UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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 Change in Registrant’s Certifying Accountant.
(a) Previous independent registered public accounting firm
On April 22, 2024 (the “Termination Date”), Shiftpixy Inc. (the “Company”) terminated Marcum LLP (the “Former Auditor”) as the independent registered public accounting firm of the Company.
Other than an explanatory paragraph included in the Former Auditor’s audit report for the Registrant’s fiscal years ended August 31, 2023 and 2022 relating to the uncertainty of the Company’s ability to continue as a going concern, and an emphasis of matter paragraph related to the risks and uncertainties of the Company’s delinquent payroll liabilities and associated penalties and interest, the audit reports of the Former Auditor on the Company’s financial statements for the fiscal years ended August 31, 2023 and 2022 did not contain an adverse opinion or disclaimer of opinion, and such reports were not qualified or modified as to uncertainty, audit scope, or accounting principle.
During the years ended August 31, 2023 and 2022 and through the date of this Current Report on Form 8-K, the Company has not had any disagreements with the Former Auditor on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the Former Auditor’s satisfaction, would have caused them to make reference thereto in their reports on the Company’s financial statements for such years.
During the years ended August 31, 2023, and 2022 and through the date of this Current Report on Form 8-K, there were no reportable events, as defined in Item 304(a)(1)(v) of Regulation S-K.
The Company has requested that our Former Auditor furnish us with a letter addressed to the Securities and Exchange Commission stating whether it agrees with the above statements. A copy of this letter is attached hereto to this amendment to Form 8-K as Exhibit 16.1.
(b) New independent registered public accounting firm
On April 22, 2024 (the “Engagement Date”), the audit committee approved the engagement of Rose, Snyder & Jacobs, LLP (“New Auditor” or “RSJ”) as the Company’s independent registered public accounting firm for the Company’s fiscal year ended August 31, 2024, subject to RSJ’s completion of its client acceptance process. The decision to engage the New Auditor as the Company’s independent registered public accounting firm was approved by the Company’s Board of Directors.
During the two most recent fiscal years and through the Engagement Date, the Company has not consulted with the New Auditor regarding either:
1. application of accounting principles to any specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company’s financial statements, and neither a written report was provided to the Company nor oral advice was provided that the New Auditor 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 Regulation S-K, Item 304(a)(1) (iv) and the related instructions) or reportable event (as defined in Regulation S-K, Item 304(a)(1)(v)).
Item 9.01 Financial Statements and Exhibits.
Exhibit
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104 |
| Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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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.
SHIFTPIXY, INC. | |||
Date: April 24, 2024 | By: | /s/ Scott W. Absher | |
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| Scott W. Absher | |
Chief Executive Officer |
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