FRP HOLDINGS, INC. 8-K

What Happened

• FRP Holdings, Inc. announced that on May 12, 2026 its Audit Committee approved and the Board ratified the appointment of Forvis Mazars, LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2026. Baker Tilly US, LLP was dismissed as the Company's independent auditor effective May 15, 2026.
• Baker Tilly had served as the company's auditor since May 1, 2025. Its audit report on FRP’s consolidated financial statements for the year ended December 31, 2025 was unmodified (no adverse opinion, no disclaimer, and no qualifications). The filing states there were no disagreements or reportable events between the company and Baker Tilly during 2025 or through May 15, 2026.

Key Details

• Appointment approved May 12, 2026; dismissal effective May 15, 2026.
• Baker Tilly had been the auditor since May 1, 2025; its 2025 audit report was unmodified.
• No disagreements or reportable events under Regulation S‑K Item 304 between FRP and Baker Tilly for the relevant periods.
• Forvis Mazars previously provided income tax provision, valuation, and technical accounting advisory services for the year ended December 31, 2025; those services were completed and management retained responsibility.

Why It Matters

• A change in the independent auditor is material because it affects who reviews and signs off on the company’s financial statements. Investors should note the transition timing (effective May 15, 2026) and that the predecessor auditor’s 2025 audit was unmodified and there were no reported disagreements, which reduces immediate red flags about prior financial reporting.
• The filing also discloses prior non-audit services by Forvis Mazars (tax, valuation, advisory) for 2025 with management taking responsibility, information investors may consider when assessing auditor independence and continuity for upcoming audits.