8-K: CVD Equipment Corporation Appoints CBIZ CPAs P.C. as New Independent Auditor Following Marcum LLP Acquisition

CVD Equipment Corporation replaces its independent auditor with CBIZ CPAs P.C. after CBIZ acquired Marcum LLP's attest business.

Summary

• CVD Equipment Corporation announced a change in its independent registered public accounting firm.
• On November 1, 2024, CBIZ CPAs P.C. acquired the attest business of Marcum LLP.
• As a result, on April 25, 2025, Marcum LLP resigned as CVD Equipment Corporation's auditor.
• With the Audit Committee's approval, CBIZ CPAs P.C. was engaged as the new independent auditor.
• Marcum's reports for the fiscal years ended December 31, 2024 and 2023, did not contain any adverse opinions, disclaimers, or qualifications.
• There were no disagreements or reportable events between CVD Equipment Corporation and Marcum LLP during the relevant periods.
• CVD Equipment Corporation did not consult with CBIZ CPAs P.C. on accounting principles or audit opinions prior to the engagement.
• Marcum LLP has reviewed the company's statements and agrees with the disclosures pertaining to their firm.

Sentiment

Score: 7

Explanation: The announcement is neutral to slightly positive. The auditor change is due to an acquisition and appears to be a smooth transition with no reported issues.

Positives

• The transition to a new auditor appears smooth, with no reported disagreements or issues with the previous auditor, Marcum LLP.
• Marcum LLP's audit reports for the past two fiscal years were unqualified, suggesting sound financial reporting practices.

Industry Context

Auditor changes are common, especially following mergers and acquisitions within the accounting industry. Companies are required to disclose such changes to maintain transparency with investors.

Stakeholder Impact

• Shareholders are informed of the change in the company's independent auditor.
• The change is not expected to have a significant impact on employees or other stakeholders.

Key Dates

Keywords

auditor, CBIZ CPAs P.C., Marcum LLP, CVD Equipment Corporation, accounting firm, financial statements