SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): June 30, 1997
Kinnard Investments, Inc.
(Exact Name of Registrant as Specified in its Charter)
Minnesota
(State or Other Jurisdiction of Incorporation)
0-9377 41-0972952
(Commission File Number) (I.R.S. Identification No.)
920 Second Avenue South
Minneapolis, Minnesota 55402
(Address of Principal Executive Offices; Zip Code)
(612) 370-2700
(Registrant's Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
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Item 4. Changes in Registrant's Certifying Accountant.
(a) On June 30, 1997 the Registrant has dismissed Deloitte & Touche, LLP
("Deloitte") as its independent auditor effective as of August 29, 1997.
Deloitte's reports on the Registrant's financial statements for the past two
years have not contained any adverse opinion or disclaimer of opinion, or been
qualified or modified as to uncertainty, audit scope or accounting principles.
The dismissal of Deloitte was recommended by the Audit Committee and approved by
the Board of Directors of the Registrant.
The Registrant dismissed Deloitte as its auditor because in the
Registrant's view the filing of two class action lawsuits against the Registrant
involving a company whose financial statements were also audited by Deloitte
raised issues with respect to the independence of Deloitte in its service as the
Registrant's auditor.
During the Registrant's two most recent fiscal years and the subsequent
interim period preceding Deloitte's dismissal, there have been no disagreements
between the Registrant and Deloitte regarding any matter of the Registrant's
accounting principles or practices, financial statement disclosure, or auditing
scope or procedure, which disagreement, if not resolved to the satisfaction of
Deloitte, would have caused Deloitte to make reference to the subject matter of
the disagreement in connection with its report on the Registrant's financial
statements.
(b) The Registrant is engaged in the process of retaining a new auditor but
has not yet engaged one.
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.
KINNARD INVESTMENTS, INC.
By /s/ Hilding C. Nelson
Hilding C. Nelson, Chairman
Date: July 7, 1997
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
EXHIBIT INDEX
to
June 30, 1997 Form 8-K Current Report
KINNARD INVESTMENTS, INC.
Exhibit Index Description
16 Letter from Deloitte & Touche LLP - To
be filed by Amendment
