UNITED STATES
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 Commission file No. 0-6764
reported) April 13, 2000
Mobile America Corporation
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(Exact name of registrant as specified in its charter)
Florida 59-1218935
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(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
10475 Fortune Parkway, Suite 103
Jacksonville, Florida 32256
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (904) 363-6339
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Item 4. Changes in Registrant's Certifying Accountants
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The firm of Cherry, Bekaert & Holland, LLP was previously the principal
accountants for Mobile America Corporation ("the Company"). On April 13, 2000,
that firm's appointment as principal accountants was terminated and KPMG LLP was
engaged as principal accountants. The decision to change accountants was
approved by the Company's audit committee of the board of directors.
The reports of Cherry, Bekaert & Holland, LLP on the Company's financial
statements for the two fiscal years ended December 31, 1999 did not contain an
adverse opinion or a disclaimer of opinion and were not qualified or modified as
to uncertainty, audit scope or accounting principles.
In connection with the audits of the two fiscal years ended December 31, 1999,
and the subsequent interim period through April 13, 2000, there were no
disagreements with Cherry, Bekaert & Holland, 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 to the subject matter of the disagreement in
connection with their reports.
During its two fiscal years ended December 31, 1999, and the subsequent interim
period through April 13, 2000, the Company did not consult with KPMG regarding
(i) the application of accounting principles to a specified transaction or the
type of audit opinion that might be rendered on the Company's financial
statements or (ii) any matter that was either the subject of a disagreement or a
reportable event.
Item 7. Financial Statements and Exhibits
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(c) Exhibits
16.1 Letter from Cherry, Bekaert & Holland, LLP regarding its
concurrence with the Registrant's statement regarding change of
accountants.
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.
Mobile America Corporation
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Registrant
April 18, 2000 By: /S/ Mark P. Brockelman
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Mark P. Brockelman
Vice President and Chief Financial
Officer
Exhibit 16.1 Letter from Cherry, Bekaert & Holland, L.L.P.
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April 17, 2000
Securities and Exchange Commission
450 Fifth Street N.W.
Washington, DC 20549
Ladies and Gentlemen:
We were previously principal accountants for Mobile America Corporation and
subsidiaries (the Company) and under date of March 17, 2000, we reported on the
consolidated financial statements of the Company as of December 31, 1999 and
1998 and for each of the years in the three-year period then ended. On April 13,
2000, our appointment as principal accountants was terminated. We have read the
Company's statements included under Item 4 of its Form 8-K dated April 13, 2000,
which we understand will be filed with the Commission, and we agree with such
statements contained therein insofar as they relate to our firm.
Very truly yours,
/s/ Cherry, Bekaert & Holland, L.L.P.
Cherry, Bekaert & Holland, L.L.P.
