Farmland Partners Inc. filed SEC Form 8-K: Changes in Registrant's Certifying Accountant, Financial Statements and Exhibits
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| Item 4.01. | Changes in Registrant’s Certifying Accountant. |
During late 2024 and early 2025, the Audit Committee (the “Audit Committee”) of the Board of Directors of Farmland Partners Inc. (the “Company”) solicited proposals from several accounting firms and conducted an evaluation process in connection with the selection of the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025. As a result of such evaluation, on February 25, 2025, the Audit Committee elected to (i) dismiss Plante & Moran, PLLC (“Plante Moran”) as the Company’s independent registered public accounting firm, at which time the auditor-client relationship with Plante Moran effectively ceased, and (ii) engage Crowe LLP (“Crowe”) as the Company’s new independent registered public accounting firm, effective as of February 25, 2025. The Company notified Plante Moran of such action on February 25, 2025.
The audit reports of Plante Moran on the Company’s financial statements as of and for the fiscal years ended December 31, 2024 and 2023 did not contain any adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles. In addition, during the fiscal years ended December 31, 2024 and December 31, 2023, as well as during the subsequent interim period preceding February 25, 2025, there were no (i) “disagreements” (as that term is defined in Item 304(a)(1)(iv) of Regulation S-K and related instructions) between the Company and Plante Moran with respect to any matter relating to accounting principles or practices, financial statement disclosure or auditing scope or procedures which, if not resolved to the satisfaction of Plante Moran, would have caused Plante Moran to make reference to the subject matter of the disagreement in its reports on the Company’s financial statements with respect to such periods; or (ii) “reportable events” (as that term is defined in Item 304(a)(1)(v) of Regulation S-K and the related instructions).
The Company has provided Plante Moran with a copy of this Current Report on Form 8-K and requested that Plante Moran provide the Company with a letter addressed to the SEC stating whether Plante Moran agrees with the above disclosures. A copy of Plante Moran’s letter dated February 27, 2025 is attached hereto as Exhibit 16.1.
During the fiscal years ended December 31, 2024 and December 31, 2023, and the subsequent interim period through February 25, 2025, the effective date of the Company’s engagement of Crowe, neither the Company nor anyone on the Company’s behalf consulted with Crowe on either (1) the application of accounting principles to a specified transaction, either completed or proposed; or the type of audit opinion that may be rendered on the Company’s financial statements, and Crowe did not provide either a written report or oral advice to the Company that Crowe concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing, or financial reporting issue; or (2) any matter that was either the subject of a disagreement, as defined in Item 304(a)(1)(iv) of Regulation S-K, or a reportable event, as described in Item 304(a)(1)(v) of Regulation S-K.
| Item 9.01. | Financial Statements and Exhibits. |
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Exhibit |
Description | |
| 16.1 | Letter of Plante & Moran, PLLC to the Securities and Exchange Commission dated February 27, 2025. | |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) | |
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.
| FARMLAND PARTNERS INC. | ||
| February 28, 2025 | By: |
/s/ Luca Fabbri |
| Luca Fabbri | ||
| President and Chief Executive Officer | ||