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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): January
4, 2024
PRESIDENTIAL
REALTY CORPORATION
(Exact
name of registrant as specified in its charter)
| Delaware |
|
1-8594 |
|
13-1954619 |
| (State
or other jurisdiction |
|
(Commission File
Number) |
|
(I.R.S.
Employer |
| of
incorporation) |
|
|
|
Identification
Number) |
530
Seventh Ave., Suite 407
New
York, NY |
|
10018 |
| (Address
of principal executive offices) |
|
(Zip
Code) |
Registrant’s
telephone number, including area code: (914) 948-1300
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)) |
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. ☐
Securities
registered pursuant to Section 12(b) of the act:
| Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
| |
|
|
|
|
Item
4.01. Change in Registrant’s Certifying Accountant.
On
December 18, 2023, Presidential Realty Corporation (the “Company”), finalized discussions with its independent registered
public accounting firm, Baker Tilly US, LLP (“Baker Tilly”) that it was resigning its engagement with the Company due to
staffing constraints within Baker Tilly. On January 4, 2024 Baker Tilly sent a letter notifying the SEC of its resignation and indicating
that the Company has provided Baker Tilly with a copy of the disclosure contained in this Current Report on Form 8-K. A copy of this
letter is filed as Exhibit 16.1 to this Current Report on Form 8-k.
The
Company is in the process of selecting a new independent registered public accounting public firm.
Baker
Tilly’s report on the Company’s financial statements for the fiscal years ended December 31, 2022 and 2021 contained no adverse
opinion or disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principles.
During
the Company’s fiscal years ended December 31, 2022 and 2021 and the subsequent interim period through the date of this Current
Report on Form 8-K, there were no i) “disagreements” (within the meaning of Item 304(a) of Regulation S-K) with Baker Tilly
on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure which disagreements,
if not resolved to Baker Tilly’s satisfaction, would have caused it to make reference to the subject matter of the disagreement
in connection with its reports on the financial statements of the Company; and (ii) “reportable events” (as such term is
defined in Item 304(a)(1)(v) of Regulation S-K).
Item
9.01. Financial Statements and Exhibits.
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.
| |
PRESIDENTIAL
REALTY CORPORATION |
| |
|
|
| Date:
January 4, 2024 |
By: |
/s/
Nickolas Jekogian |
| |
|
CEO |
2
