Current Report Filing (8-k)
August 12 2022 - 4:53PM
Edgar (US Regulatory)
0000771999
false
0000771999
2022-08-09
2022-08-09
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
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): August 9, 2022
DSS,
INC.
(Exact
name of registrant as specified in its charter)
New
York |
|
001-32146 |
|
16-1229730 |
(State
or other jurisdiction
of
incorporation) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
275
Wiregrass Pkwy,
West
Henrietta, NY |
|
14586 |
(Address
of principal executive offices) |
|
(Zip
Code) |
Registrant’s
telephone number, including area code: (585) 325-3610
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 |
|
Ticker
symbol(s) |
|
Name
of each exchange on which registered |
Common
Stock, $0.02 par value per share |
|
DSS |
|
The
NYSE American LLC |
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
or Rule 12b-2 of the Securities Exchange Act of 1934.
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
4.02 Non-Reliance on Previously Issued Financial
Statements or a Related Audit Report or Completed Interim Review.
On
August 9, 2022, the Audit Committee of DSS, Inc. (the “Company”) resolved that the Company’s previously issued financial
statements, contained within its Annual Report on Form 10-K for the fiscal year ended December 31, 2021, should no longer be relied upon
due to errors in such financial statements. Therefore, a restatement of these prior financial statements is required. Accordingly, the
Company intends to restate the aforementioned financial statements by amending its annual report on Form 10-K for the fiscal year ended
December 31, 2021 as soon as reasonably practicable.
It
was discovered during the Company’s June 2022 closing procedures that Premier Packaging Corporation, Inc.’s, a wholly
owned subsidiary of the Company, inventory as of December 31, 2021 was overstated by approximately $2,119,000. The overstatement
was not addressed in the Quarterly Report on Form 10-Q for the period ended March 31, 2022. The error occurred due to unintentional errors
made when converting the inventory quantities into the unit of measure in the Company’s ERP system. As a result, the Company has
implemented new measures to ensure that this type of error does not occur again.
The
Company’s management discussed the matters disclosed in this Item 4.02 with Turner, Stone & Company L.L.P., (“Turner
Stone”), the Company’s independent registered public accounting firm.
The
information in this Item 4.02 is furnished solely pursuant to Item 4.02. Consequently, such information is not deemed “filed”
for the purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that section. Moreover,
the information in this Item 4.02 shall not be deemed to be incorporated by reference into the filings of the registrant under the Securities
Act of 1933.
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.
|
DSS, INC. |
|
|
|
August
12, 2022 |
By: |
/s/
Frank D. Heuszel |
|
Name: |
Frank
D. Heuszel |
|
Title: |
Chief
Executive Officer |
DSS (AMEX:DSS)
Historical Stock Chart
From Mar 2024 to Apr 2024
DSS (AMEX:DSS)
Historical Stock Chart
From Apr 2023 to Apr 2024