Item
4.01 Changes in Registrant’s Certifying Accountant
On
July 13, 2017, Mexco Energy Corporation (the “Company”) made the decision to secure a new independent registered public
accounting firm. As a consequence, the Company decided to dismiss Grant Thornton LLP (“GT”) as the Company’s
independent registered public accounting firm. The decision to change accountants was approved by the audit committee pursuant
to its charter.
During
the Company’s last two fiscal years ended March 31, 2017 and March 31, 2016, and the interim period through July 13, 2017,
(i) the Company had no disagreements with GT on any matter of accounting principles or practices, financial statement disclosure,
or auditing scope or procedure, which disagreements, if not resolved to GT’s satisfaction, would have caused GT to make
reference to the subject matter of such disagreements in its report on the financial statements of the Company for such time period
and (ii) there were no reportable events of the type described in Item 304(a)(1)(v) of Regulation S-K.
The
report of GT regarding the Company’s financial statements for each of the fiscal years ended March 31, 2017 and 2016 did
not contain any adverse opinion or a disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope or
accounting principles.
The
Company provided GT with a copy of the foregoing disclosure and requested that GT provide the Company with a letter addressed
to the Securities and Exchange Commission stating whether or not it agrees with the Company’s statements herein and, if
not, stating the respects in which it does not agree. A copy of the letter provided by GT dated July 18, 2017 is filed as Exhibit
16.1 to this Current Report on Form 8-K.
On
July 13, 2017 the Company appointed Weaver and Tidwell, L.L.P. (“Weaver”), effective immediately upon completion of
Weaver’s client acceptance procedures, which occurred on July 17, 2017 as the Company’s new independent registered
public accounting firm. The decision to pursue the engagement of Weaver was approved by the Board of Directors of the Company.
Weaver will be reviewing the financial statements that are to be included in the Quarterly Reports for the periods ended June
30, 2017, September 30, 2017 and December 31, 2017.
During
the fiscal years ended March 31, 2017 and 2016, and the interim period through July 13, 2017, the Company did not consult Weaver
with respect to 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 the Company’s financial statements, and no written report or oral
advice was provided to the Company by Weaver that Weaver concluded was an important factor considered by the Company 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 described in Item 304(a)(1)(iv) of Regulation S-K and the related instructions to Item 304 of Regulation S-K,
or a reportable event, as that term is described in Item 304(a)(1)(v) of Regulation S-K.