-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LCsXaPfsJRBb2s5T4JnuLdrUELb6GePx2U5Ai3veHMHzGxaa7I9TtIPkE+x/g+IN sqq+3D+ZgQUOEtwutDUZnQ== 0000928385-96-001217.txt : 19960916 0000928385-96-001217.hdr.sgml : 19960916 ACCESSION NUMBER: 0000928385-96-001217 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19960829 ITEM INFORMATION: Changes in registrant's certifying accountant ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19960913 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST SAVINGS BANCORP INC CENTRAL INDEX KEY: 0000912836 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED [6036] IRS NUMBER: 560408240 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-27098 FILM NUMBER: 96629923 BUSINESS ADDRESS: STREET 1: P O BOX 1657 CITY: SOUTHERN PINES STATE: NC ZIP: 28388 BUSINESS PHONE: 9106926222 MAIL ADDRESS: STREET 1: P O BOX 1657 CITY: SOUTHERN PINES STATE: NC ZIP: 28388 8-K/A 1 FORM 8-K/A SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------------- FORM 8-K/A CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 -------------------- Date of Report (Date of Earliest Event Reported): August 29, 1996 --------------- FIRST SAVINGS BANCORP, INC. ------------------------------------- (Exact name of registrant as specified in its charter) United States 0-27098 56-1842701 ------------------------ ------------------------ -------------------- (State or other juris- (Commission File Number) (IRS Employer diction of incorporation Identification No.) or organization) 205 S.E. Broad Street, Southern Pines, North Carolina 28387 ------------------------------------------------------------------- (Address of principal executive office) (Zip Code) Registrant's telephone number, including area code: (910) 692-6222 -------------- Not Applicable ------------------------------------------------------- (Former name or former address, if changed since last report) EXHIBIT INDEX ON PAGE 4 PAGE 1 OF 5 Item 4. Changes In Registrant's Certifying Accountant. - ------ --------------------------------------------- (b) Deloitte & Touche LLP was the Company's independent auditor for the year ended June 30, 1996. The Company's decision to change Independent auditors was recommended by the Audit Committee and approved by the Executive Committee. As of August 29, 1996, Dixon, Odom & Co., L.L.P. has been engaged as the Company's new independent auditor, for the year ending June 30, 1997. Deloitte & Touche LLP's report on the Company's financial statements for the fiscal years ended June 30, 1996 and 1995 did not contain an adverse opinion or disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope or accounting principles. During such years and the subsequent interim period through August 29, 1996, there were no disagreements between the Company and Deloitte & Touche LLP on any matter of accounting principles or practice, financial statement disclosure or auditing scope or procedure which, if not resolved to the satisfaction of such auditor, would have caused it to make reference to the subject of such disagreement in connection with its reports. During its two most recent fiscal years and the subsequent interim period ended August 29, 1996, the Company has not consulted Dixon, Odom & Co., L.L.P. with regard 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, or (ii) any matter that was either the subject of a disagreement or a reportable event. A letter from Deloitte & Touche LLP regarding its concurrence with the statements made by the Company in this current report on Form 8-K/A is attached as Exhibit (16) hereto and incorporated herein by reference. Item 5. Other Events. The Company today announced that its Board of Directors has approved a Stock Repurchase Plan. The Board of Directors' approval is not in response to any proposed transaction, and the Company is not contemplating any specific stock repurchases at the present time. The Board of Directors' approval will allow management to make repurchases without further Board action when, and if, stock repurchases are deemed prudent after receipt of any regulatory approvals which may be necessary. Stock repurchases, if any, will be made in accordance with Rule 10b-18(b) of the Regulations issued under the Securities Act of 1934. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PAGE 2 OF 5 Item 7. Financial Statements and Exhibits. - ------ --------------------------------- (16) Letter regarding change in certifying accountant FIRST SAVINGS BANCORP, INC. Date: September 13, 1996 By: /s/ William E. Samuels, Jr. -------------------------- -------------------------------------- William E. Samuels, Jr. President and Chief Executive Officer PAGE 3 OF 5 EXHIBIT INDEX Exhibit No. Description Sequential Page No. - ----------- ----------- ------------------- (16) Letter regarding change in 5 certifying accountant PAGE 4 OF 5 EX-16 2 EXHIBIT 16 [LETTERHEAD APPEARS HERE] September 13, 1996 Securities and Exchange Commission Mail Stop 9-5 450 - 5th Street N.W. Washington, D.C. 20549 Dear Sirs/Madams: We have read and agree with the comments in Item 4 of Form 8-K/A of First Savings Bancorp, Inc. dated August 29, 1996. Yours truly, Deloitte & Touche LLP [LOGO APPEARS HERE] PAGE 5 OF 5 -----END PRIVACY-ENHANCED MESSAGE-----