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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
JUNE 20, 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.
(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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* To be filed by amendment.
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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 20, 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.
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* To be filed by amendment.
