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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
September 2, 1997
(Date of Report)
WARREN BANCORP, INC.
(Exact name of registrant as specified in its charter)
Massachusetts 0-17222 04-3024165
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(State or other juris- (Commission (IRS Employer
diction of incorporation) File No.) Identification No.)
10 Main Street
Peabody, Ma 01960
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(Address of principal executive offices Zip Code)
508-531-7400
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Registrant's telephone number, including area code
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ITEM 4. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT.
KPMG Peat Marwick LLP was previously the principal accountants for Warren
Bancorp, Inc. Effective September 1, 1997 that firm's appointment as principal
accountants was terminated and Arthur Andersen LLP was engaged as principal
accountants. The decision to change accountants was unanimously approved by the
Board of Directors.
In connection with the audits of the two fiscal years ended December 31,
1996 and 1995 and the subsequent interim period through September 1, 1997, there
were no disagreements with KPMG Peat Marwick LLP 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 Peat Marwick LLP on the consolidated financial
statements of Warren Bancorp, Inc. and subsidiaries as of and for the years
ended December 31, 1996 and 1995, 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 Peat Marwick LLP is
attached as an exhibit.
During the registrant's two most recent fiscal years and the subsequent
interim periods, Arthur Andersen LLP has not been engaged as an independent
accountant to audit either the registrant's financial statements or the
financial statements of any of its subsidiaries, nor has it been consulted
regarding the application of the registrant's accounting principles, either
completed or proposed, or the type of opinion that might be rendered on the
registrant's financial statements.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) Exhibits.
16. Letter regarding Change in Certifying Accountants
Letter dated August 27, 1997 from KPMG Peat Marwick LLP to the
Registrant filed herewith.
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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.
WARREN BANCORP, INC.
By: /s/ Paul M. Peduto
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Name: Paul M. Peduto
Title: Treasurer
Date: September 2, 1997
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EXHIBIT 16
August 27, 1997
Mr. Paul Peduto
Treasurer
Warren Bancorp, Inc.
P.O. Box 6159
Peabody, MA 01961-6159
Dear Mr. Peduto:
This is to confirm that the client-auditor relationship between Warren Bancorp,
Inc. and KPMG Peat Marwick, LLP has ceased.
Very truly yours,
/s/ KPMG Peat Marwick LLP
KPMG Peat Marwick LLP
cc: Chief Accountant
Securities and Exchange Commission
