Item 4.01 Changes in Registrant's Certifying Accountant
Following approval by the Board of Directors, Willis Lease Finance Corporation
(the "Company") notified its current independent registered public accounting
firm, KPMG LLP ("KPMG"), on January 4, 2021, that it would be dismissed as the
Company's independent registered public accounting firm. The dismissal will
become effective upon the issuance by KPMG of its reports on the consolidated
financial statements as of and for the years ended December 31, 2020 and 2019,
respectively, as well as the effectiveness of internal control over financial
reporting as of December 31, 2020, all to be included in the filing of the
Company's Annual Report on Form 10-K for the fiscal year ended December 31,
2020.
During the fiscal years ended December 31, 2019 and 2018 and the subsequent
period through January 4, 2021, there were: (i) no disagreements within the
meaning of Item 304(a)(1)(iv) of Regulation S-K and the related instructions
between the Company and KPMG on any matters 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
thereto in connection with its reports on the consolidated financial statements
for such years; and (ii) no "reportable events" within the meaning of Item
304(a)(1)(v) of Regulation S-K.
KPMG's audit reports on the Company's consolidated financial statements as of
and for the fiscal years ended December 31, 2019 and 2018 did not contain any
adverse opinion or disclaimer of opinion, nor were they qualified or modified as
to uncertainty, audit scope, or accounting principles.
The Company has requested that KPMG furnish a letter addressed to the Securities
and Exchange Commission stating whether or not it agrees with the above
statements. A copy of KPMG's letter, dated January 8, 2021, is filed as Exhibit
16.1 to this Form 8-K.
Item 9.01 Financial Statements and Exhibits
EXHIBIT
Exhibit
Number Description
Letter from KPMG to the Securities and Exchange Commission dated January
16.1 8, 2021
2
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