The Hershey Company (NYSE:HSY) Files An 8-K Changes in Registrant’s Certifying Accountant
Item 4.01.
|
Changes in Registrants Certifying Accountant.
|
accounting firm until February 21, 2017, the date on which KPMG
issued its report on the Companys consolidated financial
statements for the fiscal year ending December 31, 2016 (and the
effectiveness of internal control over financial reporting as of
December 31, 2016).
statements as of and for the years ended December 31, 2016 and
2015 did not contain any adverse opinion or disclaimer of
opinion, nor were they qualified or modified as to uncertainty,
audit scope or accounting principles. The audit reports of KPMG
on the effectiveness of internal control over financial reporting
as of December 31, 2016 and 2015 did not contain any adverse
opinion or disclaimer of opinion, nor were they qualified or
modified as to uncertainty, audit scope, or accounting
principles, except that KPMGs report indicates that the Company
did not maintain effective internal control over financial
reporting as of December 31, 2015, because of the effect of a
material weakness related to the Companys accounting for cocoa
derivative instruments. During the Companys two most recent
fiscal years ended December 31, 2016 and December 31, 2015, and
the interim period through February 21, 2017, there were no (1)
disagreements with KPMG on any matter of accounting principles or
practices, financial statement disclosures, or auditing scope or
procedures, which disagreements, if not resolved to the
satisfaction of KPMG, would have caused KPMG to make reference to
the subject matter of the disagreements in connection with its
reports; and (2) events of the type listed in paragraphs (A)
through (D) of Item 304(a)(1)(v) of Regulation S-K, except for
the material weakness as described in this paragraph.
the Initial Form 8-K prior to its filing with the Securities and
Exchange Commission (SEC) and requested that KPMG furnish the
Company with a letter addressed to the SEC stating whether or not
KPMG agrees with the above statements. The letter from KPMG is
filed with this Amendment No. 1 to the Initial Form 8-K as
Exhibit 16.1.
|
Item 9.01.
|
Financial Statements and Exhibits.
|
|||
|
(d)
|
Exhibits.
|
|||
|
Exhibit Number
|
Description
|
|||
|
16.1
|
Letter from KPMG, LLP, dated February 27, 2017
|
|||
About The Hershey Company (NYSE:HSY)
The Hershey Company is a producer of chocolate and non-chocolate confectionery. The Company’s principal confectionery offerings include gum and mint refreshment products; pantry items, such as baking ingredients, toppings and beverages, and snack items, such as spreads, meat snacks, bars, and snack bites and mixes. The Company operates through two segments: North America, and International and Other. The Company’s North America segment is responsible for its chocolate and sugar confectionery business, as well as its grocery and snacks business, in the United States and Canada. Its International and Other segment includes all other countries where the Company manufactures, imports, markets, sells or distributes chocolate and non-chocolate confectionery, and other products. The Company markets, sells and distributes its products under approximately 80 brand names in over 70 countries across the world. The Hershey Company (NYSE:HSY) Recent Trading Information
The Hershey Company (NYSE:HSY) closed its last trading session down -1.10 at 107.80 with 1,055,640 shares trading hands.
