SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13(a) or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported): August 27, 1996
ABIGAIL ADAMS NATIONAL BANCORP, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-10971 52-1508198
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
1627 K Street, Washington, DC 20006
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (202-466-4090)
Page 1 of 6 total pages Exhibit Index appears on page 5
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Item 4. Changes in Registrant's Certifying Accountant
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Upon recommendation of the Audit Committee, the Company solicited bids for the
audit of the Company's financial statements. KPMG Peat Marwick LLP was
previously the Company's and the Bank's principal independent public accountants
in 1995 and had served the Company and the Bank in that capacity since their
organization. On August 27, 1996, KPMG's appointment as principal accountants
was terminated and Arthur Andersen LLP was engaged as principal accountants. The
decision to change accountants was approved by the Audit Committee of the Board
of Directors.
In connection with the audits as of December 31, 1995 and 1994 and for each of
the years in the three year period ended December 31, 1995 and the subsequent
interim period through August 27, 1996, there were no disagreements with KPMG
Peat Marwick LLP on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedures, which disagreements if
not resolved to their satisfaction would have caused them to make reference in
connection with their opinion to the subject matter of the disagreement.
The audit reports of KPMG Peat Marwick LLP on the consolidated financial
statements of the Company and the Bank as of December 31, 1995 and 1994 and for
each of the years in the three year period ended December 31, 1995, did not
contain any adverse opinion or disclaimer of opinion, nor were they qualified or
modified as to uncertainty, audit scope, or accounting principles. A letter from
KPMG Peat Marwick LLP is included as Exhibit 1.
2
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Item 7. Financial Statements and Exhibits
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Exhibit No. Description
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1. Letter to Securities and Exchange Commission from KPMG Peat
Marwick LLP regarding resignation as principal accountants
for Abigail Adams National Bancorp, Inc.
3
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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.
ABIGAIL ADAMS NATIONAL BANCORP, INC.
Date: September 4, 1996 By: /s/ Kimberly J. Levine
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Kimberly J. Levine
Senior Vice President, Treasurer
Chief Financial Officer
4
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EXHIBIT INDEX
Page at Which
Exhibit Appears
in Sequentially
Exhibit No. Description Numbered Copy
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1 Letter to Securities and Exchange 6
Commission from KPMG Peat Marwick LLP
regarding resignation as principal
accountants for Abigail Adams
National Bancorp, Inc.
5
Exhibit 1
September 4, 1996
Securities and Exchange Commission
Washington, D.C. 20549
Ladies and Gentlemen:
We were previously principal accountants for Abigail Adams National Bancorp,
Inc. and subsidiary and, under the date of January 26, 1996, we reported on the
consolidated financial statements of Abigail Adams National Bancorp, Inc. and
subsidiary as of December 31, 1995 and 1994 and for each of the years in the
three year period ended December 31, 1995. On August 27, 1996, our appointment
as principal accountants was terminated. We have read Abigail Adams National
Bancorp, Inc. and subsidiary's statements included under Item 4 of its Form 8-K
dated September 4, 1996, and we agree with such statements.
Very truly yours,
/s/ KPMG Peat Marwick LLP
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KPMG Peat Marwick LLP
