8-K: Radiant Logistics Appoints Baker Tilly as New Auditor Following Moss Adams Merger

Radiant Logistics, Inc. announced the appointment of Baker Tilly US, LLP as its new independent registered public accounting firm, succeeding Moss Adams LLP, due to a merger between Moss Adams and Baker Tilly.

Summary

• Radiant Logistics, Inc. (the "Company") was notified on June 3, 2025, that its independent registered public accounting firm, Moss Adams LLP, merged with Baker Tilly US, LLP.
• The combined audit practices now operate as Baker Tilly US, LLP, leading to Moss Adams' resignation as the Company's auditors.
• The Audit Committee of the Company's Board of Directors approved the appointment of Baker Tilly as the successor independent registered public accounting firm.
• Audit reports issued by Moss Adams for the fiscal years ended June 30, 2024, and 2023, did not contain any adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
• There were no disagreements with Moss Adams on accounting principles, financial statement disclosure, or auditing scope/procedure during the years ended June 30, 2024, and 2023, and the subsequent interim period through June 2, 2025.
• The only reportable events requiring disclosure were material weaknesses related to the recording and processing of revenues (for FY2024 and FY2023) and the design and operation of information technology general controls (for FY2023), as previously disclosed in the Company's Annual Reports on Form 10-K.
• Neither the Company nor anyone on its behalf consulted with Baker Tilly regarding accounting principles or audit opinions prior to their appointment.
• Moss Adams LLP provided a letter to the SEC, dated June 5, 2025, agreeing with the statements made by Radiant Logistics in the Form 8-K.

Sentiment

Score: 7

Explanation: The sentiment is largely neutral to slightly positive. While a change in auditor can sometimes raise concerns, this change is due to a merger, not performance issues or disagreements. The explicit confirmation of no disagreements with the prior auditor and the smooth transition, despite existing material weaknesses, indicates a well-managed administrative process.

Positives

• The transition of the independent registered public accounting firm was a result of a merger, not due to any disagreements or issues with the previous auditor, Moss Adams LLP.
• Moss Adams' audit reports for the past two fiscal years (ended June 30, 2024, and 2023) did not contain any adverse opinions, disclaimers, or qualifications.
• The Company confirmed no disagreements with Moss Adams on accounting principles, financial statement disclosure, or auditing scope/procedure during the relevant periods.
• Moss Adams formally agreed with the Company's statements in the 8-K filing, indicating a smooth and cooperative transition.

Negatives

• The Company previously disclosed material weaknesses in internal controls related to the recording and processing of revenues for both the fiscal years ended June 30, 2024, and 2023.
• For the fiscal year ended June 30, 2023, an additional material weakness was disclosed concerning the design and operation of information technology general controls.

Risks

• The previously disclosed material weaknesses in internal controls related to the recording and processing of revenues could impact the accuracy and reliability of financial reporting.
• The material weakness in the design and operation of information technology general controls for FY2023 poses a risk to the integrity and security of the Company's financial data and systems.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding the Company's future financial performance or strategic direction.

Management Comments

• Todd Macomber, Chief Financial Officer, signed the Form 8-K on behalf of Radiant Logistics, Inc.

Industry Context

Changes in auditing firms due to mergers are common in the accounting industry. This event reflects a consolidation trend among professional services firms, which can impact client relationships but typically does not signify underlying issues with the client company's financial health, provided the transition is smooth and without disagreements.

Corporate Governance

Stakeholder Impact

• Shareholders: The change in auditor due to a merger, without any reported disagreements, provides transparency and continuity in financial oversight, which can maintain investor confidence.
• Employees: No direct impact mentioned.

Key Dates

Recommendation

Keywords

Radiant Logistics, RLGT, SEC filing, 8-K, auditor change, Moss Adams, Baker Tilly, independent registered public accounting firm, material weakness, internal controls, financial reporting, corporate governance, logistics, transportation