Company: BWNB
Filing Date: 2025-04-10
Form Type: 8-K
Source: 0001104659-25-033780
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Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-04-10
Form: 8-K
Item: Item 4.01
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Item 4.01 Changes in Registrant’s Certifying
Accountant

Deloitte & Touche LLP (“ Deloitte”), the Company’s
independent registered public accounting firm, has served as the Company’s auditor since 2014. As a matter of good corporate governance,
the Company issued a Request for Proposal (“ RFP”) regarding the Company’s engagement of an independent registered public
accounting firm to audit the Company’s consolidated financial statements for its fiscal year ending December 31, 2025. Thereafter, the Company conducted a comprehensive, competitive RFP process in which multiple firms were invited to participate
in this RFP process.

(a) Previous Independent Registered Public Accounting Firm

On April 4, 2025, the Company, with the approval of the Audit and Finance
Committee of the Board of Directors of the Company, dismissed Deloitte and notified Deloitte of its dismissal and decision to change its
independent registered public accounting firm.

Deloitte’s reports on the Company’s consolidated financial
statements as of and for the fiscal years ended December 31, 2024 and 2023 did not contain any adverse opinion or disclaimer of opinion,
and was not qualified or modified as to uncertainty, audit scope, or accounting principles, except
for an explanatory paragraph in its report for the fiscal year ended December 31, 2024 regarding the substantial doubt about the Company’s
ability to continue as a going concern.

During the Company’s fiscal years ended December 31, 2024 and
2023, and the subsequent interim period through April 4, 2025, 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 Deloitte on any matters of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure which, if not resolved to Deloitte’s satisfaction, would have caused
Deloitte to make reference thereto in their reports; and (ii) no “reportable events” within the meaning of Item 304(a)(1)(v)
of Regulation S-K, except for the material weaknesses in the Company’s internal control over financial reporting as reported in
Item 9A of Part II of the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, filed with the U. S. Securities
and Exchange Commission (“ SEC”) on March 31, 202