STOCK TITAN

ROYL switches to BDO after Horne team joins; no disagreements

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Royale Energy, Inc. reported a change in its independent auditor. After the partners and staff of Horne LLP joined BDO USA, P.C. on November 1, 2025, Horne resigned on October 31, 2025. With Audit Committee approval, the Company appointed BDO as its independent registered public accounting firm on November 3, 2025.

Horne’s reports for the fiscal years ended December 31, 2024 and December 31, 2023 contained no adverse opinions, disclaimers, or qualifications. The Company states there were no disagreements with Horne and no Item 304(a)(1)(v) matters. Royale also did not consult BDO on accounting or audit matters before engagement. A confirming letter from Horne is filed as Exhibit 16.1.

Positive

  • None.

Negative

  • None.

Insights

Auditor change tied to firm combination; no disputes disclosed.

Royale Energy transitioned auditors as Horne’s team joined BDO USA, P.C.. Horne resigned on October 31, 2025, and BDO was appointed on November 3, 2025 with Audit Committee approval. This appears administrative rather than company-specific.

Horne’s audit opinions for 2024 and 2023 were clean, and the Company states there were no disagreements or reportable events under Item 304. Royale also did not consult BDO on accounting treatments prior to engagement.

Given the absence of disputes and clean prior opinions, the near-term impact is neutral. Investor attention typically shifts to future filings for continuity under BDO.

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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

 

Date of Report (Date of earliest event reported): November 3, 2025

 

ROYALE ENERGY, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   000-055912   81-4596368
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)

 

1530 Hilton Head Rd, Suite 205
El Cajon, CA 92021

(Address of principal executive offices) (Zip Code)

 

(619) 383-6600

(Registrant’s telephone number, including area code)

 

Not Applicable.

(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: None

 

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. ☐

 

 

 

 

Item 4.01 Changes in Registrant’s Certifying Accountant

 

On November 1, 2025, the partners and professional staff of Horne LLP (“Horne”), which was engaged as the independent registered public accounting firm of the registrant, Royale Energy, Inc. (the “Company”), joined BDO USA, P.C. (“BDO”). As a result of this transaction, Horne resigned as the Company’s independent registered public accounting firm on October 31, 2025. On November 3, 2025, following the resignation of Horne, the Company, through and with the approval of its Audit Committee, appointed BDO as its independent registered public accounting firm.

 

The report of Horne on the financial statements of the Company for the fiscal years ended December 31, 2024 and 2023, did not contain any adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles.

 

During the Company’s fiscal years ended December 31, 2024 and 2023, and through October 31, 2025, there were no disagreements between the Company and Horne on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of Horne, would have caused Horne to make reference to the subject matter of the disagreements in connection with its audit report on the Company’s financial statements. During the Company’s fiscal year ended December 31, 2024, and the interim period through October 31, 2025, Horne did not advise the Company of any of the matters specified in Item 304(a)(1)(v) of Regulation S-K.

 

The Company provided Horne with a copy of this report on Form 8-K in accordance with Item 304(a) of Regulation S-K prior to its filing with the Securities and Exchange Commission and requested that Horne furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether it agrees with the above statements and, if it does not agree, the respects in which it does not agree. A copy of the letter from Horne is filed as Exhibit 16.1 hereto.

 

During the Company’s two most recently completed fiscal years and through the date of engagement of BDO, neither the Company nor anyone on behalf of the Company consulted with BDO 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 as to which the Company received a written report or oral advice that was an important factor in reaching a decision on any accounting, auditing or financial reporting issue; or (b) any matter that was the subject of a disagreement or a reportable event as defined in Items 304(a)(1)(iv)and (v), of Regulation S-K.

 

Item 9.01 Financial Statements and Exhibits.

 

(d)Exhibits.

 

Exhibit No.   Description
16.1   Letter from Horne LLP dated November 3, 2025.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

1

 

SIGNATURE

 

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.

 

  ROYALE ENERGY, INC.
     
Date: November 3, 2025 By: /s/ Johnny Jordan
    Johnny Jordan
    Chief Executive Officer

 

2

FAQ

What did ROYL announce regarding its auditor?

Royale Energy appointed BDO USA, P.C. as its independent registered public accounting firm on November 3, 2025.

Why did Horne LLP resign as ROYL’s auditor?

Horne resigned on October 31, 2025 after its partners and staff joined BDO USA, P.C. on November 1, 2025.

Were there any disagreements between ROYL and Horne LLP?

The Company states there were no disagreements on accounting, disclosure, or audit scope through October 31, 2025.

What were Horne LLP’s opinions on ROYL’s prior financial statements?

For fiscal years ended December 31, 2024 and December 31, 2023, Horne’s reports had no adverse opinion, no disclaimer, and were not qualified.

Did ROYL consult BDO before engaging them?

No. The Company states it did not consult BDO on accounting or audit matters before engagement.

Is there supporting correspondence from Horne LLP?

Yes. A letter from Horne is filed as Exhibit 16.1.
Royale Energy

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3.86M
38.55M
60.1%
1.1%
Oil & Gas E&P
Energy
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United States
El Cajon