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): April 17, 1997
FIRST MANISTIQUE CORPORATION
(Exact name of Registrant as specified in its charter)
Michigan
(State or other jurisdiction of incorporation)
2-54663 38-2062816
(Commission File Number) (I.R.S. Employer Identification No.)
130 South Cedar Street, Manistique, Michigan
(Address and Zip Code of Principal Executive Offices)
(906) 341-8401
(Registrant's Telephone Number, Including Area Code)
(Former name or former address, if changed since last report)
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Item 4 - Changes in Registrant's Certifying Accountant.
(a) Dismissal of Current Independent Accounting Firm. Effective April 17, 1997,
pursuant to the direction and authorization of its Board of Directors,
Registrant dismissed the certified public accounting firm of Crowe, Chizek
and Company LLP as its independent accounting firm. The reports of Crowe,
Chizek and Company LLP on Registrant's financial statements for the
immediately preceding two year periods did not contain an adverse opinion
or disclaimer of opinion, nor was either report qualified as to
uncertainty, audit scope or accounting principles. Crowe, Chizek and
Company LLP served the Registrant as its independent accounting firm and
auditor for the past two years, commencing January 2, 1995.
During the Registrant's two most recent fiscal years and during the period
commencing January 1, 1997 and ending April 17, 1997, there were no
"disagreements" between Registrant and Crowe, Chizek and Company LLP
regarding any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure required to be
disclosed under Item 304(a)(1)(iv) of Regulation S-K, nor were there any
"reportable events" during such time periods as that term is described in
Item 304(a)(1)(v) of Regulation S-K.
The letter from Crowe, Chizek and Company LLP requested by Registrant to be
addressed to the Securities and Exchange Commission in accordance with Item
304(a)(3) of Regulation S-K regarding its agreement with the foregoing,
accompanies this Report as Exhibit A.
(b) Engagement of New Independent Accounting Firm. Effective April 17, 1997,
pursuant to the direction and authorization of its Board of Directors, the
Registrant engaged, as its principal independent accounting firm to audit
the Registrant's financial statements, the accounting firm of Wipfli,
Ullrich, Bertelson. During the Registrant's two most recent fiscal years
and during the period commencing January 1, 1997 and ending April 17, 1997,
the Registrant did not, except as discussed below, consult Wipfli, Ullrich,
Bertelson regarding: (1) the application of accounting principles to a
specified transaction, either completed or proposed; (2) the type of audit
opinion that might be rendered on Registrant's financial statements; or (3)
any matter that was either the subject of "disagreement" or a "reportable
event" between Registrant and the certified public accounting firm then
serving Registrant, as such terms are defined and described in Item 304 of
Regulation S-K. During the year, management consulted with Wipfli, Ullrich,
Bertelson as to the accounting treatment of a certain impaired loan. Crowe,
Chizek and Company LLP concurred with Wipfli, Ullrich, Bertelson's
categorization of this loan as impaired.
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Item 7 - Financial Statements and Exhibits
(16) Letter Regarding Change in Certifying Accountant Received From Crowe,
Chizek and Company LLP (Attached as Exhibit A).
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.
FIRST MANISTIQUE CORPORATION
Dated: April 17, 1997 By /s/ Richard B. Demers
Richard B. Demers
Chief Operating Officer
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EXHIBIT A
Securities and Exchange Commission
450 5th Street N.W.
Washington, DC 20549
Gentlemen:
We have reviewed and agree with the comments in Item 4 of Form 8-K of First
Manistique Corporation dated April 17, 1997.
/s/ Crowe, Chizek and Company LLP
Crowe, Chizek and Company LLP
Grand Rapids, Michigan
April 21, 1997
