SEMGROUP CORPORATION (NYSE:SEMG) Files An 8-K Changes in Registrant’s Certifying Accountant
Item 4.01.
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Changes in Registrants Certifying Accountant.
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for audit services for 2017 from several independent auditors,
including BDO USA, LLP (BDO), the Companys existing auditor since
2008. As a result of this process and following careful
consideration and deliberation, on February 26, 2017, the Audit
Committee of the Companys Board of Directors (the Audit
Committee), approved the engagement of Grant Thornton LLP (Grant
Thornton), as the Companys independent registered public
accounting firm for the Companys fiscal year ending December 31,
2017 and to perform interim review procedures related to the
financial statements included in the Companys quarterly reports
on Form 10-Q, beginning with the quarter ending March 31, 2017.
On February 26, 2017, the Audit Committee dismissed BDO as the
Companys independent registered public accounting firm. BDO was
notified of the Committees decision on February 27, 2017.
statements for the two most recent fiscal years ended December
31, 2016 and 2015, did not contain an adverse opinion or
disclaimer of opinion, nor were they qualified or modified as to
uncertainty, audit scope or accounting principles generally
accepted in the United States (US GAAP).
subsequent interim period through February 26, 2017, (i) there
were no disagreements between the Company and BDO on any matters
of US GAAP or practices, financial statement disclosure or
auditing scope or procedure, which disagreements, if not resolved
to the satisfaction of BDO, would have caused BDO to make
reference to the subject matter of the disagreement in its
reports on the Companys consolidated financial statements for
such years, and (ii) there were no reportable events as defined
in Item 304(a)(1)(v) of Regulation S-K.
and requested a letter addressed to the U.S. Securities and
Exchange Commission stating whether BDO agrees with the above
statements. A copy of the letter, dated February 28, 2017, from
BDO is attached as Exhibit 16 to this Form 8-K.
Grant Thornton as the Companys new independent registered public
accounting firm to perform independent audit services beginning
with the fiscal year ending December 31, 2017 and to perform
interim review procedures related to the financial statements
included in the Companys quarterly reports on Form 10-Q,
beginning with the quarter ending March 31, 2017.
31, 2016 and 2015, and during the subsequent interim period
through February 26, 2017, neither the Company, nor anyone on its
behalf, has consulted Grant Thornton 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 consolidated financial
statements, and neither a written report was provided to the
Company nor oral advice was provided to the Company that Grant
Thornton 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 defined 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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Exhibit No.
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Description
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Letter of BDO USA, LLP dated February 28, 2017.
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About SEMGROUP CORPORATION (NYSE:SEMG)
SemGroup Corporation is a provider of gathering, transportation, storage, distribution, marketing and other midstream services. The Company’s segments include Crude Transportation, which operates crude oil pipelines and truck transportation businesses in the United States; Crude Facilities, which operates crude oil storage and terminal businesses in the United States; Crude Supply and Logistics, which operates a crude oil marketing business; SemLogistics, which owns an independent petroleum products storage facility in the United Kingdom; SemCAMS, which owns and operates over four natural gas processing and gathering facilities in Alberta, Canada; SemMexico, which provides a range of liquid asphalt cement products and product application services to the Mexican market; SemGas, which provides natural gas gathering and processing services, and SemStream, which owns interest in NGL Energy Partners LP and NGL Energy Holdings LLC. SEMGROUP CORPORATION (NYSE:SEMG) Recent Trading Information
SEMGROUP CORPORATION (NYSE:SEMG) closed its last trading session up +0.95 at 36.10 with 998,669 shares trading hands.
