Item 4.01. Changes in Registrant’s Certifying Accountant.
Sabine Royalty Trust (the “Trust”) determined not to retain Deloitte & Touche LLP (“Deloitte”) as its independent
registered public accounting firm, effective as of June 1, 2016, and has engaged Weaver and Tidwell, L.L.P (“Weaver”) as its new independent registered public accounting firm effective as of June 1, 2016. The decision to change
accountants was recommended and approved by Southwest Bank, the Trustee of the Trust (the “Trustee”).
On June 1, 2016, the
Trust dismissed Deloitte as its independent registered public accounting firm.
The reports of Deloitte on the Trust’s financial
statements as of and for the years ended December 31, 2015 and 2014 did not contain an adverse opinion or disclaimer of opinion nor were they qualified or modified as to uncertainty, audit scope, or accounting principles.
During the two most recent fiscal years ended December 31, 2015 and 2014, and in the subsequent interim period through the June 1,
2016 effective date of the change, there were no disagreements with Deloitte on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the
satisfaction of Deloitte, would have caused them to make a reference to the subject matter of the disagreements in connection with their report. In addition, there were no reportable events of the kind defined in Item 304(a)(1)(v) of Regulation
S-K under the Securities Exchange Act of 1934, as amended (“Regulation S-K”).
The Trust provided Deloitte with a copy of the
foregoing disclosures and has requested that Deloitte furnish the Trust with a letter addressed to the Securities and Exchange Commission stating whether or not Deloitte agrees with such disclosures, and if not, stating the respects in which they do
not agree. The Trust has received the requested letter from Deloitte, and a copy of the letter is filed as Exhibit 16.1 to this Current Report on Form 8-K.
On June 1, 2016, upon the approval of the Trustee, the Trust engaged Weaver as its independent registered public accounting firm
effective as of June 1, 2016. During the two most recent fiscal years ended December 31, 2015 and 2014, and in the subsequent interim period through the June 1, 2016 effective date of the change, the Trust has not consulted Weaver
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 the Trust’s financial statements, and neither a written report was provided to the Trust nor oral advice was provided that Weaver concluded was an
important factor considered by the Trust 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 defined 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 described in Item 304(a)(1)(v) of Regulation S-K).