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
Date of Report August 21, 1997
(Date of earliest
event reported)
CITRUS FINANCIAL SERVICES, INC.
(exact name of registrant as specified in its charter)
FLORIDA
(State or other jurisdiction of incorporation)
33-29696-A 65-0136504
(Commission File Number) (IRS Employer
Identification Number)
1717 Indian River Boulevard
Suite 100
Vero Beach, Florida 32960
(Address of principal executive offices) (Zip Code)
(561) 778-4100
(Registrant's telephone number, including area code)
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PART II INFORMATION INCLUDED IN FORM 8-K
ITEM 1 None.
ITEM 2 None.
ITEM 3 None.
ITEM 4. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT
(1) On August 21, 1997, the Company's Board of Directors approved a motion to
dismiss its certifying accountants, Rex Meighen & Company.
(I) The accountant's report on the financial statements for either of
the past two (2) years did not contain an adverse opinion or a
disclaimer of opinion or was not qualified or modified as to
uncertainty, audit scope, or accounting principles.
(ii) The decision to change accountants was recommended and approved by
the Board of Directors.
(iii) In connection with the audit of the Company's financial statements,
for the past two (2) years ended December 31, 1996, and for the
subsequent interim period through the date of this Form 8-K, there
were no disagreements with Rex Meighen & Company on any matter of
accounting principles or practices, financial statement disclosure,
or auditing scope or procedures.
(iv) In connection with the audit of the Company's financial statements,
there were no reportable events that occurred during the last two
fiscal years or any subsequent interim period.
(2) One August 21, 1997 the Company's Board of Directors approved a
motion to engage Stevens, Thomas, Schemer & Sparks, P.A., to audit
the Company's financial statements for the year ending December 31,
1997. During the Company's two (2) most recent fiscal years ended
December 31, 1996, and for the subsequent interim period through
the date of this Form 8-K, it did not consult the newly engaged
accountant regarding the application of accounting principles or
any other matter that the Company may use in reaching a decision
as to any accounting, auditing, or financial reporting issue.
(3) Stevens, Thomas, Schemer & Sparks, P.A. has furnished the Company
with a letter addressed to the Securities and Exchange Commission
stating that they agree with the statements made by the Company
concerning the election of the Company's certifying accountants for
the year ending December 31, 1997. Their letter is included in this
Form 8-K as "Exhibit XVI."
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PART II INFORMATION INCLUDED IN FORM 8-K
Item 5 None.
Item 6 None.
Item 7 Exhibits on Form 8-K
(1) None.
(2) None.
(3) Exhibit Table.
Item 8 None.
<PAGE>
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 of the
undersigned thereunto duly authorized.
Date: August 27, 1997 By: /S/
Josh C. Cox, Jr.
President and CEO
Date: August 27, 1997 By: /S/
Henry O. Speight
Senior Vice President
Chief Financial Officer
<PAGE>
EXHIBIT TABLE
Page No.
Exhibit XVI. Letter re change in certifying accountants 6
<PAGE>
Securities and Exchange Commission
450 5th Street, N.W.
Washington, D.C. 20549
Re: Citrus Financial Services, Inc.
Commission File Number 33029696-A
65-0136504
Gentlemen:
We have read Item 4 of Form 8-K of Citrus Financial Services, Inc., dated
August 27, 1997, and we agree with such statements, except we are not in a
position to agree or disagree with the statements under paragraphs (1) (iii)
and (1) (iv).
STEVENS, THOMAS, SCHEMER & SPARKS, P.A.
Jacksonville, Florida
August 27, 1997
