UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
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Item 4.01 Changes in Company’s Certifying Accountant.
On December 20, 2022, the Audit Committee (the “Committee”) of the Board of Directors of Bridgewater Bancshares, Inc. (the “Company”) approved the dismissal of the Company’s current independent registered public accounting firm, CliftonLarsonAllen LLP (“CLA”), upon completion of the audit of the Company’s consolidated financial statements for the year ending December 31, 2022. On March 6, 2023, CLA completed its audit services for the Company and, as a result, the Company’s retention of CLA as its independent registered public accounting firm ended.
The reports of CLA on the Company’s consolidated financial statements as of and for the years ended December 31, 2022 and 2021 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.
In connection with CLA’s audits during the years ended December 31, 2022 and 2021, and through the date of the Committee's action dismissing CLA, there have been no (a) “disagreements” (within the meaning of Item 301(a)(1)(iv) of Regulations S-K) with CLA on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to CLA’s satisfaction, would have caused it to make reference to the subject matter of the disagreement in connection with its reports on the Company’s financial statements, or (b) "reportable events" requiring disclosure pursuant to Item 304(a)(1)(v) of Regulation S-K.
The Company provided CLA with a copy of the disclosure it is making herein in response to Item 304(a) of Regulation S-K, and requested that CLA furnish the Company with a copy of its letter addressed to the Securities and Exchange Commission (the “SEC”), pursuant to Item 304(a)(3) of Regulation S-K, stating whether or not CLA agrees with the statements related to them made by the Company in this report. A copy of CLA’s letter to the SEC dated March 7, 2023 is attached as Exhibit 16.1 to this report.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit 16.1 | Letter to SEC from CliftonLarsonAllen LLP dated March 7, 2023 |
Exhibit 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURES
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.
Bridgewater Bancshares, Inc. | |
Date: March 7, 2023 | |
By: /s/ Jerry Baack | |
Name: Jerry Baack | |
Title: Chairman, Chief Executive Officer and President |
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