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 30, 1999
Abigail Adams National Bancorp, Inc.
----------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 0-10971 52-1508198
--------------------------- ---------------- ----------------
(State or other jurisdiction (SEC File Number) (I.R.S. Employer
of incorporation) Identification No.)
Registrant's telephone number, including area code: (202) 466-4090
Not Applicable
(Former name or former address, if changed since last report)
<PAGE>
Item 4. Change of Accountants
---------------------
On September 30, 1999, the Board of Directors of the Registrant determined
to change their outside accounting firm to Keller Bruner & Company, LLP from
Arthur Andersen, LLP. During each of the past two years, the opinion of Arthur
Andersen, LLP did not contain any adverse opinion as a disclaimer of opinion and
was not qualified or modified as to uncertainty, audit scope or principal.
During the preceding two years, the Registrant had no disagreements with Arthur
Andersen, LLP on any matter of accounting principles or practices, financial
statement disclosure or auditing scope or procedure. None of the events
described at Regulation 304(a)(1)(V) of Regulation S-K took place within the
preceding two years. Keller Bruner & Company, LLP's engagement is effective
September 30, 1999.
Exhibits
- --------
1. Letter to Arthur Anderson LLP
<PAGE>
[Letterhead of Abigail Adams]
September 30, 1999
Ms. Shirley Edwards
Arthur Anderson, LLP
800 Towers Crescent Drive
Vienna, VA 22182-2725
Dear Ms. Edwards:
As you know, over the past three years, Abigail Adams National Bancorp, Inc. has
utilized Arthur Anderson, LLP as the Company's independent auditing firm.
Unfortunately, the costs of engaging Arthur Anderson, LLP have become very
significant, especially in comparison to some of the regional accounting firms
familiar with the audit of financial institutions. Regretfully, I must advise
you that the Board of Directors of Abigail Adams National Bancorp, Inc. has
determined to retain Keller Bruner & Company, LLP as the Company's independent
auditors for the fiscal year ended December 31, 1999.
I would like to acknowledge that the Board's decision was not the result of any
disagreement with you, or Arthur Anderson, LLP, on any matter of accounting
principles or practices, financial statement disclosure, or auditing scope or
procedures.
Sincerely,
/s/ Kathleen Walsh Carr
Kathleen Walsh Carr
President & Chief Executive Officer
The Adams National Bank
/mdd
<PAGE>
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.
ABIGAIL ADAMS NATIONAL BANCORP, INC.
DATE: October 1, 1999 By: /s/ Jeanne D. Hubbard
--------------------------------
Jeanne D. Hubbard
Chief Executive Officer and
Chairwoman of the Board
