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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K/A
AMENDMENT TO
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Amendment No. 1
Date of Report (Date of Earliest Event Reported): October 27, 1995
FIRSTCITY FINANCIAL CORPORATION
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(Exact Name of Registrant as Specified in its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
1-7614 76-0243729
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(Commission File Number) (I.R.S. Employer
Identification No.)
6400 Imperial Drive
Waco, Texas 76712
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(Address of Principal Executive Offices) (Zip Code)
(817) 751-1750
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(Registrant's Telephone Number, Including Area Code)
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INFORMATION TO BE INCLUDED IN THE REPORT
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
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The Joint Plan of Reorganization by First City Bancorporation of
Texas, Inc., Official Committee of Equity Security Holders, and J-Hawk
Corporation, with the Participation of Cargill Financial Services
Corporation, Under Chapter 11 of the United States Bankruptcy Code,
Case No. 392-39474-HCA-11 (the "Plan"), became effective on July 3,
1995 (the "Effective Date"). Pursuant to the Plan, and an Agreement
and Plan of Merger, dated as of July 3, 1995, between First City
Bancorporation of Texas, Inc., a Delaware corporation (the "Debtor"),
and J-Hawk Corporation, a Texas corporation ("J-Hawk"), on July 3,
1995, J-Hawk was merged (the "Merger") with and into the Debtor.
Pursuant to the Merger, among other things, the name of the Debtor was
changed to FirstCity Financial Corporation ("FirstCity").
On October 27, 1995, FirstCity engaged KPMG Peat Marwick LLP
("Peat Marwick") to serve as its independent accountants, such
engagement to be effective as of and for the year ending December 31,
1995. The engagement of Peat Marwick was recommended by the Audit
Committee of FirstCity's Board of Directors and was approved by such
Board on October 27, 1995.
During the Debtor's two most recent fiscal years prior to the
Effective Date, no audited financial statements of the Debtor were
prepared, and therefore no report on such financial statements was
prepared. Prior thereto, Arthur Andersen & Co. L.L.P. served as the
Debtor's independent accountants.
Prior to the Merger, Jaynes, Reitmeier, Boyd & Therrell, P.C.
("Jaynes Reitmeier") served as J-Hawk's independent accountants.
Jaynes Reitmeier's accountant's report with respect to the J-Hawk
annual financial statements for the last two years did not contain an
adverse opinion, disclaimer or qualification. During such period,
Jaynes Reitmeier and J-Hawk had no disagreements regarding any matter
of accounting principles or practices, financial statement disclosure
or auditing scope or procedure of the type referred to in items
304(a)(1)(iv) of Regulation S-K, and no reportable event described in
Item 304(a)(1)(v) of Regulation S-K occurred.
In connection with the Merger, representatives of J-Hawk
consulted with Peat Marwick regarding the appropriate financial
statement and accounting disclosure with respect to the Merger and for
FirstCity following the Merger. After discussions with Peat Marwick
and the Securities and Exchange Commission, FirstCity determined that
its historical
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financial statements prior to the date of the Merger should reflect
the financial position and results of operations of J-Hawk (as more
fully set forth in FirstCity's Quarterly Report on Form 10-Q for the
quarterly period ended September 30, 1995).
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
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(c) Exhibits.
Exhibit 16.1 Letter of Jaynes, Reitmeier, Boyd &
Therrell, P.C.
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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.
FIRSTCITY FINANCIAL CORPORATION
/s/ Gary H. Miller
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Name: Gary H. Miller
Title: Senior Vice President
and Controller
Date: November 8, 1995
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EXHIBIT INDEX
Exhibit Description
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16.1 Letter of Jaynes, Reitmeier, Boyd & Therrell, P.C.
HOFS02...:\92\54892\0003\2236\FRM0305M.03A
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Exhibit 16.1
JAYNES, REITMEIER, BOYD & THERRELL, P.C.
Certified Public Accountants
Central Texas Tower
5400 Bosque Boulevard
Post Office Box 7616
Waco, Texas 76714-7616
Telephone Telecopier
(817) 776-4190 (817) 776-8489
November 6, 1995
Securities and Exchange Commission
Washington, D.C. 20549
Ladies and Gentlemen:
We were previously principal accountants for J-Hawk Corporation and,
under the date of February 8, 1995, we reported on the consolidated
financial statements of J-Hawk Corporation and subsidiaries as of and
for the years ended December 31, 1994 and 1993. On October 27, 1995,
our appointment as principal accountants was terminated. We have read
FirstCity Financial Corporation's (survivor corporation of a merger
with J-Hawk Corporation on July 3, 1995) statements included under
Item 4 of its Form 8-K dated November 2, 1995, and we agree with such
statements.
Very truly yours,
JAYNES, REITMEIER, BOYD & THERRELL, P.C.
NYFS11...:\92\54892\0003\2236\LTRN085L.230
