|
Item 4.01
|
Change in Registrant’s Certifying Accountant
|
On December 8, 2015, the Audit Committee (the “Audit Committee”) of the Board of Directors of Trans-Lux Corporation, a Delaware corporation (the “Company”), approved the engagement of Marcum LLP (“Marcum”) as the Company’s independent registered public accounting firm for the Company’s fiscal year ending December 31, 2015, effective immediately, and dismissed BDO USA, LLP (“BDO”) as the Company's independent registered public accounting firm. The change in the Company’s independent registered public accounting firm was made to reduce the fees payable by the Company in connection with the audit of its financial statements for the fiscal year ending December 31, 2015.
BDO’s audit reports on the Company’s consolidated financial statements as of and for the fiscal years ended December 31, 2014 and 2013 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 that BDO’s audit reports stated that such financial statements have been prepared assuming that the Company will continue as a going concern.
During the fiscal years ended December 31, 2014, and 2013, and the subsequent interim periods through December 8, 2015, 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.
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 December 10, 2015, is filed as Exhibit 16.1 hereto.
During the fiscal years ended December 31, 2014, and 2013, and the subsequent interim periods through December 8, 2015, neither the Company nor anyone acting on its behalf has consulted with Marcum regarding (i) the application of accounting principles to a specific transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company’s financial statements or the effectiveness of internal control over financial reporting, and neither a written report or oral advice was provided to the Company that Marcum concluded was an important factor considered by the Company in reaching a decision as to any accounting, auditing, or financial reporting issue, (ii) any matter that was the subject of a disagreement within the meaning of Item 304(a)(1)(iv) of Regulation S-K, or (iii) any reportable event within the meaning of Item 304(a)(1)(v) of Regulation S-K.
|
Item 9.01
|
Financial Statements and Exhibits.
|
|
|
16.1
|
Letter of BDO USA, LLP dated December 10, 2015.
|
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:
|
TRANS-LUX CORPORATION
|
| |
| |
|
By:
|
|
|
Robert J. Conologue
|
|
Senior Vice President and
|
|
Chief Financial Officer
|
| |
|
By:
|
|
|
Todd Dupee
|
|
Vice President, Finance and Controller
|
Dated: December 10, 2015