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Quotes & Info
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| PMBC > SEC Filings for PMBC > Form 8-K on 22-Jun-2009 | All Recent SEC Filings |
22-Jun-2009
Changes in Registrant's Certifying Accountant, Financial Statements an
(a) Dismissal of Independent Public Accountants.
On June 17, 2009 we dismissed Grant Thornton, LLP ("Grant Thornton"), as the Company's independent registered public accounting firm. The dismissal was approved by the Audit Committee of our Board of Directors.
The audit reports of Grant Thornton on our financial statements for fiscal years ended December 31, 2008 and 2007 contained no adverse opinion or disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principles.
During the period from January 1, 2007 to the date of this Report, there have been no disagreements between us and Grant Thornton on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedures which, if not resolved to Grant Thornton's satisfaction, would have caused it to make reference to the subject matter of the disagreement in connection with its reports.
During the period from January 1, 2007 to the date of this Report, there have been no reportable events as defined in Item 304(a)(1)(v) of Regulation S-K.
We have provided Grant Thornton with a copy of this disclosure and requested Grant Thornton to furnish us with a letter addressed to the Securities and Exchange Commission stating whether Grant Thornton agrees with the statements that we have made in this Report regarding Grant Thornton. A copy of Grant Thornton's letter is attached to this Report as Exhibit 16.1.
(b) Engagement of New Independent Public Accountants.
On June 17, 2009, we engaged Squar, Milner, Peterson, Miranda & Williamson, LLP ("Squar Milner") to serve as the Company's independent registered public accounting firm for the remainder of fiscal 2009 and to conduct the audit of our annual consolidated financial statements for the fiscal year ending December 31, 2009. Squar Milner's engagement was approved by our Audit Committee, which had obtained audit services proposals from a number of independent public accounting firms, including Squar Milner and Grant Thornton.
During the period from January 1, 2007 to the date of this Report, neither the
Company, nor anyone acting on its behalf, consulted with Squar Milner regarding
(i) the application of accounting principles to a specified transaction, either
completed or proposed, or the type of audit opinion that might be rendered on
the Company's financial statements, or (ii) any of the matters or events set
forth in Item 304(a)(2)(ii) of Regulation S-K.
(d) Exhibits.
The following exhibit is being filed with this Form 8-K:
16.1 Letter dated June 19, 2009 from Grant Thornton LLP to the Securities and
Exchange Commission as to the statements regarding Grant Thornton included
in this Current Report on Form 8-K.
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