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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) May 22, 1995
ALFA CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 0-11773 63-0838024
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(State or Other Jurisdiction (Commission (IRS Employer
or Incorporation or Organization) File Number) Identification No.)
2108 East South Boulevard, Montgomery, Alabama 36116-2015
(Mail: P. O. Box 11000, Montgomery, Alabama 36191-0001)
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(Address and Zip Code of Principal Executive Offices)
Registrant's Telephone Number, (334) 288-3900
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Item 4. Changes in Registrant's Certifying Accountants.
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Coopers & Lybrand was previously the principal accountant for
Registrant. On May 22, 1995 Coopers & Lybrand's appointment as principal
accountants was terminated and KPMG Peat Marwick was engaged as principal
accountant for the Registrant. The decision to change accountants was
recommended by the Audit Committee and approved by the Board of Directors of the
Registrant.
There was no disagreement between Registrant and Coopers & Lybrand on
any matter of accounting scope or procedure which would have caused the auditor
to refer to the subject matter of the disagreement in connection with its
report. The Board of Directors determined that it was in the best interest of
the Registrant to allow both Coopers & Lybrand and other qualified accounting
firms to make proposals for providing accounting services to the Registrant and
to submit bids for the providing of such service. Proposals were solicited and
received. After reviewing the proposals from all the submitting accounting
firms, it was determined that it was in the best interest of the Registrant to
make a change in accounting firms at this time.
The Audit Reports of Coopers & Lybrand on the Consolidated Financial
Statements of Registrant and subsidiaries as of and for the years ended December
31, 1994 and 1993, did not contain any adverse opinion or disclaimer of opinion,
nor were they qualified or modified as to uncertainty, audit scope, or
accounting principals. A letter from Coopers & Lybrand is attached as Exhibit A
to this 8-K.
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 hereunto duly authorized.
ALFA CORPORATION
By: /s/ Goodwin L. Myrick
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President
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[LETTERHEAD OF COOPERS & LYBRAND APPEARS HERE]
May 22, 1995
Securities and Exchange Commission
450 5th Street, N.W.
Washington, D.C. 20549
Gentlemen:
We have read the statements made by Alfa Corporation (copy attached), which we
understand will be filed with the Commission, pursuant to Item 4 of Form 8-K, as
part of the Company's Form 8-K report for the month of May 1995. We agree with
the statements concerning our Firm in such 8-K.
Very truly yours,
Coopers & Lybrand L.L.P.