FORM 8-K/A
UNITED STATES
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 28, 2001
BWC FINANCIAL CORP.
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(Exact name of Registrant as specified in its Charter)
California 0-10658 94-262100
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
1400Civic Drive, Walnut Creek, California 94596
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (925) 932-5353
N/A
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(Former name, former address, and former fiscal year, if changed since last
report)
Item 4. Changes in Registrant's Certifying Accountant
a) On August 28, 2001, BWC Financial Corp. the "Company") decided to
terminated Arthur Andersen LLP as principal accountants and engaged Moss
Adams LLP as the Company's principal accountants for the fiscal year ending
December 31, 2001. The decision to change principal accountants was
approved by the Audit Committee of the Company's Board of Directors.
In connection with the audits of the two fiscal years ended December
31, 2000 and the interim period of 2001 preceding the Company's decision,
there were no disagreements with Arthur Andersen LLP on any matter of
accounting principles or practices, financial statement disclosure, or
auditing scope or procedures, which disagreements if not resolved to their
satisfaction would have caused them to make reference to the subject
matters of the disagreements in connection with their opinion; and there
were no reportable events as described in Item 304 (a) (1) (v) of the
Securities and Exchange Commission's Regulation S-K.
The audit reports of Arthur Andersen LLP on the Company's consolidated
financial statements as of and for the years ended December 31, 2000, 1999
and 1998, did not contain an adverse opinion or disclaimer of opinion, nor
were they qualified or modified as to uncertainty, audit scope, or
accounting principles.
The Company has requested that Arthur Andersen LLP furnish the Company
with a letter addressed to the Securities and Exchange Commission, stating
whether they agree with the statements made in this Item 4, and if not,
stating the respects in which they do not agree. This letter is filed as an
exhibit to this amendment to the Report.
b) As of August 28, 2001, the Company notified Moss Adams LLP of its
decision to engage their firm as its principal accountant for 2001. During
1998, 1999 and 2000 and the interim periods of 2001 preceding the Company's
decision, neither the Company nor anyone acting on its behalf consulted
with Moss Adams LLP regarding (i) either the application of accounting
principles to a specific 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 with Arthur Andersen LLP or a reportable event with respect to
Arthur Andersen LLP.
SIGNATURES
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 thereunto duly authorized.
BWC FINANCIAL CORP. CORPORATION
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Registrant
DATE: September 5, 2001 BY: /s/ Leland E. Wines
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Leland E. Wines
Executive Vice President, Chief Financial
Officer