Current Report Filing (8-k)
December 20 2018 - 1:05PM
Edgar (US Regulatory)
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: December 19, 2018
JACOBS
FINANCIAL GROUP, INC.
(Exact
name of registrant as specified in its charter)
Delaware
|
000-21210
|
84-0922335
|
(State or other jurisdiction of incorporation
or organization)
|
(Commission File Number)
|
IRS Employer Identification No.)
|
179
SUMMER STREET, SUITE 307, CHARLESTON, WV 25301
(Address
of Principal Executive Offices) (Zip Code)
(304)
343-8171
Registrant's
telephone number, including area code
(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))
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. /_/
SECTION 4 - MATTERS
RELATED TO ACCOUNTANTS AND FINANCIAL STATEMENTS
Item 4.01 - CHANGES IN REGISTRANT’S CERTIFYING
ACCOUNTANTS
Effective October 1, 2018, EKS&H LLLP (“EKS&H”),
the independent registered public accounting firm for Jacobs Financial Group Inc.’s (the “Company”), combined
with Plante & Moran PLLC (“Plante Moran”). As a result of this transaction, on December 19, 2018 EKS&H resigned
as the independent registered public accounting firm for the Company. Concurrent with such resignation, the Company’s audit
committee approved the engagement of Plante Moran as the new independent registered public accounting firm for the Company.
The audit reports of EKS&H on the Company’s
financial statements for the years ended May 31, 2017 and 2016 did not contain an adverse opinion or a disclaimer of opinion, and
were not qualified or modified as to uncertainty, audit scope or accounting principles.
During the two most recent fiscal years ended
May 31, 2017 and 2016 and through the subsequent interim period preceding EKS&H’s resignation, there were no disagreements
between the Company and EKS&H on any matter of accounting principles or practices, financial statement disclosure, or auditing
scope or procedures, which disagreements, if not resolved to the satisfaction of EKS&H would have caused them to make reference
thereto in their reports on the Company’s financial statements for such years.
During the two most recent fiscal years ended
May 31, 2017 and 2016 and through the subsequent interim period preceding EKS&H’s resignation, there were no reportable
events within the meaning set forth in Item 304(a)(1)(v) of Regulation S-K.
During the two most recent fiscal years ended
May 31, 2017 and 2016 and through the subsequent interim period preceding Plante Moran’s engagement, the Company did not
consult with Plante Moran on either (1) the application of accounting principles to a specified transaction, either completed or
proposed; or the type of audit opinion that may be rendered on the Company’s financial statements, and Plante Moran did not
provide either a written report or oral advise to the Company that Plante Moran concluded was an important factor considered by
the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or (2) any matter that was either
the subject of a disagreement, as defined in Item 304(a)(1)(iv) of Regulation S-K, or a reportable event, as defined in Item
304(a)(1)(v) of Regulation S-K.
The Company has provided EKS&H a copy of
the disclosures in this Form 8-K and has requested that EKS&H furnish it with a letter addressed to the Securities and Exchange
Commission stating whether or not it agrees with the Company’s statements herein. A copy of the letter dated December 19,
2018 is filed as Exhibit 16.1 to this Form 8-K.
SECTION
9 – FINANCIAL STATEMENTS AND EXHIBITS
Item 9.01
- EXHIBITS
The following
exhibits are filed with this report on Form 8-K.
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.
JACOBS
FINANCIAL GROUP, INC.
By: /s/
John M.
Jacobs
John
M. Jacobs, President
Date:
December 20, 2018