Current Report Filing (8-k)
June 14 2022 - 04:10PM
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2022-06-09
2022-06-09
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2022-06-09
2022-06-09
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2022-06-09
2022-06-09
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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):
June 9, 2022
STAR EQUITY HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
Delaware |
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001-35947 |
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33-0145723 |
(State or other jurisdiction of incorporation) |
|
(Commission File Number) |
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(IRS Employer
Identification No.) |
53 Forest Ave., Suite 101
Old Greenwich, CT, 06870
(Address of principal executive offices, including
zip code)
203-489-9500
(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 Stock, par value $0.0001 per share |
STRR |
NASDAQ Global Market |
Series A Cumulative Perpetual Preferred Stock, par value $0.0001 per share |
STRRP |
NASDAQ Global 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. ☐
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Item 4.01 |
Change in Registrant’s Certifying Accountant. |
On
June 9, 2022, Star Equity Holdings, Inc. (the “Company”) received notice from BDO USA, LLP (“BDO”) of its resignation
as the Company's independent registered public accounting firm effective immediately. The Company is currently in the final stages of
the process of finding a successor independent registered public accounting firm and anticipates selecting a new independent registered
public accounting firm within the next thirty days. The Company will provide information on the selection on Form 8-K once such successor is
identified, as required by the rules and regulations of the U.S. Securities and Exchange Commission.
BDO’s
audit reports on the Company’s consolidated financial statements as of and for the fiscal years ended December 31, 2021 and
2020 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, except BDO’s audit report contains an explanatory paragraph regarding the Company’s ability to continue
as a going concern.
During
the fiscal years ended December 31, 2021 and 2020, and the subsequent interim periods through June 9, 2022, there were (i) no
disagreements (as described in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) between the Company and BDO on any matter
of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to BDO’s
satisfaction, would have caused BDO to make reference thereto in their reports on the financial statements for such years, and (ii) no
“reportable events” within the meaning of Item 304(a)(1)(v) of Regulation S-K except that BDO advised the Company of
the existence of a material weakness as of December 31, 2021, relating to the Company’s internal control over financial reporting
as the Company does not have a sufficient complement of accounting resources to address complex accounting matters across all operating
entities and to allow timely completion of financial reporting and accounting activities, including sufficiently precise management review
controls.
The
Company provided BDO with a copy of the disclosures it is making in this Current Report on Form 8-K and requested that BDO furnish
a letter addressed to the Securities and Exchange Commission stating whether or not it agrees with the statements made herein. A copy
of BDO’s letter dated June 14, 2022, is filed as Exhibit 16.1 hereto.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Signature
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.
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Star Equity Holdings, Inc. |
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Date: |
June 14, 2022 |
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By: |
/s/ Richard K. Coleman, Jr. |
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Name: |
Richard K. Coleman, Jr. |
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Title: |
Chief Executive Officer |
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