<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
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 8, 1997
--------------
PICO HOLDINGS, INC.
-------------------
(Exact name of registrant as specified in charter)
California 0-18786 94-2723335
---------- ------- ----------
(State or other jurisdiction (Commission (IRS Employer
or incorporation) File Number) Identification No.)
875 Prospect Street, Suite 301, La Jolla, California 92037
- ---------------------------------------------------- -----
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (619) 456-6022
----------------
-------------------------------------------------------------
(Former name or former address, if changed since last report)
<PAGE> 2
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
As reported in the Registrant's Form 8-K filing dated July 16, 1997, the
Registrant engaged Deloitte & Touche LLP ("Deloitte") as the independent
accountant for the Registrant effective July 8, 1997.
The Registrant during the course of interviewing independent accounting
firms for the purpose of requesting proposals disclosed to Deloitte the
disagreement referred to in the Registrant's Form 8-K filing with the
United States Securities and Exchange Commission on June 12, 1997 ("the
Disagreement"). The Registrant did not request and Deloitte did not
offer any consultation on accounting for the matter that was the subject
of the Disagreement. The interview occurred after the filing of the
Registrant's 1996 Form 10-K, which encompassed the period of the
Disagreement. Similar disclosures were made to the other three proposing
accounting firms.
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.
PICO HOLDINGS, INC.
Dated: September 24, 1997 By: /s/ Gary W. Burchfield
------------------------
Gary W. Burchfield
Chief Financial Officer
and Treasurer
