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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K/A
AMENDMENT NO. 1
To
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 19, 1999
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CNB HOLDINGS, INC.
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(Exact name of registrant as specified in its charter)
Georgia 0-23991 58-2362335
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
7855 NORTH POINT PARKWAY, SUITE 200, ALPHARETTA, GEORGIA 30022-4849
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(Address of principal executive offices) Zip Code)
Registrant's telephone number, including area code (770) 650-8262
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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.
(c) Exhibits:
Exhibit 16.1 Letter Regarding Change in Certifying Accountant.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this Report to be signed on its behalf
by the undersigned hereunto duly authorized.
CNB HOLDINGS, INC.
By: /s/ H.N. Padget, Jr.
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H.N. Padget, Jr.
President and Chief Executive Officer
Date: June 8, 1999
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EXHIBIT INDEX
Exhibit No. Description of Exhibit
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16.1 Letter Regarding Change in Certifying Accountant.
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Exhibit 16.1
June 8, 1999
Office of the Chief Accountant
Securities and Exchange Commission
450 5th Street, N.W.
Washington, D.C. 20549
Gentlemen:
We were previously principal accountants for CNB Holdings, Inc. and
subsidiary (the "Company"), and under the date of January 29, 1999, we
reported on the consolidated financial statements of the Company as of and
for the year ended December 31, 1998. The financial statements of CNB
Holdings, Inc. (a Development Stage Corporation) for the period from
inception (November 5, 1997) ("Inception") to December 31, 1997, were audited
by Bricker & Melton, P.A., whose practice has been combined with our Firm
and whose report dated February 27, 1998, expressed an unqualified opinion on
those statements; such report contained an explanatory paragraph relating to
the Company's ability to continue as a going concern.
On May 24, 1999, BDO Seidman, LLP received verbal notification that our
appointment as principal accountants was terminated on May 19, 1999. We have
read the Company's statements included under Item 4 of its Form 8-K dated May
25, 1999, and we agree with the statements made in response to that item
insofar as they relate to our Firm, except that we are not in a position to
agree or disagree with the Company's statements that (a) the dismissal of BDO
Seidman, LLP and the engagement of Mauldin & Jenkins, LLC were approved by
the Board of Directors of the Company, or (b) during the fiscal year ended
December 31, 1998, the period from Inception through December 31, 1997, and
for the unaudited interim period through May 19, 1999, neither the Company
nor any of its representatives sought the advice of Mauldin & Jenkins, LLC
regarding the application of accounting principles to a specific completed or
contemplated transaction or the type of audit opinion that might by rendered
on the Company's consolidated financial statements, which advice was an
important factor considered by the Company in reaching a decision as to the
accounting, auditing or financial reporting issues.
Very truly yours,
/s/ BDO Seidman, LLP
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BDO Seidman, LLP
ds
