SUMMER ENERGY HOLDINGS, INC. (OTCMKTS:SUME) Files An 8-K Changes in Registrant’s Certifying AccountantItem 4.01Changes in Registrant’s Certifying Accountant.
(a)Dismissal of Independent Registered Public Accountant
On August 21, 2017, the Board of Directors of Summer Energy Holdings, Inc. (the “Company”) dismissed LBB & Associates Ltd., LLP (“LBB”) as the Company’s independent registered public accounting firm. LBB had served as the Company’s independent registered public accounting firm since April 2, 2012.
LBB’s audit reports on the financial statements of the Company for the fiscal years ended December 31, 2016 and 2015 contained no adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles.
During the fiscal years ended December 31, 2016 and 2015, and through August 21, 2017, there were no “disagreements” (as such term is defined in Item 304 of Regulation S-K) with LBB on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreement, if not resolved to their satisfaction, would have caused LBB to make reference to the subject matter of the disagreement in connection with its reports.
In addition, during the fiscal years ended December 31, 2016 and 2015, and through August 21, 2017, there were no “reportable events” (as such term is defined in Item 304 of Regulation S-K).
On August 21, 2017, the Company provided LBB with its disclosures in the Current Report on Form 8-K disclosing the dismissal of LBB and requested in writing that LBB furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether or not they agree with such disclosures. LBB’s response is filed as an exhibit to this Current Report on Form 8-K.
(b)Appointment of New Independent Registered Public Accountant
Following a careful deliberation and competitive process among various accounting firms, on August 21, 2017, the Company’s Board of Directors engaged Whitley Penn LLP (“WP”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2017, effective August 21, 2017.
Prior to retaining WP, the Company did not consult with WP regarding either: (i) the application of accounting principles to a specified transaction, either contemplated or proposed, or the type of audit opinion that might be rendered on the Company’s financial statements; or (ii) any matter that was the subject of a “disagreement” or a “reportable event” (as those terms are defined in Item 304 of Regulation S-K).
The Company authorized LBB to respond fully and without limitation to all requests of WP concerning all matters related to the audited period by LBB.
The audit committee of the Company’s Board of Directors approved the dismissal of LBB and the appointment of Whitley Penn as the Company’s independent registered public accounting firm
Item 9.01Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.Description
99.1Letter from LBB & Associates Ltd., LLP to the Securities and Exchange Commission
SUMMER ENERGY HOLDINGS INC ExhibitEX-99.1 2 sume_ex99z1.htm EXHIBIT 99.1 August 21,…To view the full exhibit click here
About SUMMER ENERGY HOLDINGS, INC. (OTCMKTS:SUME)
Summer Energy Holdings, Inc. operates through its subsidiaries, Summer Energy, LLC (Summer LLC), Summer Energy of Ohio (Summer Ohio) and Summer EM Marketing, LLC (Marketing LLC). The Company’s primary business operations are conducted through Summer LLC, which is a licensed Retail Electricity Provider (REP) in the State of Texas. The Company conducts the business of purchasing and reselling electric power within the State of Texas through Summer LLC. The Company sells electricity and provides the related billing, customer service, collections and remittance services to residential and commercial customers. It offers retail electricity to commercial and residential customers in designated target markets within the State of Texas. Marketing, LLC provides marketing services to Summer LLC. Summer Ohio procures and sells electricity in the state of Ohio.
