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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): July 3, 1995
SUFFOLK BANCORP
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(Exact name of registrant as specified in its charter)
New York 0-13580 11-2708279
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(State or other (Commission (IRS Employer
Jurisdiction of File Number) Identification No.)
Incorporation
or Organization)
6 West Second Street, Riverhead, New York 11901 11901
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (516) 727-2700
N/A
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(Former name or former address, if changed since last report)
(1)
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
(a) On June 26, 1995, the Company terminated KPMG Peat Marwick
as its independent accountant. KPMG Peat Marwick's report
on the Company's financial statements did not contain, for
either of the past two years, an adverse opinion or a
disclaimer of opinion, nor was it qualified nor modified
as to uncertainty, auditing scope or accounting
principles.
The decision to change accountants was recommended by the
Audit Committee of the Board of Directors and approved by
the entire Board of Directors based upon such
recommendation.
During the years 1993 and 1994 and the partial year of
1995, there were no disagreements with KPMG Peat Marwick
on any matter of accounting principles or practices,
financial financial statement disclosure, or auditing
scope or procedure, which disagreement, if not resolved to
the satisfaction of KPMG Peat Marwick, would have caused
it to make references to the subject matter of the
disagreement in connection with its report.
(b) On June 26, 1995, Arthur Andersen was engaged as the new
independent accountant for the Company to be the principal
accountant to audit the Registrant's financial statements.
The Company has requested KPMG Peat Marwick to furnish it
a letter addressed to the Commission stating whether it
agrees with the above statements.
(2)
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
SUFFOLK BANCORP
Date: July 3, 1995 By: /s/ Edward J. Merz
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Edward J. Merz, President &
Chief Executive Officer
(3)
