes in Registrant’s Certifying Accountant
Item 4.01

As part of its governance mandate, the audit committee of the board of directors (the “Audit Committee”) of Resonant Inc. evaluates potential audit firm rotation. Crowe LLP (“Crowe”) has served as Resonant’s independent registered public accounting firm since June 2015. Following completion of Crowe’s audit of our financial statements for fiscal year 2019, the Audit Committee invited several registered public accounting firms to submit proposals to serve as Resonant’s independent auditors. Several firms participated in this process, and after extensive evaluation, the Audit Committee determined to change independent auditors.

On August 19, 2020, the Audit Committee approved the appointment of KPMG, LLP (“KPMG”) as our new independent registered public accounting firm for the fiscal year ending December 31, 2020. The Audit Committee dismissed Crowe as Resonant’s independent registered public accounting firm on August 19, 2020.

The audit reports of Crowe on our financial statements as of and for the fiscal years ended December 31, 2019 and 2018 did not contain an adverse opinion or disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope, or accounting principles, except the audit report on our financial statements as of and for the fiscal years ended December 31, 2019 and 2018 did contain an explanatory paragraph related to our ability to continue as a going concern.

In connection with the audit of our financial statements for the fiscal years ended December 31, 2019 and 2018, and for the subsequent interim period through the date of this Current Report on Form 8-K, there were: (i) no disagreements between us and Crowe on any matters of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreements, if not resolved to the satisfaction of Crowe, would have caused Crowe to make reference to the subject matter of the disagreements in its report on our financial statements for such fiscal years; and (ii) no “reportable events” within the meaning set forth in Item 304(a)(1)(v) of Regulation S-K.

During our two most recent fiscal years ended December 31, 2019 and 2018 and through August 19, 2020, neither we nor anyone on our behalf consulted with KPMG 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 our financial statements, and KPMG did not provide either a written report or oral advice to us that KPMG 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 the subject of any disagreement, as defined in Item 304 (a)(1)(iv) of Regulation S-K and the related instructions, or a “reportable event” within the meaning set forth in Item 304(a)(1)(v) of Regulation S-K.

We provided Crowe with a copy of the disclosures in this Current Report on Form 8-K and requested that Crowe furnish us with a letter addressed to the Securities and Exchange Commission stating whether or not Crowe agrees with our statements in this Item 4.01. A copy of the letter dated August 24, 2020, furnished by Crowe in response to that request is filed as Exhibit 16.1 to this Current Report on Form 8-K.

16.1	Letter to the Securities and Exchange Commission from Crowe LLP dated August 24, 2020.

Resonant Inc Exhibit
EX-16.1 2 tm2029330d1_ex16-1.htm EXHIBIT 16.1 Exhibit 16.1   August 24,…
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About Resonant INC. (NASDAQ:RESN)

Resonant Inc. is a late-stage development company. The Company creates filter designs for radio frequency (RF) front-ends for the mobile device industry. The RF front-end is the circuitry in a mobile device for analog signal processing and is located between the device’s antenna and its digital baseband. The Company uses a technology called Infinite Synthesized Networks (ISN) to configure and connect resonators, the building blocks of RF filters. The Company uses ISN to develop new classes of filter designs. The Company is also developing a series of single-band surface acoustic wave (SAW) filter designs for frequency bands. The Company is developing multiplexer filter designs for over two bands to address the carrier aggregation (CA) requirements of its customers. In addition, the Company is also developing reconfigurable filter designs to replace multiple filters for multiple bands. The Company is also involved in the development of a filter reconfigurable between three bands.