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FMAO > SEC Filings for FMAO > Form 8-K on 26-Feb-2014All Recent SEC Filings

Show all filings for FARMERS & MERCHANTS BANCORP INC

Form 8-K for FARMERS & MERCHANTS BANCORP INC


26-Feb-2014

Changes in Registrant's Certifying Accountant, Financial Statemen


Item 4.01 Change in Registrant's Certifying Accountant.

On February 21, 2014, the Board of Directors of Farmers & Merchants Bancorp, Inc. (the "Company") and the Board Audit Committee selected BKD, LLP to be appointed as the Company's independent registered public accounting firm commencing with the quarter ended March 31, 2014. This appointment is subject to BKD, LLP completing their client acceptance procedures. The decision to change auditors was the result of a request for proposal process in which the Company evaluated the credentials of several firms.

During the Company's two most recent fiscal years ended December 31, 2013 and 2012 and through February 21, 2014, neither the Company nor anyone on its behalf has consulted BKD, LLP with respect to either (1) 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 consolidated financial statements, and neither a written report nor oral advice was provided to the Company that BKD, LLP concluded was an important factor considered by the Company in reaching a decision as to any accounting, auditing or financial reporting issue; or (ii) any matter that was either the subject of a disagreement (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions to Item 304 of Regulation S-K) or a reportable event (as defined in Item 304(a)(1)(v) of Regulation S-K).

In connection with the selection of BKD, LLP, on February 21, 2014, the Board of Directors and its Audit Committee also dismissed Plante & Moran, PLLC as the Company's independent registered public accounting firm. The Company has given permission to Plante & Moran, PLLC to respond fully to the inquiries of the successor auditor.

The audit reports of Plante & Moran, PLLC on the Company's consolidated financial statements as of and for the years ended December 31, 2013 and 2012 did not contain an adverse opinion or a disclaimer of an opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principles. The audit reports of Plante & Moran, PLLC on the effectiveness of internal control over financial reporting as of December 31, 2013 and 2012 did not contain any adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles.

During the fiscal years ended December 31, 2013 and 2012 and from January 1, 2014 through February 21, 2014, there were no disagreements (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions to Item 304 of Regulation S-K) with Plante & Moran, PLLC on any matter of accounting principles or practices, financial statement disclosure or audit scope or procedures, which disagreements, if not resolved to the satisfaction of Plante & Moran, PLLC, would have caused Plante & Moran, PLLC to make reference to the subject matter of the disagreements in its audit reports on the Company's consolidated financial statements for such years.

During the years ended December 31, 2013 and 2012 and the subsequent interim periods through February 21, 2014, there were no reportable events (as defined in Item 304(a)(1)(v) of Regulation S-K).

The Company has provided Plante & Moran, PLLC with a copy of the above disclosures and has requested that Plante & Moran, PLLC furnish the Company a letter addressed to the SEC stating whether or not it agrees with the statements made above. A copy of Plante & Moran, PLLC's letter dated February 25, 2014 is attached as Exhibit 16.1 to this Report.



Item 9.01 Financial Statements and Exhibits.

Exhibit
No. Description

16.1 Letter from Plante & Moran, PLLC date February 25, 2014


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