Ultimate Products Corporation (NYSE:TFX) Files An 8-K Changes in Registrant’s Certifying Accountant

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 Company’s Board of Directors.

 

The reports of Scrudato & Co., PA on the Company’s 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 in regard to 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 Company’s 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 Company’s 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.


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 down -1.54 at 159.99 with 282,361 shares trading hands.

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