Form 8-K - Current report
June 07 2024 - 4:01PM
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0001392380
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2024-06-03
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to
Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 3, 2024
Gevo, Inc.
(Exact name of registrant as specified in its charter)
Delaware |
001-35073 |
87-0747704 |
(State or other jurisdiction |
(Commission File Number) |
(IRS Employer |
of incorporation) |
|
Identification No.) |
345
Inverness Drive South, Building
C, Suite 310
Englewood, CO 80112 |
(Address of principal
executive offices) (Zip Code) |
Registrant’s telephone number, including area code: (303) 858-8358
N/A
(Former name or former address, if changed since
last report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
|
Trading symbol |
|
Name of exchange on which registered |
Common Stock, par value $0.01 per share |
|
GEVO |
|
Nasdaq
Capital Market |
Indicate by check mark whether the registrant is an emerging growth
company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 4.01. | Changes in Registrant’s Certifying Accountant. |
The Audit Committee (the “Audit
Committee”) of the Board of Directors of Gevo, Inc. (the “Company”) conducted a competitive process to
determine the Company’s independent registered public accounting firm for the year ending December 31, 2024. As a result
of this process, on June 3, 2024, the Audit Committee approved the appointment of Deloitte & Touche LLP (“Deloitte”) as the
Company’s independent registered public accounting firm for year ending December 31, 2024. Also on June 3, 2024, the
Company, with the approval of the Audit Committee, dismissed Grant Thornton LLP (“Grant Thornton”) as the
Company’s independent registered public accounting firm, effective immediately.
The reports of Grant Thornton on the Company’s
financial statements as of and for the fiscal years ended December 31, 2023 and 2022 did not contain an adverse opinion or a disclaimer
of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles. During the fiscal years ended
December 31, 2023 and 2022, and in the subsequent interim period through June 3, 2024, there were (i) no “disagreements”
(within the meaning of Item 304(a)(1)(iv) of Regulation S-K) with Grant Thornton 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 Grant Thornton, would
have caused it to make reference to the subject matter of the disagreements in its reports on the consolidated financial statements of
the Company, and (ii) no “reportable events” (as such term is defined in Item 304(a)(1)(v) of Regulation S-K), except for the material weakness in the Company's internal control over financial reporting, as previously reported in Part I. Item
4. “Controls and Procedures” in the Company's quarterly report on Form 10-Q for the period ended September 30, 2023, as filed
with the U.S. Securities and Exchange Commission (the “SEC”) on November 14, 2023, related to the ineffective design of internal
controls to identify and evaluate the existence of, and accounting for, variable interest entities.
As reported in the above referenced quarterly report filed with the SEC, the Company's Chief Executive Officer and Chief Financial Officer
concluded that the Company's disclosure controls and procedures were not effective as of September 30, 2023 due to such material weakness.
The Company's management and the Audit Committee are committed to maintaining a strong internal control environment and the material weakness
has been fully remediated as of December 31, 2023, as previously reported in Part II. Item 9A. “Controls and Procedures” in
the Company's annual report on Form 10-K for the year ended December 31, 2023, filed with the SEC on March 7, 2024.
The Company and the Audit Committee have
discussed this reportable event with Grant Thornton and has authorized Grant Thornton to respond fully to the inquiries of Deloitte
concerning such material weakness.
The Company provided Grant Thornton with a
copy of the disclosures it is making in this Current Report on Form 8-K and requested that Grant Thornton provide the Company
with a letter addressed to the Securities and Exchange Commission confirming their agreement with the disclosure contained herein concerning Grant Thornton.
A copy of Grant Thornton’s letter, dated June 7, 2024, is filed as Exhibit 16.1 to this Current Report on
Form 8-K.
During the fiscal years ended December 31,
2023 and 2022, and in the subsequent interim period through June 3, 2024, neither the Company nor anyone on its behalf consulted
Deloitte regarding either: (i) the application of accounting principles to a specified transaction, either completed or proposed,
or the type of audit opinion that might be rendered on the Company’s consolidated financial statements, and no written report or
oral advice was provided to the Company that Deloitte concluded was an important factor considered by us in reaching a decision as to
the accounting, auditing or financial reporting issue; or (ii) any matter that was the subject of a “disagreement” or
“reportable event” (within the meaning of Item 304(a)(1)(iv) of Regulation S-K and Item 304(a)(1)(v) of Regulation S-K,
respectively).
In approving the selection of Deloitte as the
Company’s independent registered public accounting firm, the Audit Committee considered all relevant factors, including any non-audit
services previously provided by Deloitte to the Company.
Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
GEVO, INC. |
|
|
|
Dated: June 7, 2024 |
By: |
/s/ E. Cabell
Massey |
|
|
E. Cabell Massey
Vice President, Legal and Corporate Secretary |
Exhibit 16.1
June 7, 2024
U.S. Securities and Exchange Commission
Office of the Chief Accountant
100 F Street, NE
Washington, DC 20549
Dear Sir or Madam:
We have read Item 4.01 of Form 8-K of Gevo, Inc. dated June 7,
2024, and agree with the statements concerning our Firm contained therein.
Very truly yours,
/S/ GRANT THORNTON LLP
v3.24.1.1.u2
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Document Period End Date |
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Entity File Number |
001-35073
|
Entity Registrant Name |
Gevo, Inc.
|
Entity Central Index Key |
0001392380
|
Entity Tax Identification Number |
87-0747704
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
345
Inverness Drive South
|
Entity Address, Address Line Two |
Building
C
|
Entity Address, Address Line Three |
Suite 310
|
Entity Address, City or Town |
Englewood
|
Entity Address, State or Province |
CO
|
Entity Address, Postal Zip Code |
80112
|
City Area Code |
303
|
Local Phone Number |
858-8358
|
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Common Stock, par value $0.01 per share
|
Trading Symbol |
GEVO
|
Security Exchange Name |
NASDAQ
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