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
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
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| (State or other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
(Address of principal executive offices)
(Telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:
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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:
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities 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. ☐
Item 4.01. Changes in Registrant’s Certifying Accountant.
Effective September 1, 2022, Tel-Instrument Electronics Corp.’s (the “Company”) independent registered public accounting firm, Friedman LLP (“Friedman”), combined with Marcum LLP.
On September 8, 2022, the Audit Committee of the Company approved the engagement of Marcum LLP to serve as the independent registered public accounting firm of the Company for the year ending March 31, 2023.
Friedman’s report on the Company’s consolidated financial statements for the year ended March 31, 2022 contained no adverse opinion or disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope or accounting principles.
During the Company’s two most recent fiscal years and the subsequent interim periods preceding Friedman’s merger, there were:
(i) no disagreements with Friedman on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of Friedman, would have caused it to make reference to the subject matter of the disagreements in its reports on the consolidated financial statements of the Company; and
(ii) no reportable events as defined in Item 304(a)(1)(v) of Regulation S-K.
Friedman’s transition into Marcum has progressed and Friedman formally resigned on September 8, 2022, as our independent registered public accounting firm and the services previously provided by Friedman will now be provided by Marcum LLP.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
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Exhibit Number |
Description |
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16.1 |
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104 |
Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) |
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 thereunto duly authorized.
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TEL-INSTRUMENT ELECTRONICS CORP. |
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Date: September 13, 2022 |
By: |
/s/ Pauline Romeo |
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Name: Pauline Romeo |
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Title: Principal Accounting Officer |
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Exhibit 16.1
September 13, 2022
Securities and Exchange Commission
100 F Street, NE
Washington, D.C. 20549
Commissioners:
We have read the statements made by Tel-Instrument Electronics Corp. under Item 4.01 of its Form 8-K dated September 13, 2022. We agree with the statements concerning our firm in such Form 8-K; we are not in a position to agree or disagree with other statements of Tel-Instrument Electronics Corp. contained therein.
Very truly yours,
/s/ Friedman LLP
Marlton, New Jersey
Document And Entity Information |
Sep. 08, 2022 |
|---|---|
| Document Information Line Items | |
| Entity Registrant Name | TEL-INSTRUMENT ELECTRONICS CORP. |
| Trading Symbol | N/A |
| Document Type | 8-K |
| Amendment Flag | false |
| Entity Central Index Key | 0000096885 |
| Document Period End Date | Sep. 08, 2022 |
| Entity Emerging Growth Company | false |
| Entity Incorporation, State or Country Code | NJ |
| Entity File Number | 001-31990 |
| Entity Tax Identification Number | 22-1441806 |
| Entity Address, Address Line One | One Branca Road |
| Entity Address, City or Town | East Rutherford |
| Entity Address, State or Province | NJ |
| Entity Address, Postal Zip Code | 07073 |
| City Area Code | (201) |
| Local Phone Number | 933-1600 |
| Title of 12(b) Security | N/A |
| Security Exchange Name | NONE |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
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