Current Report Filing (8-k)
January 06 2022 - 5:08PM
Edgar (US Regulatory)
0001522690
false
0001522690
2021-12-31
2021-12-31
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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):
December 31, 2021
GWG Holdings, Inc.
(Exact name of registrant as specified in its charter)
Commission File Number: 001-36615
Delaware
|
|
26-2222607
|
(State or other jurisdiction
of
incorporation)
|
|
(IRS Employer
Identification No.)
|
325 North St. Paul Street, Suite 2650, Dallas,
TX 75201
(Address of principal executive offices, including
zip code)
(612) 746-1944
(Registrant’s telephone number, including
area code)
Not Applicable
(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(s)
|
|
Name of each exchange
on which registered
|
Common Shares
|
|
GWGH
|
|
Nasdaq Capital Market
|
Indicate by check mark whether the registrant is an emerging growth
company 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
On December 31, 2021, Grant Thornton LLP (“Grant
Thornton”), the independent registered public accounting firm of GWG Holdings, Inc. (the “Company”), notified the Company
that it will not stand for reappointment as the Company’s independent registered public accounting firm.
Grant Thornton’s audit report on the Company’s
financial statements for the year ended December 31, 2020 did not contain an adverse opinion or a disclaimer of opinion, nor was such
report qualified or modified. Grant Thornton’s audit report included an explanatory paragraph regarding the Company’s ability
to continue as a going concern in accordance with Public Company Accounting Oversight Board Auditing Standard AS 2415. Grant Thornton
did not audit the Company’s financial statements for any period prior to the year ended December 31, 2020.
During the year ended December 31, 2020 and through
January 6, 2022, there were (i) no disagreements between the Company and Grant Thornton on any matter of accounting principles or practices,
financial statement disclosure or auditing scope or procedure which, if not resolved to Grant Thornton’s satisfaction, would have
caused Grant Thornton to make reference to the subject matter of the disagreement in connection with its report for such year and (ii)
no “reportable events” as defined in Item 304(a)(1)(v) of Regulation S-K for such year and through January 6, 2022, except
for the two material weaknesses in the Company’s internal control over financial reporting as reported in the Company’s Annual
Report on Form 10-K for the year ended December 31, 2020.
The Company’s audit committee discussed such
material weaknesses with Grant Thornton, and the Company has authorized Grant Thornton to respond fully to the inquiries of the Company’s
successor accounting firm concerning such matters.
The Company has provided Grant Thornton with a
copy of the disclosure set forth in this report and requested that Grant Thornton furnish the Company with a letter addressed to the SEC
stating whether it agrees with the statements made herein and, if not, stating the respects in which it does not agree, as required by
SEC rules. A copy of Grant Thornton’s letter, dated January 6, 2022, stating its agreement with the above statements is attached
as Exhibit 16.1 to this report.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
|
GWG HOLDINGS, INC.
|
|
|
Date: January 6, 2022
|
By:
|
/s/ Timothy L. Evans
|
|
Name:
|
Timothy L. Evans
|
|
Title:
|
Chief Financial Officer
|
2
GWG (NASDAQ:GWGH)
Historical Stock Chart
From Apr 2024 to May 2024
GWG (NASDAQ:GWGH)
Historical Stock Chart
From May 2023 to May 2024