SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K/A
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported)
June 30, 1999
INDIANA UNITED BANCORP
(Exact Name of Registrant as Specified in its Charter)
INDIANA
(State or Other Jurisdiction of Incorporation)
0-12422 35-1562245
(Commission File Number) (I.R.S. Employee Identification No.)
201 N. BROADWAY, GREENSBURG, INDIANA 47240
(Address of principal executive offices) (Zip Code)
(812) 663-0157
Registrant's telephone number, including area code:
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Registrant is filing this amendment to its Current Report on Form 8-K
filed April 7, 1999, for the purpose of stating the date on which the
determination to change accountants was made and to clarify that the reference
to any "subsequent interim period" to the years 1998 and 1997 in that prior
filing refers to the period of January 1 through March 31, 1999. The previously
filed report, with such changes, is set forth below:
Item 4. Changes in Registrant's Certifying Accountant.
Registrant has appointed Crowe, Chizek and Company LLP ("Crowe
Chizek"), Indianapolis, Indiana, as registrant's independent accountants for the
fiscal year ending December 31, 1999. This is a change in accountants
recommended by registrant's Audit Committee and approved by registrant's Board
on March 31, 1999. Crowe Chizek was engaged by registrant on March 31, 1999.
Olive LLP ("Olive"), formerly known as Geo. S. Olive & Co. LLC, had served as
registrant's independent accountants since registrant's formation in 1983 prior
to its dismissal on March 31, 1999.
The audit reports issued by Olive with respect to the registrant's
financial statements for 1998 and 1997 did not contain an adverse opinion or
disclaimer of opinion, and were not qualified as to uncertainty, audit scope or
accounting principles. During 1998 and 1997 (and the subsequent interim period
of January 1 through March 31, 1999), there have been no disagreements between
the registrant and Olive on any matter of accounting principles or practices,
financial statement disclosure or auditing scope or procedure, which
disagreements, if not resolved to the satisfaction of Olive, would have caused
it to make a reference to the subject matter of the disagreement in connection
with its audit report. Moreover, none of the events listed in Item 304(a)(1)(v)
of Regulation S-K occurred during 1998 or 1997 or the subsequent interim period.
The change in accountants does not result from any dissatisfaction with
the quality of professional services rendered by Olive as the independent
accountants of registrant. The change in accountants follows registrant having
put its audit and other outside accounting work out for bid to Olive and Crowe
Chizek, which served as the independent accountants for P.T.C. Bancorp prior to
its merger with registrant on April 30, 1998.
Services provided to registrant and its subsidiaries by Olive with
respect to the fiscal year ended December 31, 1998 included the examination of
registrant's consolidated financial statements and consultations on various tax
matters. Crowe Chizek is expected to provide similar type services to registrant
in the 1999 fiscal year.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits.
16. Letter of Olive LLP re: change in certifying accountant.
2
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
INDIANA UNITED BANCORP
By: /s/ DONALD A. BENZIGER
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Donald A. Benziger
Senior Vice President
and Chief Financial
Officer
Dated: June 30, 1999
3
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INDEX TO EXHIBITS
EXHIBIT
NO. DESCRIPTION OF DOCUMENT
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16. Letter of Olive LLP re: change in certifying
accountant.
4
Exhibit 16
Securities and Exchange Commission
Washington, DC 20549
We were previously the independent accountants for Indiana United Bancorp (the
"Registrant"), and on January 29, 1999 we reported on the consolidated financial
statements of the Registrant as of and for the two years ended December 31,
1998. On March 31, 1999, we were dismissed as independent accountants of the
Registrant.
We have read the Registrant's statements included under Item 4 of its Form 8-K/A
dated June 30, 1999 and we agree with such statements, except that we have no
knowledge as to when the change in accountants was recommended or approved and
when the successor accountant was engaged.
/s/ Olive LLP
Indianapolis, Indiana
June 30, 1999
