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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 8, 1995
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SOUTHLAND NATIONAL INSURANCE CORPORATION
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(Exact name of registrant as specified in its charter)
Alabama 2-40019 63-0572745
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1812 University Blvd., Tuscaloosa AL 35401
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code (205) 345-7410
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None
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(Former name or former address, if changed since last report.)
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Item 4. Changes in Registrant's Certifying Accountants
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(a) The independent accounting firm of Jamison, Money, Farmer & Co.,
P.C., was approved by the Board of Directors and was subsequently approved by
the shareholders at the Annual Meeting held May 26, 1995 to serve as
independent auditors for the calender year 1995. Jamison, Money, Farmer & Co.,
P.C., served as independent auditors for the two calender years 1994, and 1993.
Due to staffing problems, Jamison, Money, Farmer & Co., P.C., has asked to be
removed from the appointment. The firm of Jamison, Money, Farmer & Co., P.C.,
has continued to serve as the Company's Independent auditor through September
8, 1995. The firm of Coopers & Lybrand, L.L.P., has been engaged to serve as
independent auditor for the calender year 1995, beginning September 8, 1995.
(b) The Company believes there were no disagreements with Jamison,
Money, Farmer & Co., P.C., within the meaning of Instruction 4 of Item 304 of
Regulation S-K on any matter of accounting principles or practice, financial
statement disclosures, or auditing scope or procedure in connection with the
audits of the Company's consolidated financial statements for the calendar
years 1994 and 1993 which if not resolved to their satisfaction would have
caused Jamison, Money, Farmer & Co., P.C., to issue an adverse opinion,
disclaimer of opinion, a qualified opinion or a modified opinion as to
uncertainty, audit scope or accounting practices.
(c) During the two most recent calendar years and through the present,
there have been no reportable events (as defined in Item 304 of Regulation S-K)
with Jamison, Money, Farmer & Co., P.C. Southland National Insurance
Corporation has not consulted with Coopers & Lybrand, L.L.P., regarding the
application of accounting principles to a specified transaction or the type of
audit opinion that might be rendered on the Registrant's consolidated financial
statements during the two most recent calendar years through present.
(d) A letter from Jamison, Money, Farmer & Co., P.C., addressed to the
Securities and Exchange Commission is included as Exhibit 16 to this Form 8-K.
Such letter states that such firm agrees with the statements made by the
Company in this Item 4.
(e) The change of auditors was approved by resolution of the Board of
Directors of the Company on September 8, 1995.
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Item 7. Financial Statements and Exhibits
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(c) Exhibits
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Number Description
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16 Letter from Jamison, Money, Farmer & Co., P.C. to the Securities and
Exchange Commission included herein pursuant to the requirements of
Item 304(a)(3) of Regulation S-K.
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SIGNATURE
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.
SOUTHLAND NATIONAL INSURANCE CORPORATION
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By /s/ Ronald J. Koch
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Ronald J. Koch
Secretary/Treasurer
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EXHIBIT 16
JAMISON, MONEY, FARMER & CO., P.C.
2619 UNIVERSITY BLVD
TUSCALOOSA AL 35403
Securities and Exchange Commission
450 - 5th Street NW
Washington D.C. 20549
Dear Sirs:
We have been furnished with a copy of the response to Item 4 of Form 8-K for
the event that occurred on September 8, 1995, to be filed by our former client,
Southland National Insurance Corporation. We agree with the statements made in
response to that item insofar as they relate to our firm.
Very Truly Yours,
By: /s/ Jamison, Money, Farmer & Co., P.C.
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