RCM TECHNOLOGIES, INC. 8-K

What Happened

• RCM Technologies, Inc. announced on April 29, 2026 that it dismissed its independent auditor EisnerAmper LLP and, effective the same date, engaged WithumSmith+Brown, PC (Withum) to audit its fiscal year ending January 2, 2027 and to review interim quarterly financials.
• EisnerAmper’s audit report for the fiscal year ended January 3, 2026 was unmodified (no adverse opinion or disclaimer). EisnerAmper communicated material weaknesses in the Company’s internal control over financial reporting in connection with that audit.

Key Details

• Date of auditor change: April 29, 2026; change approved by the Company’s Audit Committee.
• EisnerAmper reported no disagreements with management and no reportable events except for four material weaknesses related to: (1) entity-level and business process controls, (2) insufficient documentation of management review controls, (3) controls over risk assessment and monitoring, and (4) documentation for change management and logical access controls for timekeeping systems.
• Withum will audit the fiscal year ending January 2, 2027 and review quarterly financial statements; Withum previously served as RCM’s auditor for fiscal years ended 2022–2024.
• RCM requested and filed a letter from EisnerAmper to the SEC confirming the statements (Exhibit 16.1).

Why It Matters

• An auditor change is material because it can affect how future financials are audited and reviewed; Withum will perform the next year’s audit and quarterly reviews.
• The identified material weaknesses indicate weaknesses in the company’s internal controls over financial reporting—investors should watch for remediation plans, progress updates, and any impact on future financial statements or disclosures.
• Investors can take some comfort that EisnerAmper’s most recent opinion was unmodified and there were no disagreements disclosed, but the company’s remediation of the control issues and Withum’s upcoming audit results will be important near-term developments.