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UNITED STATES
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): October 30, 2000
TOWER FINANCIAL CORPORATION
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(Exact name of registrant as specified in its charter)
Indiana 000-25287 35-2051170
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
116 East Berry Street, Fort Wayne, Indiana 46802
(Address of principal executive offices)
Registrant's telephone number, including area code: (219) 427-7000
Not Applicable
(Former name or former address, if changed since last report)
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
On October 30, 2000, Tower Financial Corporation (the "Company") dismissed
PricewaterhouseCoopers LLP ("PWC") as the Company's principal independent
accountants. PWC had been the Company's principal independent accountant since
the Company's organization on July 8, 1998.
PWC's reports on the Company's financial statements for the years ended
December 31, 1998 and December 31, 1999 did not contain an adverse opinion or
disclaimer or opinion, and neither report was modified as to uncertainty, audit
scope, or accounting principles. The Company's decision to change accountants
was approved by the Company's Audit Committee and the Board of Directors.
During the last two years ended December 31, 1998 and 1999 and the interim
period through October 30, 2000, there were no disagreements with PWC as
described in Item 304(a)(1)(iv) of Regulation S-B.
The Company has requested PWC furnish it with a letter addressed to the
Securities and Exchange Commission stating whether or not PWC agrees with the
statements contained herein. A copy of PWC's letter is attached as an exhibit to
this report.
On October 30, 2000, the Company engaged Crowe Chizek and Company LLP to
act as the Company's principal independent accountants. Crowe Chizek and Company
LLP will replace PWC.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(1) Financial Statements: None
(2) Pro Forma Financial Statements: None
(3) Exhibits:
Exhibit No. Description
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16 Letter on change in certifying account
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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.
Dated: November 2, 2000 TOWER FINANCIAL CORPORATION
By: /s/ Donald F. Schenkel
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Donald F. Schenkel, Chairman of the Board,
President, and Chief Executive Officer
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