Concrete Leveling Systems changes audit firm

Concrete Leveling Systems, Inc. filed an 8-K disclosing a change in its independent registered public accounting firm.

Rhea-AI Filing Summary

Concrete Leveling Systems, Inc. filed an 8-K disclosing a change in its independent registered public accounting firm. On June 12, 2026, the board and Stephano Slack LLC mutually agreed to end Stephano’s engagement, and the company appointed Sadler, Gibb & Associates, LLC as the new auditor effective the same date.

Stephano’s report on the company’s consolidated financial statements for the fiscal year ended July 31, 2025 included an explanatory paragraph expressing substantial doubt about Concrete Leveling Systems’ ability to continue as a going concern, which is treated as a reportable event. The company states there were no disagreements with Stephano on accounting principles, practices, or audit scope, and that it did not previously consult Sadler Gibb on accounting matters or audit opinions.

Positive

• None.

Negative

• Auditor’s going-concern warning: Stephano Slack LLC’s audit report for the fiscal year ended July 31, 2025 included an explanatory paragraph expressing substantial doubt about Concrete Leveling Systems’ ability to continue as a going concern, signaling significant uncertainty about the company’s financial viability.

Insights

Accounting and Audit Risk Analyst

Auditor change follows a going-concern emphasis, signaling elevated financial risk.

Concrete Leveling Systems reports a mutual separation from auditor Stephano Slack LLC and engagement of Sadler, Gibb & Associates, LLC as its new independent registered public accounting firm, effective June 12, 2026. The change covers audits for the fiscal year ended July 31, 2025.

Stephano’s most recent audit opinion for the year ended July 31, 2025 included an explanatory paragraph expressing substantial doubt about the company’s ability to continue as a going concern. That language is formally identified as a reportable event, highlighting significant uncertainty around the company’s financial viability.

The company states there were no disagreements with Stephano on accounting principles, practices, or audit scope, and no other reportable events beyond the going-concern emphasis. It also notes no prior consultations with Sadler Gibb on accounting treatments or likely audit opinions, indicating the new engagement begins without pre-cleared positions disclosed in this report.

8-K Event Classification

2 items: 4.01, 9.01

2 items

Item 4.01 Changes in Registrant's Certifying Accountant Governance

The company changed its independent auditing firm, which may involve disagreements on accounting matters.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Auditor dismissal date: June 12, 2026 New auditor engagement date: June 12, 2026 Audit fiscal year: Year ended July 31, 2025

3 metrics

Auditor dismissal date June 12, 2026 Effective date Stephano Slack LLC ceased as auditor

New auditor engagement date June 12, 2026 Effective date Sadler, Gibb & Associates, LLC engaged

Audit fiscal year Year ended July 31, 2025 Period covered by the going-concern emphasis

Key Terms

independent registered public accounting firm, going concern, reportable event, Item 304(a)(1)(iv) of Regulation S-K, +1 more

5 terms

independent registered public accounting firm financial

"engaged Sadler, Gibb & Associates, LLC (“Sadler Gibb”) as the Company’s independent registered public accounting firm"

An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.

going concern financial

"contained an explanatory paragraph expressing substantial doubt about the Company’s ability to continue as a going concern"

Going concern is the accounting assumption that a company will keep operating and meeting its obligations for the foreseeable future. The phrase matters most when a company or its auditors disclose substantial doubt about it, a formal warning that the business may not have enough resources to continue without raising money, restructuring, or selling assets. That language in a filing or press release signals elevated financial risk.

reportable event regulatory

"there was a reportable event (as defined in Item 304(a)(1)(v) of Regulation S-K)"

Item 304(a)(1)(iv) of Regulation S-K regulatory

"no disagreements (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions)"

Emerging Growth Company financial

"Emerging Growth Company Item 4.01. Changes in Registrant’s Certifying Accountant."

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What auditor change did Concrete Leveling Systems (CLEV) disclose?

Concrete Leveling Systems disclosed that its board and Stephano Slack LLC mutually agreed to end Stephano’s role as independent registered public accounting firm on June 12, 2026. The company simultaneously engaged Sadler, Gibb & Associates, LLC as its new auditor for the fiscal year ended July 31, 2025.

Why is the Concrete Leveling Systems (CLEV) going-concern paragraph important?

Stephano Slack LLC’s audit report for the year ended July 31, 2025 included an explanatory paragraph expressing substantial doubt about Concrete Leveling Systems’ ability to continue as a going concern. This signals serious uncertainty about ongoing operations and is classified as a reportable event under SEC Regulation S-K.

Did Concrete Leveling Systems (CLEV) report disagreements with its former auditor?

