UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
AMENDMENT NO. 1
CURRENT REPORT
Pursuant to Section 13 or 15(d)of the Securities Act of 1934
Date of Report (Date of earliest event reported): May 8, 1997
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FAMILY BARGAIN CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 1-10089 51-0299573
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(State of (Commission (IRS Employer
Incorporation) File Number) Identification
Number)
4000 Ruffin Road, San Diego, CA 92123
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(Address of principal executive offices) (Zip code)
Registrant's telephone number: (619) 627-1800
<PAGE> 2
ITEM 4 - CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
KPMG Peat Marwick LLP ("KPMG") was previously the principal accountants for
Family Bargain Corporation (the "Company"). On May 8, 1997, that firm was
dismissed and Arthur Andersen LLP was engaged as principal accountants. The
decision to change accountants was recommended by the Audit Committee and
approved unanimously by the Board of Directors on May 1, 1997.
In connection with the audits of the two fiscal years ended February 1, 1997,
and the subsequent interim period to May 8, 1997, there were no disagreements
with KPMG 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
in connection with their opinion to the subject matter of the disagreement.
The audit reports of KPMG on the consolidated financial statements of the
Company and subsidiaries as of and for the fiscal years ended February 1, 1997
and January 27, 1996 did not contain any adverse opinion or disclaimer of
opinion, nor were they qualified or modified as to uncertainty, audit scope,
or accounting principles. A letter from KPMG is attached as Exhibit 16.
SIGNATURES
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.
FAMILY BARGAIN CORPORATION
Date: May 23, 1997 By: /s/ James M. Baker
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Name: James M. Baker
Title: Treasurer
(duly authorized officer and
principal accounting officer)
<PAGE> 1
[on KPMG Peat Marwick LLP letterhead]
May 19, 1997
Securities and Exchange Commission
Washington, D.C. 20549
Ladies and Gentlemen:
We were previously principal auditors for Family Bargain Corporation and,
under the date of April 11, 1997, except as to Note 17 which is as of
April 25, 1997, we reported on the consolidated balance sheets of Family
Bargain Corporation and subsidiaries as of January 27, 1996 and
February 1, 1997, and the related consolidated statements of operations,
stockholders' equity and cash flows for each of the years in the three-year
period ended February 1, 1997. On May 8, 1997, our appointment as principal
auditors was terminated. We have read Family Bargain Corporation's statements
included under Item 4 of its Form 8-K/A dated May 22, 1997, and we agree with
such statements, except that we are not in a position to agree or disagree
with Family Bargain Corporation's statement that the change was approved by
the Board of Directors.
Very truly yours,
/s/ KPMG Peat Marwick LLP
