Item 4.01 Changes in Registrant's Certifying Accountant.
On January 22, 2021, following an evaluation of proposals for audit services
from independent registered public accounting firms, the Audit Committee of the
Board of Directors (the "Committee") of Mid-Southern Bancorp, Inc. (the
"Company") approved the appointment of BKD, LLP ("BKD") as the Company's
independent registered public accounting firm for the Company for the fiscal
year ending December 31, 2021, subject to execution of an engagement letter. The
Committee selected BKD following its review of proposals from independent
registered public accounting firms that had participated in a competitive
process conducted by the Company.
During the fiscal years ended December 31, 2020 and 2019, and through January
22, 2021, the Company did not consult with BKD with respect to (i) the
application of accounting principles to a specified transaction, either
completed or proposed, or the type of audit opinion that might have been
rendered on the Company's consolidated financial statements, and no written
report or oral advice was provided by BKD to the Company that BKD concluded was
an important factor considered by the Company in reaching a decision as to any
accounting, auditing or financial reporting issue; or (ii) any matters that were
either the subject of a disagreement (as that term is used in Item 304(a)(1)(iv)
of Regulation S-K and the related instructions thereto) or a reportable event
(as described in Item 304(a)(1)(v) of Regulation S-K).
Monroe Shine & Co., Inc ("Monroe Shine") has been engaged to audit the Company's
consolidated financial statements for the fiscal year ended December 31, 2020.
On January 22, 2021 the Committee dismissed Monroe Shine as the Company's
independent registered public accounting firm, effective upon completion of
Monroe Shine's audit of the consolidated financial statements of the Company and
filing of the Company's Form 10-K for the fiscal year ended December 31, 2020.
Upon completion of Monroe Shine's services, the Company will file an amendment
to this Current Report on Form 8-K with the specific date of dismissal and an
update to the disclosures required by Item 304(a) of Regulation S-K ("Regulation
S-K") of the rules and regulations of the U.S. Securities and Exchange
Commission (the "SEC") through that date.
The audit reports of Monroe Shine on the Company's consolidated financial
statements as of and for the fiscal years ended December 31, 2019 and 2018 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
fiscal years ended December 31, 2019 and 2018, and through January 22, 2021,
there were no disagreements with Monroe Shine on any matter of accounting
principles or practices, financial statement disclosure or auditing scope or
procedure, which, if not resolved to the satisfaction of Monroe Shine, would
have caused Monroe Shine to make reference to the subject matter in its reports.
During the fiscal years ended December 31, 2019 and 2018, and through January
22, 2021 there were no reportable events as described in Item 304(a)(1)(v) of
Regulation S-K.
The Company provided Monroe Shine with a copy of the foregoing disclosures on
this Current Report on Form 8-K and requested that Monroe Shine furnish the
Company with a letter addressed to the U.S. Securities and Exchange Commission
stating whether Monroe Shine agrees
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with the foregoing statements, and if not, stating the respects in which it does
not agree. A copy of that letter, dated January 25, 2021 is filed as Exhibit
16.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
The following exhibit is being furnished herewith and this list shall constitute
the exhibit index:
16.1 Letter from Monroe Shine & Co., Inc to the Securities and Exchange
Commission, dated January 25, 2021 .
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