SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 10-K/A
(AMENDMENT NO. 1)
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT
OF 1934
For the fiscal year ended December 31, 1998
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from _____________ to _________________
Commission file number 0-22399
HARRIS FINANCIAL, INC.
(Exact name of registrant as specified in its charter)
PENNSYLVANIA 23-2889833
(State or other jurisdiction (IRS Employer Identification Number)
of incorporation or organization)
235 North Second Street, PO Box 1711, Harrisburg, Pennsylvania 17105
(Address of principal executive offices) (Zip Code)
(717) 236-4041
(Registrant's telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:
Securities registered pursuant to Section 12(g) of the Act: Common Stock $.01
per share, par value
Indicate by check mark whether the registrant; (1) has filed all reports
required to be filed by Section 13 or 15 (d) of the Securities and Exchange Act
of 1934 during the preceding 12 months (or such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes X No ____
Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K is not contained herein, and will not be contained, to the
best of the registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K or any
amendment to this form 10-K.
The aggregate market value of the shares of Common Stock of the Registrant
held by nonaffiliates of the Registrant was $102,170,338 at March 15, 1999.
As of March 15, 1999, the Registrant had 33,592,700 shares of Common Stock
outstanding.
DOCUMENTS INCORPORATED BY REFERENCE:
The Registrant's definitive Proxy Statement to be used in connection with its
1999 Annual Meeting of Shareholders is incorporated herein by reference in
partial response to Part III, hereof.
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HARRIS FINANCIAL, INC.
PART I
This amendment to the Form 10-K Annual Report of Harris Financial, Inc. is
solely being filed to include the Independent Auditors' Report of Arthur
Andersen LLP.
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
<PAGE>
[Letterhead of Arthur Andersen LLP]
To the Board of Directors of
Harris Financial, Inc.
We have audited the accompanying consolidated statements of financial condition
of Harris Financial, Inc. and Subsidiaries as of December 31, 1998 and 1997, and
the related consolidated statements of income, stockholders' equity, and cash
flows for the years then ended. These financial statements are the
responsibility of the Company's management. Our responsibility is to express an
opinion on these financial statements based on our audits. The financial
statements of Harris Financial, Inc. for the year ended December 31, 1996 were
audited by other auditors whose report dated January 21, 1997, expressed an
unqualified opinion on those statements.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the consolidated financial position of Harris Financial,
Inc. and Subsidiaries as of December 31, 1998 and 1997, and the consolidated
results of their operations and cash flows for the years then ended in
conformity with generally accepted accounting principles.
\s\ Arthur Andersen LLP
Lancaster, PA
January 19, 1999
<PAGE>
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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.
DATED: April 7, 1999 HARRIS FINANCIAL, INC.
(Registrant)
By: \s\ James L. Durrell
James L. Durrell
Executive Vice President and
Chief Financial Officer
(Duly Authorized Representative)
