Item 4.01 Changes in Registrant's Certifying Accountant.
As reflected in the proxy statement for the 2020 Annual Meeting of Stockholders
MSG Networks Inc. (the "Company") as filed with the Securities and Exchange
Commission on October 21, 2020, the Audit Committee of the Company's Board of
Directors (the "Audit Committee") has conducted a periodic review of its
independent registered public accounting firm for the fiscal year ending
June 30, 2021.
Following that review, which included a request for proposals, on November 18,
2020, the Audit Committee selected Deloitte & Touche LLP ("Deloitte") as the
Company's independent registered public accounting firm for the Company's fiscal
year ending June 30, 2021, effective as of November 18, 2020. KPMG LLP ("KPMG"),
the Company's current independent registered public accounting firm, was
dismissed by the Audit Committee on November 18, 2020.
KPMG's reports on the Company's consolidated financial statements as of and for
the fiscal years ended June 30, 2020 and 2019 did not contain any adverse
opinion or disclaimer of opinion, nor were they qualified or modified as to
uncertainty, audit scope, or accounting principles. KPMG's report on the
Company's consolidated financial statements as of and for the year ended
June 30, 2020, contained an unqualified opinion that the financial statements
present fairly, in all material respects, the financial position of the Company
as of June 30, 2020 and 2019, and the results of its operations and its cash
flows for each of the years in the three-year period ended June 30, 2020, in
conformity with U.S. generally accepted accounting principles. KPMG's report on
the Company's consolidated financial statements as of and for the year ended
June 30, 2019, contained an unqualified opinion that the financial statements
present fairly, in all material respects, the financial position of the Company
as of June 30, 2019 and 2018, and the results of its operations and its cash
flows for each of the years in the three-year period ended June 30, 2019, in
conformity with U.S. generally accepted accounting principles.
During the fiscal years ended June 30, 2020 and 2019, and the subsequent interim
periods through November 18, 2020, including the Company's fiscal first quarter
ended September 30, 2020, there were: (i) no disagreements within the meaning of
Item 304(a)(1)(iv) of Regulation S-K promulgated under the Securities Exchange
Act of 1934 ("Regulation S-K") and the related instructions between the Company
and KPMG on any matters of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure which, if not resolved to
KPMG's satisfaction, would have caused KPMG to make reference to such
disagreements in their reports on the Company's consolidated financial
statements for such periods; or (ii) no "reportable events" within the meaning
of Item 304(a)(1)(v) of Regulation S-K.
The Company provided KPMG with a copy of this Form 8-K prior to its filing with
the Securities and Exchange Commission and requested that KPMG furnish the
Company with a letter addressed to the Securities and Exchange Commission
stating whether or not KPMG agrees with the above statements and stating the
respects, if any, in which KPMG does not agree with such statements. A copy of
KPMG's letter, dated November 24, 2020, is filed as Exhibit 16.1 to this Form
8-K.
During the fiscal years ended June 30, 2020 and 2019 and the subsequent interim
periods through November 18, 2020, neither the Company nor anyone on its behalf
has consulted with Deloitte regarding any of the matters described in Items
304(a)(2)(i) and (ii) of Regulation S-K.
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Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
16.1 Letter from KPMG LLP
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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