SUNNYSIDE BANCORP, INC. (OTCMKTS:SNNY) Files An 8-K Changes in Registrant’s Certifying Accountant
Item 4.01. Changes in Registrants Certifying Accountant.
Effective March 2, 2017, the Audit Committee of the Board of
Directors of Sunnyside Bancorp, Inc. (the Company) approved the
engagement of Fontanella Associates LLC CPA Consulting Firm
(Fontanella Associates) as the Companys independent accounting
firm for the year ended December 31, 2016. The engagement
followed the approval of Fontanella Associates application for
registration with the Public Company Accounting Oversight Board
and the resignation of Fontanella Babitts, the Companys former
independent accounting firm, in connection with the dissolution
of their partnership.
During the years ended December 31, 2015 and 2014, and the
subsequent interim period prior to the engagement of Fontanella
Associates, the Company did not consult with Fontanella
Associates regarding the application of accounting principles to
a specific completed or proposed transaction or regarding the
type of audit opinion that might be rendered by Fontanella
Associates on the Companys financial statements, Fontanella
Associates did not provide any written or oral advice that was an
important factor considered by the Company in reaching a decision
as to any such accounting, auditing or financial reporting issue,
and the Company did not consult with Fontanella Associates
regarding any of the matters or events set forth in Item
304(a)(2)(ii) of Regulation S-K.
The reports of Fontanella Babitts on the financial statements of
the Company for the years ended December 31, 2015 and 2014
contained no adverse opinion or disclaimer of opinion and were
not qualified or modified as to uncertainty, audit scope or
accounting principle. In connection with its audits for the years
ended December 31, 2015 and 2014 and reviews of the Companys
financial statements through December 31, 2016, there were no
disagreements with Fontanella Babitts 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 Fontanella Babitts, would have caused them
to make reference thereto in their reports, and there have been
no reportable events as described in Item 304(a)(1)(v) of
Regulation S-K.
The Company provided Fontanella Babitts with a copy of this
Current Report on Form 8-K prior to its filing with the
Securities and Exchange Commission and requested that Fontanella
Babitts furnish the Company with a letter addressed to the
Securities and Exchange Commission stating whether it agrees with
the above statements and, if it does not agree, the respects in
which it does not agree. A copy of the letter, dated March 2,
2017, is filed as Exhibit 16.1 to this Current Report on Form 8-K
and incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. |
| (a) | Financial Statements of Businesses Acquired. Not applicable. |
| (b) | Pro Forma Financial Information. Not applicable. |
| (c) | Shell Company Transactions. Not applicable. |
| (d) | Exhibits |
| Exhibit 16.1 |
Letter, dated March 2, 2017 from Fontanella Babitts to the Securities and Exchange Commission, regarding change in certifying accountant of the Company. |
About SUNNYSIDE BANCORP, INC. (OTCMKTS:SNNY)
Sunnyside Bancorp, Inc. (Sunnyside Bancorp) is a savings and loan holding company for Sunnyside Federal Savings and Loan Association of Irvington (the Bank). The Bank’s business consists of taking deposits from the general public and investing those deposits, together with funds generated from operations, in one- to four-family residential real estate loans and commercial and multi-family real estate loans, and, to a much more limited extent, commercial loans, home equity lines of credit and other loans. The Bank originates both fixed-rate and adjustable-rate one- to four-family residential real estate loans. The Bank offers a range of deposit accounts, which include statement savings accounts, negotiable order of withdrawal (NOW) accounts, noninterest-bearing demand accounts, money market accounts and certificates of deposit. SUNNYSIDE BANCORP, INC. (OTCMKTS:SNNY) Recent Trading Information
SUNNYSIDE BANCORP, INC. (OTCMKTS:SNNY) closed its last trading session up +0.10 at 14.00 with 200 shares trading hands.