SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K/A
AMENDMENT NO. 1
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported) - May 27, 1999
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PARAMOUNT FINANCIAL CORPORATION
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(Exact Name of Registrant as Specified in its Charter)
Delaware 0-27190 11-3072768
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(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
One Jericho Plaza, Jericho, New York 11753
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code - (516) 938-3400
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Not Applicable
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(Former Name or Former Address, if changed since last report)
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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
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(c) Exhibits
Exhibit No.: Description
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16 Letter re Change in Certifying Accountant
from Arthur Andersen LLP, dated June 16,
1999.
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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 hereunto duly authorized.
PARAMOUNT FINANCIAL CORPORATION
Date: June 17, 1999 By: /s/ Glenn Nortman
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Glenn Nortman, Chief Executive Officer
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<PAGE>
EXHIBIT INDEX
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Exhibit Description
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16 Letter re Change in Certifying Accountant from Arthur
Andersen LLP, dated June 16, 1999.
ARTHUR
ANDERSEN
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Arthur Andersen LLP
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1345 Avenue of the Americas
New York NY 10105-0032
June 16, 1999
Office of the Chief Accountant
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Dear Sir/Madam:
We have read Item 4 included in the Form 8-K dated May 27, 1999
of Paramount Financial Corporation to be filed with the
Securities and Exchange Commission and are in agreement with the
statements contained therein.
Very truly yours,
ARTHUR ANDERSEN LLP
