Attached files
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EX-16.1 - EXHIBIT 16.1 - MODIV INC. | v446053_ex16-1.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of the earliest event reported): June 10, 2016
RICH UNCLES NNN REIT, INC.
(Exact name of registrant as specified in its charter)
California | 333-205684 | 47-4156046 |
(State or other
jurisdiction of incorporation or organization) |
(Commission File Number)
|
(I.R.S.
Employer |
3080 Bristol Street, Suite 550, Costa Mesa, CA 92626 (Address of principal executive offices) (Zip Code)
(323) 264-5200 (Registrant’s telephone number, including area code) |
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:
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 4.01. Changes in Registrant’s Certifying Accountant
(a) Dismissal of Independent Registered Public Accounting Firm
The Board of Directors (the “Board”) of Rich Uncles NNN REIT, Inc. (the “Company”) has completed a competitive process to determine the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2016. As a result of this process, the Board approved the engagement of Ernst & Young LLP (“EY”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2016. The Company has informed Anton & Chia (“A&C”) that it has been dismissed as the Company’s independent registered public accounting firm.
The reports of A&C on the Company’s consolidated financial statements for its first fiscal year ended December 31, 2015 did not contain an adverse opinion or a disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles generally accepted in the United States (“GAAP”).
During the Company’s first fiscal year ended December 31, 2015, and during the subsequent interim reporting period prior to the engagement of EY, there were (1) no disagreements with A&C on any matter of GAAP or practices, financial statement disclosures, or auditing scope or procedures, which disagreements, if not resolved to the satisfaction of A&C would have caused A&C to make reference to the subject matter of the disagreements in connection with its reports, and (2) no events of the type listed in paragraphs (A) through (D) of Item 304(a)(1)(v) of Regulation S-K.
The Company provided A&C with a copy of this Current Report on Form 8-K prior to its filing with the Securities and Exchange Commission (“SEC”) and requested that A&C furnish the Company with a letter addressed to the SEC stating whether or not A&C agrees with the above statements. The letter from A&C is filed with this Current Report on Form 8-K as Exhibit 16.1.
(b) Engagement of New Independent Registered Public Accounting Firm
As set forth above, concurrent with the decision to dismiss A&C as the Company’s independent registered public accounting firm, the Board approved the engagement of EY as the Company’s new independent registered public accounting firm and the Company formally engaged EY as its independent registered public accounting firm.
During the Company’s first fiscal year ended December 31, 2015, and during the subsequent interim period through the engagement of EY, nor anyone on its behalf, has consulted EY with respect to (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 consolidated financial statements, and neither a written report was provided to the Company 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 the 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) or a reportable event (as described in Item 304(a)(1)(v) of Regulation S-K).
Item 9.01. Financial Statements and Exhibits
(d) | Exhibits |
Exhibit No. | Description |
16.1 | Letter of Anton & Chia, LLP to the Securities and Exchange Commission dated August 3, 2016. |
SIGNATURES
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.
Date: August 3, 2016 | RICH UNCLES NNN REIT, INC. | |
By: | /s/ JEAN HO | |
Jean Ho Chief Financial Officer |