U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
PURSUANT TO SECTION 13 OR 15 (D) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): March 10, 1999
CROWELL & CO., INC.
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(Exact name of registrant as specified in its charter)
GEORGIA 0-7765 58-1021933
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(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation) File Number) Identification No.)
610 INDUSTRIAL PARK BOULEVARD, EVANS, GA 30809
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(Address of Principal executive offices) (Zip Code)
Registrant's telephone number including area code: (706) 855-1099
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CROWELL & CO., INC.
INDEX
PAGE
ITEM 4 Changes in Registrant's Certifying Accountant .................. 3
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CROWELL & CO., INC.
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
On March 10, 1999, Crowell & Co., Inc. ("Crowell"), engaged Elliott, Davis &
Company, L.L.P., to serve as independent auditors. On March 3, 1999, Cherry,
Bekaert, & Holland, L.L.P. ("CB&H"), was dismissed as independent auditors of
Crowell.
CB&H's report on the financial statements for the years ended December 31, 1997
and 1996, did not contain an adverse opinion or a disclaimer of opinion nor was
it modified as to uncertainty, audit scope or accounting principles.
The board of directors of Crowell approved the change in independent auditors.
There were no disagreements with the Company's prior independent auditors, CB&H,
within the two-year period ended December 31, 1997 and the interim period of
January 1, 1998 through August 21, 1998, the date of CB&H's report on Crowell's
financial statements for the years ended December 31, 1997 and 1996. CB&H has
not performed any services for Crowell since CB&H issued their report on the
1997 and 1996 financial statements. CB&H's report on Crowell's financial
statements for the years ended December 31, 1997 and 1996, contained an
unqualified opinion.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act, the registrant
has duly caused this report to be signed on its behalf by the undersigned,
hereunto duly authorized.
CROWELL & CO., INC.
DATE March 10, 1999 /s/ Mark L. Gilliam
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Mark L. Gilliam as Vice President on
Behalf of the registrant and as Chief
Financial Officer
Cherry
Bekaert &
Holland, L.L.P.
[LOGO]
May 13, 1999
Office of the Chief Accountant
Securities and Exchange Commission
Mail Stop 11-3
450 Fifth Street, N.W.
Washington, D.C. 20549
via fax to 202-942-9656
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Re: Crowell & Co., Inc.
Commission File Number 0-7765
Dear Sirs:
We received notice on May 12, 1999, of the filing by Crowell & Co., Inc. ("the
Company") of an amended Form 8-K on May 13, 1999.
We agree with the statements in the amended Form 8-K in the following respects:
We were dismissed as the independent auditors of the Company on March 3,
1999.
There were no disagreements with the Company within the two-year period
ended December 31, 1997 on matters of accounting principles or practices,
financial statement disclosure, or auditing scope of procedure; or during
the interim period of January 1, 1998 through August 21, 1998, the date of
our report on the Company's financial statements for the years ended
December 31, 1997 and 1996. We have not performed any services for the
Company since we issued our report on the 1997 and 1996 financial
statements. Our report on the Company's financial statements for the years
ended December 31, 1997 and 1996 contain an unqualified opinion.
We have no knowledge of the other events described by the Company in the filing.
Yours very truly,
CHERRY, BEKAERT & HOLLAND, L.L.P.
/s/ Stephen D. Farmer
Stephen D. Farmer, CPA
Partner
cc: Mr. Mark L. Gilliam
Crowell & Co., Inc.
Cherry, Bekaert & Holland, L.L.P.
1029 Greene Street (30901) o P.O. Box 2247 o Augusta, GA 30903
(706) 724-3557 o Fax (706) 724-1667
Offices Throughout The Southeast o Represented Internationally Through
Summit International Associates, Inc.
