Ultimate Products Corporation (NYSE:TFX) Files An 8-K Changes in Registrant’s Certifying Accountant
Item 4.01
Changes in Registrant’s Certifying Accountant.
(a)
Previous Independent Registered Public Accounting Firm
On December 27, 2016, Ultimate Products Corporation (the Company)
accepted the resignation of Scrudato Co., PA, as the independent
registered public accounting firm of the Company.The resignation
of Scrudato Co., PA, was approved by the Companys Board of
Directors.
On December 22, 2016, the Company received a letter from the
Securities and Exchange Commission informing it that effective
December 20,2016, the Public Company Accounting Oversight Board
(PCAOB) revoked the registration of Patrick Rogers, CPA, PA. The
Boards order can be viewed at:
https//pcaobus.org/Enforcement/Decisions/Documents/105-2016-054-Scrudato.pdf
The reports of Scrudato Co., PA on the Companys financial
statements as of and for the fiscal years ended March 31, 2014
and 2015 did not contain an adverse opinion or a disclaimer of
opinion, and were not qualified or modified as to uncertainty,
audit scope or accounting principle except as follows:
The accompanying financial statements have been prepared assuming
that the Company will continue as a going concern. As discussed
in Note 2, the Company has no material assets other than cash,
nor does it have operations or a source of revenue sufficient to
cover its operation costs. These factors raise substantial doubt
about the Company’s ability to continue as a going concern.
Management’s plans regarding these matters are also discussed in
Note 2. The financial statements do not include any adjustments
that might result from the outcome of this uncertainty.
During the Companys fiscal years ended March 31, 2014 and 2015
and through December 27, 2016, there were no disagreements with
Scrudato Co., PA, on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or
procedure, which, if not resolved to the satisfaction of Scrudato
Co., PA would have caused them to make reference to the subject
matter of the disagreement in connection with their reports on
the financial statements for such years. During the Companys
fiscal years ended March 31, 2014 and 2015 and through December
27, 2016 there were no reportable events as defined in Item
304(a)(1)(v) of Regulation S-K.
The Company furnished a copy of the disclosures herein to
Scrudato Co., PA, and requested that Scrudato Co., PA, furnish it
with a letter addressed to the Securities and Exchange Commission
stating whether or not it agrees with the above statements. A
copy of such letter, dated January 5, 2017, is filed as Exhibit
16.1 to this Form 8-K/A
Section 9-Financial Statements and Exhibits
Item9.01
Financial Statements and Exhibits.
(d)
Exhibits
The following exhibits are filed with this Current Report on Form
8-K/A:
|
Exhibit No. |
Description |
|
16.1 |
Letter from Scrudato Co., PA to the Securities and Exchange |
About Ultimate Products Corporation (NYSE:TFX)
Teleflex Incorporated is a provider of medical technology products. The Company designs, develops, manufactures and supplies single-use medical devices used by hospitals and healthcare providers for diagnostic and therapeutic procedures in critical care and surgical applications. The Company markets and sells its products to hospitals and healthcare providers, across the world, through a combination of its direct sales force and distributors. The Company operates through six segments: Vascular North America; Anesthesia North America; Surgical North America; Europe, the Middle East and Africa (EMEA); Asia, and Original Equipment Manufacturer (OEM). The Company manufactures its products at approximately 30 manufacturing sites, with manufacturing operations located in the Czech Republic, Germany, Malaysia, Mexico and the United States. The Company’s all others businesses include single-use respiratory, urology and cardiac care products, as well as capital equipment. Ultimate Products Corporation (NYSE:TFX) Recent Trading Information
Ultimate Products Corporation (NYSE:TFX) closed its last trading session up +0.09 at 165.41 with 564,277 shares trading hands.