false 0000814676 0000814676 2024-10-11 2024-10-11
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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): October 11, 2024
 
CPS TECHNOLOGIES CORP.
(Exact Name of Registrant as Specified in its Charter)
 
Delaware
0-16088
04-2832509
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
   
111 South Worcester Street, Norton, Massachusetts
02766
(Address of principal executive offices)
(Zip Code)
   
(Registrant’s telephone number, including area code):
508-222-0614
 
(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 (see General Instruction A.2. below):
 
☐
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)).
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
Securities registered pursuant to Section(b) of the Act:
 
Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered
Common Stock, $0.01 par value CPSH NASDAQ Capital Markets
 
 
 
 
Item 4.01. Changes in Registrant’s Certifying Accountants
 
 
(a)
Dismissal of Previous Independent Registered Public Accounting Firm
 
On October 11, 2024, the Audit Committee (the “Audit Committee”) of the Board of Directors of CPS Technologies Corp. (the “Company”) dismissed Wolf & Company, P.C. (“Wolf”) as the Company’s independent registered public accounting firm, effective with the completion of the Review of the Company’s Form 10-Q for the quarter ended September 28, 2024. The dismissal was not related to any disagreements with Wolf on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure. Other than as described below, the reports of Wolf on the consolidated financial statements of the Company as of and for the fiscal years ended December 30, 2023 and December 31, 2022 did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope, or accounting principles.
 
During the fiscal years ended December 30, 2023 and December 31, 2022, and during the interim periods through June 29, 2024, there were (i) no disagreements within the meaning of Item 304(a)(1)(iv) of Regulation S-K between the Company and Wolf on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, any of which, if not resolved to Wolf’s satisfaction, would have caused Wolf to make reference thereto in their reports, and (ii) no “reportable events” within the meaning of Item 304(a)(1)(v) of Regulation S-K.
 
The Company provided Wolf with a copy of the disclosures it is making in this Current Report on Form 8-K and requested that Wolf furnish the Company with a letter addressed to the SEC stating whether it agrees with the statements made herein and, if not, stating the respects in which it does not agree. A copy of such letter provided by Wolf, dated October 16, 2024, is filed as Exhibit 16.1 to this Current Report on Form 8-K.
 
 
(16)
Appointment of New Independent Registered Public Accounting Firm
 
On October 10, 2024, the Audit Committee approved the engagement of PKF O’Connor Davies (“PKFOD”) as the Company’s independent registered public accounting firm for the fiscal year ending December 28, 2024, subject to the completion of PKFOD’s client acceptance procedures.
 
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
 
Exhibit Number Description
   
16.1 Letter from Wolf & Company, P.C., dated October 16, 2024
104 The cover page on this Current Report on Form 8-K, formatted in Inline XBRL
 
SIGNATURE
 
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 thereunto duly authorized.
 
CPS Technologies Corp.
(Registrant)
Date: October 16, 2024
/s/ Charles Griffith
Charles Griffith
Chief Financial Officer
 
 

Exhibit 16.1

 

pic1.jpg 

 

 

 

October 16, 2024

 

 

Securities and Exchange Commission

Office of the Chief Accountant of the SEC

100 F St NE

Washington, D.C. 20549

 

 

Dear Ladies and Gentlemen:

 

 

Effective with the completion of our review of the Company’s Form 10-Q for the quarter ended September 28, 2024, we will become the former independent registered public accounting firm for CPS Technologies Corp. (the “Company”). We have read the Company’s statements included under Item 4.01(a) of its Form 8-K filed on October 16, 2024 and we agree with such statements concerning our firm.

 

 

/s/ Wolf & Company, P.C.

 

 

 
v3.24.3
Document And Entity Information
Oct. 11, 2024
Document Information [Line Items]  
Entity, Registrant Name CPS TECHNOLOGIES CORP.
Document, Type 8-K
Document, Period End Date Oct. 11, 2024
Entity, Incorporation, State or Country Code DE
Entity, File Number 0-16088
Entity, Tax Identification Number 04-2832509
Entity, Address, Address Line One 111 South Worcester Street
Entity, Address, City or Town Norton
Entity, Address, State or Province MA
Entity, Address, Postal Zip Code 02766
City Area Code 508
Local Phone Number 222-0614
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity, Emerging Growth Company false
Title of 12(b) Security Common Stock
Trading Symbol CPSH
Security Exchange Name NASDAQ
Amendment Flag false
Entity, Central Index Key 0000814676
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