other material
confidence high
sentiment neutral
materiality 0.40
ASTROTECH Corp (ASTC): auditor change — Astrotech's auditor Armanino LLP resigns due to decision to cease serving public companies
ASTROTECH Corp
- Armanino LLP resigned as independent auditor effective after filing FY2023 10-K, citing a decision to stop serving public companies.
- Resignation was voluntary, not recommended by Board or Audit Committee; no disagreements or reportable events with Armanino.
- Company will initiate search for a replacement auditor, expects to complete selection in Q1 FY2024.
- Armanino's reports for FY2021 and FY2022 were unqualified, with no adverse opinions or modifications.
- Armanino provided a letter (Exhibit 16.1) agreeing with the company's disclosures in this 8-K.