Business Context and Reporting Period
This Form 8-K filing by Hometrust Bancshares, Inc. (HTBI) reports a change in the company's independent registered public accounting firm. The report date is December 18, 2024, with the event occurring on the same date and notification sent to the outgoing firm on December 19, 2024.
Key Financial Metrics
This filing is a current report regarding corporate governance and does not contain financial performance data. Consequently, there are no values provided for revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes
- Dismissal of Auditor: The Audit Committee approved the dismissal of Forvis Mazars, LLP, the company's current independent registered public accounting firm. The dismissal is effective upon the completion of their audits for the fiscal year ending December 31, 2024.
- Engagement of New Auditor: The company selected Crowe LLP to serve as the independent registered public accounting firm for the fiscal year ending December 31, 2025. Crowe will begin with a review of the first quarter of that fiscal year.
- Audit History: The filing confirms that Forvis Mazars' reports for the transition period ended December 31, 2023, and fiscal years ended June 30, 2023 and 2022, contained no adverse opinions, disclaimers, or qualifications.
Guidance, Outlook, and Risks
The filing states there were no disagreements between the company and Forvis Mazars regarding accounting principles, financial statement disclosure, or auditing scope during the relevant periods. Additionally, no "reportable events" occurred as defined by Regulation S-K. The company confirmed that no consultations were held with Crowe LLP regarding accounting principles or reportable events prior to their engagement. No financial guidance or outlook is provided in this document.
Investor Verification Checklist
- Verify the completion of the 2024 fiscal year audit by Forvis Mazars to ensure a smooth transition.
- Review the letter from Forvis Mazars (Exhibit 7.1) to confirm their agreement with the company's disclosures regarding the dismissal.
- Monitor the upcoming Q1 2025 financial review to be conducted by the new auditor, Crowe LLP.
- Check for any future filings that might detail the rationale for the auditor change beyond the standard competitive process.