FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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 25, 1998
Timberland Bancorp, Inc.
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(Exact name of registrant as specified in its charter)
Washington 0-23333 91-1863696
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State or other jurisdiction Commission (I.R.S. Employer
of incorporation File Number Identification No.)
624 Simpson Avenue, Hoquiam, Washington 98550
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number (including area code): (360) 533-4747
Not Applicable
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(Former name or former address, if changed since last report)
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Item 4. Changes in Registrant's Certifying Accountant
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(a) On June 25, 1998, Dwyer Pemberton and Coulson, P.C., Tacoma,
Washington tendered, and the Registrant's Board of Directors accepted, its
resignation as the Registrant's certifying accountants effective that date.
The report of Dwyer Pemberton and Coulson, P.C. on the financial
statements of the Registrant for either of the last two fiscal years did not
contain an adverse opinion or a disclaimer of opinion and was not qualified or
modified as to uncertainty, audit scope, or accounting principles.
During the Registrant's two most recent fiscal years and subsequent
interim periods preceding the date of resignation by Dwyer Pemberton and
Coulson, P.C., the Registrant was not in disagreement with Dwyer Pemberton and
Coulson, P.C. on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure, which disagreement, if
not resolved to the satisfaction of Dwyer Pemberton and Coulson, P.C., would
have caused Dwyer Pemberton and Coulson, P.C. to make reference to the subject
matter of the disagreement in connection with its report.
The required letter from Dwyer Pemberton and Coulson, P.C.,
addressed to the Securities and Exchange Commission, with respect to the above
statements made by the Registrant is attached hereto as Exhibit 16 and
incorporated herein by reference.
(b) On June 25, 1998, the Registrant's Board of Directors, at the
recommendation of its Audit Committee, engaged Knight Vale & Gregory Inc.,
P.S., Tacoma, Washington as the Registrant's certifying accountants. The
Registrant has not consulted with Knight Vale & Gregory Inc., P.S. during its
two most recent fiscal years nor during any subsequent interim period prior to
its engagement regarding 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 Registrant's financial statements.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
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Exhibits
16 Letter of Dwyer Pemberton and Coulson, P.C.
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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.
TIMBERLAND BANCORP, INC.
Date: June 26, 1998 By: /s/Clarence E. Hamre
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Clarence E. Hamre
President and Chief Executive Officer
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Exhibit 16
Letter of Dwyer Pemberton and Coulson, P.C.
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[Letterhead of Dwyer Pemberton and Coulson, P.C.]
June 29, 1998
Securities and Exchange Commission
450 5th Street Northwest
Washington, District of Columbia 20549
We have been furnished with a copy of the response to Item 4 of Form 8-K for
the event that occurred on June 25, 1998, to be filed by our former client,
Timberland Bancorp, Inc. We agree with the statements made in response to
that item insofar as they relate to our firm.
Sincerely,
DWYER PEMBERTON & COULSON, P.C.
/s/Andrew G. Ritting, CPA
Andrew G. Ritting, CPA
Managing Shareholder
AGR:sf
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