Item 4.01 Change in Registrant’s Certifying Accountant.
(a) On March 4, 2016, the Audit Committee of the Board of Directors (the “Audit Committee”) of Delta Apparel, Inc. (the “Company”) dismissed KPMG LLP ("KPMG") as the Company’s independent registered public accounting firm.
The audit reports of KPMG on the Company’s consolidated financial statements for the fiscal years ended October 3, 2015, and September 27, 2014, 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. The audit reports of KPMG on the effectiveness of the Company’s internal control over financial reporting as of October 3, 2015, and September 27, 2014, did not contain an adverse opinion or disclaimer of opinion, nor were they qualified or modified.
During the fiscal years ended October 3, 2015, and September 27, 2014, and the subsequent interim period through March 4, 2016, there were no (i) “disagreements” (as that term is described in Item 304(a)(1)(iv) of Regulation S-K) with KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to KPMG’s satisfaction, would have caused KPMG to make reference to the subject matter thereof in its reports for such fiscal years and subsequent interim period, or (ii) “reportable events” as that term is described in Item 304(a)(1)(v) of Regulation S-K.
The Company provided KPMG with a copy of the disclosures it is making in this Current Report on Form 8-K and requested that KPMG furnish a letter addressed to the Securities and Exchange Commission stating whether it agrees with such disclosures. A copy of KPMG’s letter, dated March 8, 2016, is filed herewith as Exhibit 16.1.
(b) On March 4, 2016, the Audit Committee approved the appointment of Ernst & Young LLP (“EY”) as the Company’s independent registered public accounting firm for the fiscal year ending October 1, 2016, effective March 8, 2016.
During the fiscal years ended October 3, 2015, and September 27, 2014, and the subsequent interim period through March 8, 2016, neither the Company nor anyone on its behalf consulted with EY regarding (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company’s financial statements, and no written report or oral advice was provided to the Company that EY concluded was an important factor considered by the Company in reaching a decision as to any accounting, auditing or financial reporting issue; or (ii) any matter that was either the subject of a “disagreement” (as that term is described in Item 304(a)(1)(iv) of Regulation S-K) or a “reportable event” (as that term is described in Item 304(a)(1)(v) of Regulation S-K).
Item 9.01 Financial Statements and Exhibits.
(d)
Exhibits
The following exhibit is filed in accordance with the provisions of Item 601 of Regulation S-K:
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Exhibit Number
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Description
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16.1
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Letter from KPMG LLP, dated March 8, 2016.
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