REGIS CORPORATION ITEM 4.01 CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
(a) Previous Independent Registered Public Accounting Firm OnDecember 7, 2020 , the Audit Committee of the Board of Directors ofRegis Corporation dismissedPricewaterhouseCoopers LLP , which had been serving as the independent registered public accounting firm. The reports ofPricewaterhouseCoopers LLP on the consolidated financial statements as of and for the past two years endedJune 30, 2020 andJune 30, 2019 contained no adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope, or accounting principles. During the years endedJune 30, 2020 andJune 30, 2019 and the subsequent interim period throughDecember 7, 2020 , there were no disagreements between us andPricewaterhouseCoopers LLP on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction ofPricewaterhouseCoopers LLP , would have causedPricewaterhouseCoopers LLP to make reference thereto in their reports on the financial statements for such years. During the years endedJune 30, 2020 andJune 30, 2019 and the subsequent interim period throughDecember 7, 2020 , there have been no reportable events (as defined in Item 304(a)(1)(v) of Regulation S-K), except for the material weakness in internal control over financial reporting as the Company did not maintain effective controls over the derecognition calculation of the company-owned stores goodwill reporting unit. This material weakness existed until the end of the quarter endedMarch 31, 2020 when the remaining goodwill associated with the Company-owned reporting unit was fully impaired and, as a result, the material weakness had been remediated. The Company providedPricewaterhouseCoopers LLP with a copy of the disclosures required by Item 304 of Regulation S-K contained in this Current Report on Form 8-K and requested thatPricewaterhouseCoopers LLP furnish us with a letter addressed to theSecurities and Exchange Commission stating whetherPricewaterhouseCoopers LLP agrees with the above statements made by us in this Current Report on Form 8-K and, if not, stating the respects in which it does not agree. A copy ofPricewaterhouseCoopers LLP's letter, datedDecember 11, 2020 , is filed as Exhibit 16.1 to this Current Report on Form 8-K. (b) New Independent Registered Public Accounting Firm OnDecember 7, 2020 , the Audit Committee approved the engagement ofGrant Thornton LLP , to audit the Company's financial statements for the year endingJune 30, 2021 .Grant Thornton LLP was subsequently engaged onDecember 10, 2020 . A benchmarking exercise based on the Company's zero-based budgeting initiative helped drive the decision to initiate a competitive audit proposal process that included proposals from multiple firms, includingPricewaterhouseCoopers LLP as the incumbent. Such proposal process was centered around the Company's' future state as a fully franchised organization. During the two most recent years endedJune 30, 2020 andJune 30, 2019 and the subsequent interim period throughDecember 7, 2020 , we did not consult withGrant Thornton LLP regarding either (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on our financial statements, and no written report or oral advice was provided thatGrant Thornton LLP concluded was an important factor considered by us in reaching a decision as to the accounting, auditing or financial reporting issue; or (ii) any matter that was either the subject of a "disagreement" as that term is defined in Item 304(a)(1)(iv) of Regulation S-K or a "reportable event" as that term is defined in Item 304(a)(1)(v) of Regulation S-K.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
EXHIBIT NUMBER 16.1 Letter regarding change in certifying accountant.
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