On what date did Ledgers announce the resignation of KPMG as their independent registered public accounting firm?

According to Ledgers' 2025 Franchise Disclosure Document, the company issued a press release on December 11, 2017, announcing the resignation of KPMG as their independent registered public accounting firm. The FDD also notes that Ledgers delayed the filing of its Quarterly Report on Form 10-Q for the quarter ended October 31, 2017. A copy of the press release is attached as Exhibit 99.1 to the Current Report on Form 8-K and is incorporated by reference.

This announcement indicates a significant event in the company's financial oversight and reporting. The resignation of an independent auditor like KPMG can raise concerns among investors and stakeholders about the company's financial controls and transparency. For a prospective franchisee, this historical event highlights the importance of due diligence and careful review of the company's financial history and governance practices.

It is important to note that the resignation was related to concerns about the actions of the former Chief Executive Officer, John T. Hewitt, and his continued influence over the company. While this event occurred in the past, it underscores the need for franchisees to assess the current management structure and internal controls of Ledgers to ensure stability and ethical business practices. Franchisees should also review any subsequent audits or financial statements to understand how Ledgers addressed the issues raised by KPMG's resignation and whether the company has implemented measures to prevent similar situations from occurring in the future.