Landmark Bancorp, Inc. Announces Change of Independent Registered Public Accounting Firm

Key Points from the Report

• Landmark Bancorp, Inc. (NASDAQ: LARK) has announced a change in its independent registered public accounting firm.
• Effective February 23, 2026, Landmark Bancorp dismissed Crowe LLP as its independent auditor and engaged Forvis Mazars LLP as its new independent registered public accounting firm.
• This decision was approved by the Audit Committee of the Company’s Board of Directors.

Details of the Auditor Change

The Company reports that Crowe LLP’s audit reports on the consolidated financial statements for the fiscal years ended December 31, 2024 and 2025 did not contain any adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles.

During the two most recent fiscal years and the subsequent interim period through the date of this report, there were no disagreements with Crowe LLP on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure. There were also no reportable events (as defined in Item 304(a)(1)(v) of Regulation S-K).

In line with regulatory requirements, Landmark Bancorp has provided Crowe LLP with a copy of the disclosures made in this Current Report on Form 8-K and requested that Crowe LLP furnish a letter addressed to the Securities and Exchange Commission stating whether it agrees with the statements made. A copy of Crowe LLP’s letter, dated February 27, 2026, is attached as Exhibit 16.1 to the report, and it confirms agreement with the Company’s statements.

Importantly, prior to engaging Forvis Mazars LLP, neither the Company nor anyone acting on its behalf consulted with Forvis Mazars regarding (i) the application of accounting principles to any transaction, (ii) the type of audit opinion that might be rendered, (iii) any written report or oral advice from Forvis Mazars that would have been an important factor in reaching a decision as to an accounting, auditing, or financial reporting issue, or (iv) any matter that was the subject of a disagreement or reportable event.

What Shareholders Need to Know

• This is a potentially price-sensitive event. Changes in independent auditors can be material, as they may signal changes or reviews in accounting policies, financial reporting, or internal controls, which are of significant interest to investors.
• No negative opinion or disagreements were reported with the outgoing auditor, which may help reassure the market that this change does not stem from unresolved issues or concerns about the Company’s prior financial statements.
• The Company’s common stock (\$0.01 par value) continues to trade under the ticker LARK on the Nasdaq Global Market.
• Landmark Bancorp, Inc. is not classified as an emerging growth company under SEC definitions.

Potential Impact on Share Value

While the Company reports no disagreements or adverse events with its former auditor, any change in independent auditors can draw market attention. Investors may watch closely for upcoming disclosures or filings from Forvis Mazars LLP, the new auditor, particularly their first audit report and any commentary regarding internal controls or accounting policies.

Overall, the transparency and apparent lack of negative findings or disagreements should help mitigate concerns. However, investors are advised to monitor future filings for any changes in the tone or content of audit opinions or disclosures.

Supporting Documentation

• Exhibit 16.1: Letter from Crowe LLP to the SEC, dated February 27, 2026, confirming agreement with Landmark Bancorp, Inc.’s disclosures regarding the change of auditor.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence or consult with a qualified financial advisor before making investment decisions. The information is based on Landmark Bancorp, Inc.’s public SEC filings as of February 27, 2026.

View LANDMARK BANCORP INC Historical chart here