20-F/A: Birks Group Files Amendment No. 1 to 20-F for Fiscal Year Ended March 30, 2024, Including Auditor's Signature
20-F/A Filing
Birks Group files an amendment to its annual report to include the auditor's signature and updated certifications from the CEO and CFO.
Summary
- Birks Group Inc. filed Amendment No. 1 to its annual report on Form 20-F for the fiscal year ended March 30, 2024.
- The amendment includes the auditor's signature on the Report of Independent Registered Public Accounting Firm, which was inadvertently excluded from the original filing.
- The filing also includes Item 18, Financial Statements, and updated certifications from the company's principal executive officer and principal financial officer.
- There have been no changes to the company's financial statements as set forth in the original filing.
- The amendment speaks as of the filing date of the original filing, and does not amend, update, or restate any other information or disclosure included in the original filing, or reflect any events that have occurred since that date.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing, so the sentiment is neutral. The inclusion of the auditor's signature is a positive step for compliance.
Future Outlook
The amendment does not contain any forward-looking statements or guidance.
Industry Context
This is a standard regulatory filing update to ensure compliance with SEC requirements.
Key Dates
| Date | Description |
|---|---|
| 2000 | KPMG LLP has served as the Company's auditor since 2000. |
| 2005-11-14 | Restated Articles of Incorporation of Birks Group Inc., effective as of November 14, 2005. |
| 2016-01-01 | Effective January 1, 2016, the Company entered into a management consulting services agreement with Gestofi S.A. |
| 2017-01-01 | Effective January 1, 2017, the Company agreed to total annual compensation of 250,000 (approximately $388,000 in Canadian dollars), with Mr. Niccol Rossi di Montelera in connection with his appointment as Executive Chairman of the Board and Chairman of the Executive Committee. |
| 2018-03-28 | On March 28, 2018, the Company's Board of Directors approved the Company's entry into a consulting services agreement with Carlo Coda Nunziante effective April 1, 2018. |
| 2020-03-12 | Amended Credit Facility Member |
| 2020-07-08 | On July 8, 2020, the Company secured a six-year term loan with Investissement Qubec, in the amount of $10.0 million, as amended. |
| 2021-04-16 | RmbgRetailVancouverUlcMember |
| 2021-06-26 | TermLoanFromBusinessDevelopmentBankOfCanadaMember |
| 2021-07-20 | TermLoanFromInvestmentQuebecMember |
| 2021-08-24 | On August 24, 2021, the Company entered into a 10-year loan agreement with Investissement Qubec for an amount of up to $4.3 million to be used specifically to finance the digital transformation of the Company through the implementation of an omni-channel e-commerce platform and enterprise resource planning system. |
| 2021-09-16 | CashSettledDeferredShareUnitsMember |
| 2021-12-20 | CashSettledRestrictedStockUnitsMember |
| 2021-12-24 | On December 24, 2021, the Company entered into an amended and restated senior secured revolving credit facility (Amended Credit Facility) with Wells Fargo Capital Finance Corporation Canada and an amended and restated senior secured term loan (Amended Term Loan) with Crystal Financial LLC (dba SLR Credit Solutions) (SLR). |
| 2022-01-11 | On January 11, 2022, the Omnibus LTIP was amended to increase the number of the Company's Class A voting shares reserved for issuance under the Omnibus LTIP from 1,000,000 to 1,500,000. |
| 2022-09-21 | CashSettledDeferredShareUnitsMember |
| 2023-01-04 | InvestissementQubecMember |
| 2023-03-25 | Fiscal year ended March 25, 2023. |
| 2023-03-26 | NonAccrualMember |
| 2023-03-30 | 2023-03-30 |
| 2023-07-14 | CapitalLeaseFinancingMember |
| 2023-08-31 | SupplierFinancingProgrammeOneMember |
| 2023-10-01 | CashSettledDeferredShareUnitsMember |
| 2024-01-21 | TermLoanMember |
| 2024-02-01 | VarileaseFinanceIncMember |
| 2024-02-14 | SupplierFinancingProgrammeTwoMember |
| 2024-03-30 | Fiscal year ended March 30, 2024. |
| 2024-03-31 | CapitalLeaseFinancingFinancingWithVarileaseFinanceForStoreRenovationMember |
| 2024-06-03 | CapitalLeaseFinancingFinancingWithVarileaseFinanceForStoreRenovationMember |
| 2024-06-20 | TerminationLeaseAgreementMember |
| 2024-06-26 | AmendedAndRestatedSeniorSecuredRevolvingCreditFacilityWithWellsFargoCanadaMember |
| 2024-07-15 | MangroveHoldingSAMember |
| 2024-07-16 | Montreal, Canada July 16, 2024 |
| 2024-07-18 | Date: July 18, 2024 |
| 2025-03-29 | LoanFromInvestmentOfQuebecOneMember |
Keywords
20-F, Amendment, Annual Report, Financial Statements, Auditor Signature, Birks Group
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