Where can I find a copy of the Ledgers press release announcing KPMG's resignation?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
ith the statements made by the Company in this Current Report on Form 8-K and, if not, stating the respects in which it does not agree. A copy of KPMG's letter, dated December 11, 2017, confirming KPMG's agreement with these statements is filed as Exhibit 16.1 to this Current Report on Form 8-K.
Item 8.01. Other Events.
On December 11, 2017, the Company issued a press release announcing the resignation of KPMG as the Company's independent registered public accounting firm and that the Company will delay 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 hereto as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, the press release announcing KPMG's resignation as the independent registered public accounting firm is attached as Exhibit 99.1 to the Current Report on Form 8-K. This press release was dated December 11, 2017. The report also mentions that the company publicly disclosed KPMG's resignation in a Form 8-K filed with the SEC on December 11, 2017.
This information is relevant to potential Ledgers franchisees because it provides insight into past financial and auditing issues that have affected the company. The resignation of an independent auditor like KPMG can sometimes signal underlying problems within a company's financial controls or management integrity.
Prospective franchisees should review the Form 8-K and the attached press release to understand the specific reasons for KPMG's resignation and any potential impact on Ledgers' financial stability and reporting practices. It would also be prudent to inquire about subsequent audits and financial reports to assess the current financial health and governance of the company.