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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
JUNE 29, 2000
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Date of Report (Date of earliest event reported)
BANCINSURANCE CORPORATION
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(Exact name of registrant as specified in its charter)
OHIO 0-8738 31-0790882
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) file number) Identification No.)
20 EAST BROAD STREET, COLUMBUS, OHIO 43215
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(Address of principal executive offices) (Zip Code)
614-228-2800
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Registrant's telephone number, including area code
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.
(a) Previous independent accountants
(i) On June 13, 2000, Bancinsurance Corporation ("BIC")
dismissed PricewaterhouseCoopers LLP as its independent accountants.
(ii) The reports of PricewaterhouseCoopers LLP on the
financial statements for the past two years contained no adverse
opinion or disclaimer of opinion and were not qualified or modified as
to uncertainty, audit scope or accounting principles.
(iii) The audit committee of BIC's board of directors
recommended the decision to change independent accountants and its
recommendation was approved by BIC's board of directors.
(iv) During the two most recent fiscal years and through June
13, 2000, there have been no disagreements with PricewaterhouseCoopers
LLP on any matter of accounting principles or practices, financial
statement disclosure or auditing scope or procedure that, if not
resolved to the satisfaction of PricewaterhouseCoopers LLP, would have
caused PricewaterhouseCoopers LLP to make reference to the subject
matter of the disagreement in connection with its report.
(v) During the two most recent fiscal years and through June
13, 2000, there have been no "reportable events" as defined in
Regulation S-K Item 304(a) (1) (v).
(vi) On June 13, 2000, BIC provided a copy of this disclosure
to PricewaterhouseCoopers LLP and requested that PricewaterhouseCoopers
LLP provide a letter addressed to the Commission stating whether or not
it agrees with the above statements. A copy of that letter dated June
26, 2000, and delivered to BIC on June 28, 2000, is filed as Exhibit 16
to this Form 8K/A.
(b) New independent accountants
On June 13, 2000, BIC engaged Ernst & Young LLP as its
independent accountants. Neither BIC nor anyone on its behalf has
consulted with Ernst & Young LLP regarding (1) either 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 or (2) any matter that was either the
subject of a disagreement or reportable event with
PricewaterhouseCoopers LLP as described in Regulation S-K Item 304 (a).
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
16 Letter from PricewaterhouseCoopers LLP regarding
change in certifying accountant.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Company has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
BANCINSURANCE CORPORATION
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(Company)
Date: June 29, 2000 By: /s/Si Sokol
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Si Sokol
Chief Executive Officer
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EXHIBIT INDEX
Exhibit No. Description
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16 Letter from PricewaterhouseCoopers LLP regarding change in
certifying accountant.
