Fuller H B Co 8-K/A, filed Jan 27, 2020
Fuller H B Co (FUL)
About this 8-K/A
Fuller H B Co filed this 8-K/A on January 27, 2020, reporting on events of April 23, 2019.
Items reported
- Item 4.01: Change of auditor
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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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:
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Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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EXPLANATORY NOTE
This Current Report on Form 8-K/A amends the Current Report on Form 8-K, dated April 23, 2019, that was filed with the Securities and Exchange Commission (the “SEC”) on April 24, 2019 (the “Original Form 8-K”) by H.B. Fuller Company (the “Company”), concerning the Company’s decision to engage Ernst & Young LLP (“EY”) as its independent registered public accounting firm following the completion of the audit services provided by KPMG LLP (“KPMG”) for the year ending November 30, 2019 and the filing of the Company’s Annual Report on Form 10-K for the fiscal year ended November 30, 2019 (the “2019 Annual Report”) on January 24, 2020.
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Item 4.01. |
Changes in Registrant’s Certifying Accountant |
As previously announced in the Original Form 8-K, the Audit Committee of the Board of Directors of the Company approved the engagement of EY as the Company’s independent registered public accounting firm for the Company’s fiscal year ending November 28, 2020. KPMG continued as the Company’s independent registered public accounting firm for the year ended November 30, 2019. On January 24, 2020, when the Company filed the 2019 Annual Report with the SEC, KPMG completed its audit of the Company’s consolidated financial statements for such fiscal year, and the Company’s retention of KPMG as its independent registered public accounting firm with respect to the audit of the Company’s consolidated financial statements ended as of that date.
KPMG’s reports on the Company’s consolidated financial statements as of and for the fiscal years ended December 1, 2018 and November 30, 2019 did not contain any adverse opinion or disclaimer of opinion. KPMG’s report on the Company’s consolidated financial statements as of and for the fiscal year ended December 1, 2018 contained a paragraph indicating the Company elected to change its method of accounting for inventory in 2018.
During the fiscal years ended December 1, 2018 and November 30, 2019, and the subsequent interim period through January 24, 2020, the effective date of KPMG’s dismissal, there were: (i) no disagreements within the meaning of Item 304(a)(1)(iv) of Regulation S-K and the related instructions between the Company and KPMG on any matters of accounting principles or practices, financial statement disclosure, or auditing scope or procedure which, if not resolved to KPMG’s satisfaction, would have caused KPMG to make reference thereto in their reports; and (ii) no “reportable events” within the meaning of Item 304(a)(1)(v) of Regulation S-K.
The Company has requested that KPMG furnish a letter addressed to the SEC stating whether or not it agrees with the above statements. A copy of KPMG’s letter, dated January 27, 2020, is filed as Exhibit 16.1 to this Form 8-K/A.
During the fiscal years ended December 1, 2018 and November 30, 2019, and the subsequent interim period through January 24, 2020, neither the Company nor anyone on its behalf has consulted with EY 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, and neither a written report nor oral advice was provided to the Company that EY 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 and the related instructions; or (iii) any reportable event within the meaning of Item 304(a)(1)(v) of Regulation S-K.
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Item 9.01. |
Financial Statements and Exhibits. |
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(d) |
Exhibits. |
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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) |
SIGNATURE
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 hereunto duly authorized.
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H.B. FULLER COMPANY |
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By: |
/s/ John J. Corkrean |
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John J. Corkrean |
Date: January 27, 2020
3
Exhibit 16.1
January 27, 2020
Securities and Exchange Commission
Washington, D.C. 20549
Ladies and Gentlemen:
We were previously principal accountants for H.B. Fuller Company and, under the date of January 24, 2020, we reported on the consolidated financial statements of H.B. Fuller Company as of and for the years ended November 30, 2019 and December 1, 2019, and the effectiveness of internal control over financial reporting as of November 30, 2019. On April 23, 2019, we were notified that H.B. Fuller Company engaged Ernst & Young LLP as its principal accountant for the year ending November 28, 2020 and that the auditor-client relationship with KPMG LLP will cease upon completion of the audit of H.B. Fuller Company’s consolidated financial statements as of and for the year ended November 30, 2019, and the effectiveness of internal control over financial reporting as of November 30, 2019, and the issuance of our report thereon. On January 24, 2020, we completed our audit and the auditor-client relationship ceased. We have read H.B. Fuller Company’s statements included under Item 4.01 of its Form 8-K/A dated January 27, 2020, and we agree with such statements, except that we are not in a position to agree or disagree with H.B. Fuller Company’s statement that Ernst & Young LLP was not consulted regarding the application of accounting principles to a specific transaction, either completed or proposed, or the type of audit opinion that might be rendered on H.B. Fuller Company’s consolidated financial statements, and neither a written report nor oral advice was provided to H.B. Fuller Company that Ernst & Young LLP concluded was an important factor considered by H.B. Fuller Company in reaching a decision as to any accounting, auditing, or financial reporting issue.
Very truly yours,
/s/ KPMG LLP