8-K 1 aim85_8k-0602.txt FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: (Date of Earliest Event Reported): June 7, 2002 (May 28, 2002) AMERICAN INSURED MORTGAGE INVESTORS - SERIES 85, L.P. (Exact name of registrant as specified in its charter) California 1-11059 13-3257662 (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) 11200 Rockville Pike Rockville, Maryland 20852 (Address of principal executive offices, including zip code, of Registrant) (301) 816-2300 (Registrant's telephone number, including area code) 2 Item 4. Changes in Registrant's Certifying Accountant ------------------------------------------------------ On June 5, 2002, CRIIMI, Inc., a wholly owned subsidiary of CRIIMI MAE Inc. and the general partner ("General Partner") of American Insured Mortgage Investors - Series 85, L.P. (the "Partnership") selected Ernst & Young LLP as the Partnership's independent auditors for the Partnership's financial statements for the year ending on December 31, 2002. Ernst & Young LLP will commence its engagement as the Partnership's independent auditors with the review of the Partnership's financial statements for the second quarter of 2002. During the years ended December 31, 2001 and 2000 and the subsequent interim period through the date of this Form 8-K, neither the Partnership, the General Partner, nor anyone on its behalf consulted Ernst & Young LLP with respect to 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 Partnership's financial statements, or any other matters or reportable events listed in Items 304(a)(2)(i) and (ii) of Regulation S-K. The General Partner reported the selection of Ernst & Young LLP in a press release dated June 5, 2002, which is incorporated by reference herein. Item 5. Other Events. ---------------------- Attached as an exhibit to this Current Report on Form 8-K is a press release issued by the General Partner on June 5, 2002 announcing the resignation of Alan M. Jacobs from the Board of Directors of the General Partner. The above referenced press release is incorporated by reference herein. Item 7. Financial Statements and Exhibits. ------------------------------------------- (c) Exhibit. The following exhibit is filed with this report: Exhibit 99 - Press Release dated June 5, 2002. 3 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. AMERICAN INSURED MORTGAGE INVESTORS - SERIES 85, L.P. By: CRIIMI, Inc. General Partner Dated: June 7, 2002 By: /s/ William B Dockser --------------------- William B. Dockser Chairman of the Board 4 EXHIBIT INDEX Exhibit No. Description -------------------------------------------------------------------------------- *99 Press Release dated June 5, 2002 *Filed herewith.