secwatch.observer — SEC 8-K summary
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Issuer:     FIRST COMMUNITY BANKSHARES INC /VA/ (FCBC)
CIK:        0000859070
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001437749-23-014679
Event type: other_material
Sentiment:  negative
Materiality: 0.55
Item codes: 4.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Community Bankshares dismisses auditor Elliott Davis over 84% fee hike, appoints Crowe LLP
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- Elliott Davis proposed $400k audit fee for 2023, an 84% increase from original $217k quote, citing desired profitability.
- Audit Committee dismissed Elliott Davis on May 9, 2023; no adverse opinions or disagreements in reports for 2022.
- Crowe LLP engaged as new independent auditor for year ending Dec 31, 2023, subject to client acceptance procedures.
- Management will abstain from voting on ratification of Elliott Davis at annual meeting; dismissal and appointment stand.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/859070/000143774923014679/0001437749-23-014679-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/859070/000143774923014679/fcbc20230515_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-014679

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