# EDGAR Filing Document

**Accession Number:** 0000792987
**File Stem:** 0000792987-23-000020
**Filing Date:** 2023-3
**Character Count:** 8669
**Document Hash:** 55f62d4fdd34033c4956887ea52dd272
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000792987-23-000020.hdr.sgml**: 20230309

**ACCESSION NUMBER**: 0000792987-23-000020

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20230302

**ITEM INFORMATION**: Changes in Registrant's Certifying Accountant

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230308

**DATE AS OF CHANGE**: 20230308

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ASTEC INDUSTRIES INC
- **CENTRAL INDEX KEY:** 0000792987
- **STANDARD INDUSTRIAL CLASSIFICATION:** CONSTRUCTION MACHINERY & EQUIP [3531]
- **IRS NUMBER:** 620873631
- **STATE OF INCORPORATION:** TN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-11595
- **FILM NUMBER:** 23714896

**BUSINESS ADDRESS:**
- **STREET 1:** 1725 SHEPHERD ROAD
- **CITY:** CHATTANOOGA
- **STATE:** TN
- **ZIP:** 37421
- **BUSINESS PHONE:** 4238995898

**MAIL ADDRESS:**
- **STREET 1:** 1725 SHEPHERD ROAD
- **CITY:** CHATTANOOGA
- **STATE:** TN
- **ZIP:** 37421

?xml version="1.0" ? aste-20230302

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K** 

**CURRENT REPORT** 

**Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): March 2, 2023

![aste-20230302_g1.jpg](aste-20230302_g1.jpg)

**Astec Industries, Inc.** 

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Tennessee** | **001-11595** | **62-0873631** |
| (State or other jurisdiction<br>of incorporation) | (Commission File Number) | (IRS Employer<br>Identification No.) |

---

**1725 Shepherd Road, Chattanooga, Tennessee 37421** 

(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: **(423) 899-5898** 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

**☐** Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

**☐** Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

**☐** Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

**☐** Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| **Common Stock** | **ASTE** | **The Nasdaq Stock Market LLC** |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company **☐** 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. **☐**

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**Item 4.01. Changes in Registrant's Certifying Accountant.**

<u>(a) Previous independent registered public accounting firm</u>

On March 2, 2023, KPMG LLP ("KPMG") was notified on behalf of the Audit Committee of the Board of Directors (the "Audit Committee") of Astec Industries, Inc. and subsidiaries (the "Company") that it was dismissed as the Company's independent registered public accounting firm effective immediately.

The audit reports of KPMG on the Company's consolidated financial statements as of and for the years ended December 31, 2022 and 2021 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 audit reports of KPMG on the effectiveness of the Company's internal control over financial reporting as of 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.

During the Company's two fiscal years ended December 31, 2022 and 2021 and in the subsequent interim period through March 2, 2023, there were no "disagreements" (as that term is described in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) between the Company and KPMG on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedures, which, if not resolved to the satisfaction of KPMG, would have caused KPMG to make reference to the subject matter of such disagreement in connection with its reports on the Company's consolidated financial statements for such years. In addition, during the Company's two fiscal years ended December 31, 2022 and 2021 and in the subsequent interim period through March 2, 2023, there were no "reportable events" (as that term is defined in Item 304(a)(1)(v) of Regulation S-K and the related instructions).

In accordance with Item 304(a)(3) of Regulation S-K, the Company has provided KPMG with a copy of this Current Report on Form 8-K prior to the time this report was filed with the Securities and Exchange Commission (the "SEC") and requested that KPMG furnish the Company with a letter addressed to the SEC stating whether or not it agrees with the above disclosure. A copy of KPMG's letter, dated March 8, 2023, is filed as Exhibit 16.1 to this Current Report on Form 8-K.

<u>(b) New independent registered public accounting firm</u>

On March 2, 2023, the Audit Committee appointed Deloitte & Touche LLP ("Deloitte") as the Company's independent registered public accounting firm to audit the Company's consolidated financial statements for its year ending December 31, 2023, subject to completion of Deloitte's standard client acceptance procedures and execution of an engagement letter.

During the Company's two most recent fiscal years ended December 31, 2022 and December 31, 2021 and in the subsequent interim period through March 2, 2023, neither the Company nor anyone on its behalf consulted Deloitte regarding either: (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company's financial statements, and neither a written report was provided to the Company or oral advice was provided that Deloitte concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or (ii) any matter that was either the subject of a "disagreement" or "reportable event" (as these terms are defined or described in Item 304(a)(1)(iv) and Item 304(a)(1)(v) of Regulation S-K, respectively).

**Item 9.01. Financial Statements and Exhibits**

(d)Exhibits

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| | |
|:---|:---|
| 16.1 | <u>[Letter from KPMG LLP to the Securities and Exchange Commission, dated March 8, 2023](ex-161xletterfromkpmgllpto.htm)</u> |
| 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 hereunto duly authorized.

---

| | | |
|:---|:---|:---|
| | **Astec Industries, Inc.** | **Astec Industries, Inc.** |
| Date: March 8, 2023 | By: | /s/ Rebecca A. Weyenberg |
|  |  | Rebecca A. Weyenberg |
|  |  | Chief Financial Officer |

---

## Exhibit 16.1

**Exhibit 16.1**

![kpmgletterheada.jpg](kpmgletterheada.jpg)

KPMG LLP

Suite 2000

303 Peachtree Street, N.E.

Atlanta, GA 30308-3210

March 8, 2023

Securities and Exchange Commission

Washington, D.C. 20549

Ladies and Gentlemen:

We were previously principal accountants for Astec Industries, Inc. and subsidiaries (the "Company") and, under the date of March 1, 2023, we reported on the consolidated financial statements of the Company as of and for the years ended December 31, 2022 and 2021 and the effectiveness of internal control over financial reporting as of December 31, 2022. On March 2, 2023, we were dismissed.

We have read the Company's statements included under Item 4.01 of its Form 8-K dated March 8, 2023, and we agree with such statements, except that we are not in a position to agree or disagree with the Company's statements in Item 4.01(b).

Very truly yours,

KPMG LLP

<br>