Mentor Capital (MNTR) Form 8-K Filing Analysis — January 16, 2026

On January 16, 2026, Mentor Capital, Inc. filed a Form 8-K with the Securities and Exchange Commission reporting a

under of the filing [0].

Aspect	Information
Departing Auditor	Spicer Jeffries LLP
New Auditor	Cherry Bekaert LLP
Effective Date of Change	January 13, 2026 (approved by audit committee and Board of Directors)
Reason for Change	Cherry Bekaert LLP acquired Spicer Jeffries LLP, leading to the cessation of the prior engagement

The disengagement with Spicer Jeffries LLP occurred on January 12, 2026, with Cherry Bekaert LLP engaged effective immediately the following day [0].

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The filing contains several reassuring statements for investors:

1. No Disagreements
   : The company explicitly disclosed that there were
   no disagreements
   with Spicer Jeffries LLP on any matters of:
   • Accounting principles or practices
   • Financial statement disclosure
   • Auditing scope or procedures

2. No Reportable Events
   : The filing confirms that no "reportable events" (as defined in SEC Regulation S-K Items 304(a)(1)(iv) and 304(a)(1)(v)) occurred during fiscal years 2023, 2024, or prior to the disengagement [0].

3. Audit Opinion Quality
   : Spicer Jeffries LLP’s audit reports for 2023 and 2024 did
   not contain
   :
   • An adverse opinion
   • A disclaimer of opinion
   • Any qualification or modification related to uncertainty, audit scope, or accounting principles

4. New Auditor Independence
   : Prior to engagement, there were no consultations between the company and Cherry Bekaert LLP regarding:
   • Application of accounting principles to completed or proposed transactions
   • Types of audit opinions that might be rendered
   • Any disagreements or reportable events [0]

The company also filed

, which is a letter from Spicer Jeffries LLP dated January 15, 2026, confirming agreement with the statements made in the 8-K filing [0][1].

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1. Routine Business Transition
   : The auditor change resulted from an acquisition (Cherry Bekaert’s acquisition of Spicer Jeffries), not from disputes, concerns about accounting practices, or financial irregularities. This is a
   routine professional services transition
   .

2. Clean Audit History
   : The explicit disclosure of no disagreements or reportable events with the former auditor provides assurance regarding the integrity of the company’s financial reporting for recent fiscal years.

3. Compliance and Timeliness
   : The company acted promptly by having the audit committee and board approve the new auditor engagement within one day of the transition, demonstrating appropriate corporate governance.

4. Large Firm Advantage
   : Cherry Bekaert LLP is a larger, nationally recognized accounting firm that may bring enhanced resources and expertise to the audit process.

1. Adaptation Period
   : There may be a brief period where the new auditor becomes familiar with the company’s accounting policies, internal controls, and specific industry considerations, though this is typically managed smoothly.

2. Continued Vigilance
   : While the current filing is positive, investors should continue monitoring future SEC filings for any changes in financial reporting or disclosure patterns under the new auditor.

3. Company Profile Context
   : Based on available data, Mentor Capital is a smaller company (market capitalization approximately $2.17 million as of late November 2025) traded on the OTCQB market [2]. Such companies often undergo auditor transitions as they work with specialized accounting firms in the small-cap space.

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The January 16, 2026 Form 8-K filing by Mentor Capital, Inc. discloses a

resulting from an acquisition rather than any financial or accounting concerns. The comprehensive disclosures regarding the absence of disagreements, clean audit opinions, and proper governance approval provide a for investors.

The company’s transparency in filing the required letters and exhibits from the former auditor further supports the narrative of a professional transition. Investors should continue monitoring subsequent quarterly and annual filings to ensure consistent financial reporting standards under the new engagement with Cherry Bekaert LLP.

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[0] U.S. Securities and Exchange Commission — Mentor Capital, Inc. Form 8-K (January 16, 2026): https://www.sec.gov/Archives/edgar/data/1599117/000149315226002522/form8-k.htm

[1] StockTitan.net — MNTR SEC Filings: https://www.stocktitan.net/sec-filings/MNTR/8-k-mentor-capital-inc-reports-material-event-bb63b3941905.html

[2] Mentor Capital Investor Relations — Stock Data: https://ir.mentorcapital.com/stock-data