Sector 5, Inc. (OTCMKTS:SFIV) Files An 8-K Changes in Registrant’s Certifying Accountant
Item 4.01 Changes in Registrants Certifying Accountant
1) Previous Independent Auditors:
| a. |
On May 22, 2017, Stevenson Company CPAS LLC (Stevenson) resigned as the registrants registered independent public accountant. On May 22, 2017, the registrant engaged Michael Gillespie Associates, PLLC (Gillespie) as its new registered independent public accountant. |
| b. |
For the years ended December 31, 2015 and 2014 and for the interim period through the time of their resignation, Stevensons report did not contain an adverse opinion or a disclaimer of opinion, and were not qualified or modified as to audit scope or accounting principles, except that the report contained an explanatory paragraph stating that there was substantial doubt about the registrants ability to continue as a going concern. |
| c. |
The decision to dismiss Stevenson and to engage Gillespie was approved by the registrants board of directors. |
| d. |
Through the period covered by the financial audit for the years ended December 31, 2015 and 2014 there have been no disagreements with Stevenson on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements if not resolved to the satisfaction of Stevenson would have caused them to make reference thereto in their report on the financial statements. For the interim period through May 22, 2017 (the date of resignation), there have been no disagreements with Stevenson on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements if not resolved to the satisfaction of Stevenson would have caused them to make reference thereto in their report on the financial statements. |
| e. |
We have authorized Stevenson to respond fully to any inquiries of Gillespie. |
| f. |
During the years ended December 31, 2015 and 2014 and the interim period through May 22, 2017, there have been no reportable events between the registrant and Stevenson as set forth in Item 304(a)(1)(v) of Regulation S-K. |
| g. |
The registrant provided a copy of the foregoing disclosures to Stevenson prior to the date of the filing of this report and requested that Stevenson furnish it with a letter addressed to the Securities Exchange Commission stating whether or not it agrees with the statements in this report. A copy of this letter will be filed as Exhibit 16.1 in an amendment to this Form 8-K. |
2) New Independent Accountants:
| a. |
On May 22, 2017, the registrant engaged Gillespie Associates, PLLC, as its new registered independent public accountant. During the years ended December 31, 2015 and 2014 and prior to May 22, 2017 (the date of the new engagement), we did not consult with Gillespie regarding (i) the application of accounting principles to a specified transaction, (ii) the type of audit opinion that might be rendered on the registrants financial statements by Gillespie, in either case where written or oral advice provided by Gillespie would be an important factor considered by us in reaching a decision as to any accounting, auditing or financial reporting issues or (iii) any other matter that was the subject of a disagreement between us and our former auditor or was a reportable event (as described in Items 304(a)(1)(iv) or Item 304(a)(1)(v) of Regulation S-K, respectively). |
ITEM 9.01. Financial Statements and Exhibits.
|
a. |
None |
|
b. |
Exhibits |
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NUMBER |
EXHIBIT |
|
16.1 |
Letter from Stevenson Company CPAS LLC, dated May 24, 2017, |
About Sector 5, Inc. (OTCMKTS:SFIV)
Sector 5, Inc. creates, manufactures and sells consumer electronics under Sector 5 and other brands. It is a Google Partner utilizing Chrome, Android and Windows Operating Systems, focused on the educational and consumer electronics markets. The Company and its manufacturing partners, suppliers, and tier-1 designers are working together to combine ingenuity and manufacturing strengths to create products with the latest technology, innovative features such as rugged designs, spill/drop resistant and portables with economic pricing. Its distribution strategy centers on B2B, retail, e-commerce, K-12 and Higher Education markets. Sector 5, Inc. (OTCMKTS:SFIV) Recent Trading Information
Sector 5, Inc. (OTCMKTS:SFIV) closed its last trading session 00.000 at 0.671 with 100 shares trading hands.