The company states there were no disagreements with Stephano Slack LLC during the fiscal years ended July 31, 2025 and the subsequent interim period. This covers accounting principles, accounting practices, financial statement disclosure, and audit scope, as defined in Item 304(a)(1)(iv) of Regulation S-K.

What reportable events did Concrete Leveling Systems (CLEV) disclose related to its audit?

Concrete Leveling Systems reports one reportable event: Stephano Slack LLC’s audit opinion for the fiscal year ended July 31, 2025 contained an explanatory paragraph expressing substantial doubt about the company’s ability to continue as a going concern. The company states there were no other reportable events during the relevant period.

How was Sadler, Gibb & Associates, LLC engaged by Concrete Leveling Systems (CLEV)?

On June 12, 2026, Concrete Leveling Systems’ board appointed Sadler, Gibb & Associates, LLC as its independent registered public accounting firm, effective immediately. The engagement covers the audit of consolidated financial statements for the fiscal year ending July 31, 2025, with no prior consultations on accounting issues disclosed.

Did Concrete Leveling Systems (CLEV) consult Sadler Gibb before the engagement?

The company states it did not consult Sadler, Gibb & Associates, LLC during the fiscal years ended July 31, 2025 or the subsequent interim period on accounting principle applications, potential audit opinions, or matters involving disagreements or reportable events. The engagement therefore begins without disclosed prior advice.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/12/2026 - 01:34 PM Learn about SEC filing dates

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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

June 12, 2026

Date of Report (Date of earliest event reported):

Concrete Leveling Systems, Inc.

(Exact name of registrant as specified in its charter)

Nevada		000-53048		26-0851977
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

5046 E. Boulevard, NW, Canton, OH, 44718

(Address of Principal Executive Offices) (Zip Code)

(330) 966-8120

Registrant’s telephone number, including area code

NA

(Former Name or Former Address, if Changed Since Last Report)

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:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock		CLEV		OTC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

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. ☐

Item 4.01. Changes in Registrant’s Certifying Accountant.

On June 12, 2026 Concrete Leveling Systems, Inc. (the “Company”), through action of the Board of Directors of the Company, mutually agreed to part ways with Stephano Slack LLC (Stephano) as the Company’s independent registered public accounting firm, effective as of June 12, 2026.

The reports of Stephano on the Company’s consolidated financial statements for the fiscal years ended July 31, 2025 did not contain an adverse opinion or disclaimer of opinion and were not qualified or modified as to accounting principles or audit scope. Stephano’s report on the Company’s consolidated financial statements for the fiscal year ended July 31, 2025 contained an explanatory paragraph expressing substantial doubt about the Company’s ability to continue as a going concern.

During the fiscal years ended July 31, 2025 and the subsequent interim period through the date of dismissal, there were no disagreements (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) between the Company and Stephano on any matter of accounting principles or practices.

During the fiscal years ended July 31, 2025 and the subsequent interim period through the date of dismissal, there was a reportable event (as defined in Item 304(a)(1)(v) of Regulation S-K). Specifically, Stephano’s report on the Company’s consolidated financial statements for the fiscal year ended July 31, 2025 contained an explanatory paragraph expressing substantial doubt about the Company’s ability to continue as a going concern. Except for the foregoing, there were no reportable events (as defined in Item 304(a)(1)(v) of Regulation S-K).

The Company provided Stephano with a copy of this Current Report on Form 8-K addressed to the SEC stating whether or not it agrees with the statements made by the Company. Stephano has provided company with a letter and said letter attached.

On June 12, 2026, the Company, through action of the Board of Directors, engaged Sadler, Gibb & Associates, LLC (“Sadler Gibb”) as the Company’s independent registered public accounting firm to audit the Company’s consolidated financial statements for the fiscal year ending July 31, 2025. This appointment is effective as of June 12, 2026.

During the fiscal years ended July 31, 2025 and the subsequent interim period prior to engagement, the Company did not consult with Sadler Gibb regarding: (a) 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 nor oral advice was provided that Sadler Gibb concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or (b) any matter that was either the subject of a disagreement (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) or a reportable event (as defined in Item 304(a)(1)(v) of Regulation S-K).

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit No.		Description
16.1		Letter
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

2

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.

Dated: June 12, 2026	By:	/s/ Edward A. Barth
		Edward A. Barth Principal Executive Officer

3

Filing Exhibits & Attachments

6 documents

Other Documents

• EX-16.1 LETTER 4.5 KB
• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 4.9 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 13.8 KB
• EX-101 XBRL TAXONOMY EXTENSION CALCULATION LINKBASE 898 B
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 8.7 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE 2.0 KB