Chicago Rivet & Machine dismisses Crowe, hires Cherry Bekaert; prior audit contained going-concern paragraph

CHICAGO RIVET & MACHINE CO

Board dismissed Crowe LLP effective May 27, 2025; new auditor Cherry Bekaert engaged for FY 2025.
Crowe's 2024 report included a going-concern emphasis paragraph citing declining revenues, recurring losses, and reduced liquidity.
Material weakness in inventory valuation control not yet remediated; income tax weakness remediated as of June 30, 2024.
No disagreements with Crowe on accounting principles or audit scope during the prior two fiscal years.

item 4.01

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