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)
September 18, 1998
CARNEGIE FINANCIAL CORPORATION
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(Exact name of Registrant as specified in its Charter)
Pennsylvania 0-24579 25-1806857
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(State or other jurisdiction (SEC File No.) (IRS Employer
of incorporation) Identification
Number)
17 West Mall Plaza, Pittsburgh, Pennsylvania 15106-2404
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (412) 276-1266
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Not Applicable
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(Former name or former address, if changed since last Report)
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CARNEGIE FINANCIAL CORPORATION
INFORMATION TO BE INCLUDED IN REPORT
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Item 4. Changes in Registrant's Certifying Accountant
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On September 18, 1998, the board of directors of the registrant
determined to engage S.R. Snodgrass, A.C. as its independent auditors for the
fiscal year ended December 31, 1998. On September 14, 1998, the registrant
notified Goff Ellenbogen Backa & Alfera, LLC ("GEBA"), its independent auditors
for the fiscal years ended December 31, 1997 and 1996, of this determination and
that GEBA would not continue to be engaged for the fiscal year ending December
31, 1998. On September 14, 1998, the registrant had orally advised GEBA that the
board of directors of the registrant would likely consider this matter during a
meeting on September 18, 1998. The determination to replace GEBA was approved by
the full board of directors of the registrant.
The reports of GEBA for the fiscal years ended December 31, 1997 and
1996 contained no adverse opinion or disclaimer of opinion and were not
qualified or modified as to uncertainty, audit scope or accounting principles.
During the fiscal years ended December 31, 1997 and 1996 and during the period
from December 31, 1997 to September 18, 1998, there were no disagreements
between the registrant and GEBA concerning accounting principles or practices,
financial statement disclosure, or auditing scope or procedure.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
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(c) Exhibits:
Exhibit No. 16 - Letter regarding change in certifying accountant
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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, thereunto duly authorized.
CARNEGIE FINANCIAL CORPORATION
Date: September 22, 1998 By: /s/ Shirley Chiesa
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Shirley Chiesa
President
EXHIBIT 16
LETTER REGARDING CHANGE IN CERTIFYING ACCOUNTANT
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[Goff Ellenbogen Backa & Alfera, LLC letterhead]
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Pursuant to 17 C.F.R. ss.228.304(a)(3), we have reviewed the language
under the heading "Item 4. Changes in Registrant's Certifying Accountant" in the
Current Report on Form 8-K, dated September 18, 1998, to be filed with the
Securities and Exchange Commission by Carnegie Financial Corporation. We agree
with the statements contained therein. However, aside from the receipt of
notification of such action, we have no basis for making a determination whether
the board of directors met concerning this matter.
/s/ Goff Ellenbogen Backa & Alfera, LLC
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Goff Ellenbogen Backa & Alfera, LLC
September 15, 1998
Pittsburgh, Pennsylvania
