Attached files
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| EX-16 - LETTER FROM CERTIFYING ACCOUNTANT - Capital Financial Holdings, Inc | cpfh_ex16.htm |
UNITED STATES OF AMERICA
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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 earliest event reported): March 31,
2017
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CAPITAL FINANCIAL HOLDINGS, INC.
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(Exact
name of registrant as specified in its charter)
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North
Dakota
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0-25958
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45-0404061
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(State
or other jurisdiction of incorporation)
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(Commission
FileNumber)
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(IRS
Employer Identification No.)
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1 Main
Street North, Minot, North Dakota
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58703
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant's
telephone number, including area code: (701) 837-9600
(Former
name or former address, if changed since last report)
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))
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Item 4.01 Changes in Registrant’s Certifying
Accountant
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The
audit committee of the Board of Directors of Capital Financial
Holdings, Inc. (“CFH”) annually considers and
recommends to the full Board the selection of independent public
accountants. After an evaluation process, as recommended by
CFH’s Audit Committee on March 31, 2017, the Board of
Directors appointed Dave Banerjee CPA, an Accountancy Corporation
(“DBCPA”) as CFH’s independent auditors for the
2017 fiscal year, replacing Hein & Associates LLP
(“Hein”). DBCPA’s address is 21860 Burbank Blvd.,
Suite 150, Woodland Hills, CA 91367.
This
action effectively accepts Hein’s resignation as the
Company’s independent auditor for the fiscal year that will
commence on January 1, 2017. The report of Hein on the
Company’s consolidated financial statements for the years
ended December 31, 2016 and 2015 did not contain an adverse opinion
or a disclaimer of opinion and was not qualified or modified as to
uncertainty, audit scope, or account principles. We do not
anticipate that this will change with respect to CFH’s
financial statements for the 2017 year.
For the
years ended December 31, 2016 and 2015 and through the date of this
Form 8-K, there have been no disagreements with Hein on any matter
of accounting principles or practices, financial statement
disclosure or auditing scope or procedure, which disagreements if
not resolved to Hein’s satisfaction would have cause them to
make reference to the subject matter of the disagreement in
connection with their reports. For the years ended December 31,
2015 and 2016 and through the date of this Form 8-K, there were no
“reportable events” as that term is described in Item
304(a)(1)(v) of Regulation S-K.
CFH has
provided Hein with a copy of the Form 8-K and CFH has requested
that Hein furnish a letter addressed to the Commission stating
whether it agrees with the statements above.
For the
years ended December 31, 2015 and 2016 and through the date of this
Form 8-K, neither CFH nor anyone on CFH’s behalf consulted
DBCPA with respect to the application of accounting principles to a
specified transaction, either completed or proposed, or the type of
audit opinion that might be rendered on CFH’s consolidated
financial statements, or any other matters or reportable events as
defined in Item 304(a)(2)(i) and (ii) of Regulation S-K. DBCPA has
been asked to review this disclosure and DBCPA has been provided an
opportunity to furnish a letter to the SEC containing any new
information, clarification, or disagreement with the statements
made herein.
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Item 9.01 Financial Statements and Exhibits
Exhibit
16 Letter from certifying accountant
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.
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CAPITAL FINANCIAL HOLDINGS, INC. |
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Dated: April 3,
2017
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By:
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/s/
John
Carlson
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John
Carlson
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CEO &
President
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