UTAH MEDICAL PRODUCTS, INC. (NASDAQ:UTMD) Files An 8-K Changes in Registrant’s Certifying Accountant
ITEM 4.01—CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT

On November 13, 2018, Jones Simkins LLC, Logan, Utah, informed the Company that it would decline to stand for reelection as the Company's principal accountant to audit and report on the Company's financial statements for the year ending December 31, 2018.

The report of Jones Simkins on the Company's financial statements consisting of consolidated balance sheets as of December 31, 2017, and the related consolidated statements of income, comprehensive income, stockholders' equity, and cash flows for the year ended December 31, 2017, did not contain an adverse opinion or disclaimer of opinion and were not qualified or modified as to audit scope or accounting principles.

In connection with the Company's most recent fiscal year audit and any subsequent interim period preceding Jones Simkins' decision to decline to stand for reelection, there were no disagreements with Jones Simkins or reportable events on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreement, if not resolved to the satisfaction of the former accountant, would have caused it to make reference to the subject matter of the disagreement in connection with its report. In connection with its audit of the Company's 2017 financial statements, Jones Simkins noted no matters involving the internal control structure and its operations that it considered to be material weaknesses.

On November 14, 2018, the Company's board of directors approved the engagement of Haynie & Company, Salt Lake City, Utah ("Haynie"), as independent accountant and auditor to report on the Company's financial statements for the year ending December 31, 2018.

No consultations occurred between the Company and Haynie during the two most recent fiscal years and any subsequent interim period prior to Haynie's appointment regarding either: (i)the application of accounting principles to a specific completed or contemplated transaction, the type of audit opinion that might be rendered on the Company's financial statements, or other information provided that was considered by the Company in reaching a decision as to an accounting, auditing, or financial reporting issue; or (ii)any matter that was the subject of disagreement or a reportable event requiring disclosure under Item 304(a)(1)(v) of Regulation S-K.

ITEM 9.01—FINANCIAL STATEMENTS AND EXHIBITS

The following is filed as an exhibit to this report:

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UTAH MEDICAL PRODUCTS INC Exhibit
EX-16.1 2 exh16_1.htm LETTER FROM JONES SIMKINS LLC TO U.S. SECURITIES AND EXCHANGE COMMISSION REGARDING CHANGE IN CERTIFYING ACCOUNTANT DATED NOVEMBER 15,…
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About UTAH MEDICAL PRODUCTS, INC. (NASDAQ:UTMD)

Utah Medical Products, Inc. (UTMD) is engaged in the business of producing medical devices that are disposable and for hospital use. The Company’s product categories include labor and delivery/obstetrics, including fetal monitoring accessories, Vacuum-Assisted Delivery Systems (VAD), and other labor and delivery tools; neonatal intensive care, including DISPOSA-HOOD, DELTRAN PLUS and GESCO; gynecology/urology/electrosurgery, including LETZ System, FINESSE+ Generator, EPITOME, PATHFINDER PLUS, HOLMIUM LASER FIBRES, LIBERTY System, ENDOCURETTE, TVUS/HSG-Cath and LUMIN, and blood pressure monitoring, including DELTRAN Disposable Pressure Transducer (DPT), and pressure monitoring accessories, components and other molded parts. UTMD markets a range of medical devices used in critical care areas, especially the neonatal intensive care unit, the labor and delivery department and the women’s health center in hospitals, as well as products sold to outpatient clinics and physician’s offices.