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Cybernet Data Systems Inc.

South Plains Financial Inc. Appoints New Independent Registered Public Accounting Firm

Strategic Insights

— 1 min read

South Plains Financial Inc., a bank holding company, has completed a competitive process to review the appointment of its independent registered public accounting firm for the fiscal year ending December 31, 2022. Following a careful deliberation, the Audit Committee approved the dismissal of Weaver and Tidwell, L.L.P. and the appointment of BKD, LLP as the new independent registered public accounting firm, effective December 31, 2021. The transition was communicated to Weaver on October 21, 2021, and to BKD on October 22, 2021.

Key Takeaways:

  • South Plains Financial Inc. has dismissed Weaver and Tidwell, L.L.P. as its independent registered public accounting firm, effective December 31, 2021.
  • The company has appointed BKD, LLP as its new independent registered public accounting firm for the fiscal year ending December 31, 2022.
  • The transition was communicated to Weaver on October 21, 2021, and to BKD on October 22, 2021.
  • Weaver's reports on the company's consolidated financial statements for the fiscal years ended December 31, 2019 and December 31, 2020 did not contain an adverse opinion or disclaimer of opinion.
  • During the company's two most recent fiscal years and the subsequent interim period through October 21, 2021, there were no comments from the accounting firm on the company's financial statements.
  • The company has provided Weaver with a copy of this Form 8-K prior to its filing with the U.S. Securities and Exchange Commission ("SEC").

Statistics:

  • The company's current independent registered public accounting firm is BKD, LLP.
  • The company's previous independent registered public accounting firm was Weaver and Tidwell, L.L.P.
  • The transition to BKD began on December 31, 2021.
  • The company has one audit committee.
  • The audit committee has completed a competitive process to review the appointment of the company's independent registered public accounting firm.

Sources:

  • Form 8-K filed with the SEC by South Plains Financial Inc. on October 26, 2021.
  • Letter from Weaver and Tidwell, L.L.P. dated October 26, 2021.

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