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U.S. 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 October 28, 1997
(Date of earliest event reported)
CNB, INC.
(Exact name of registrant as specified in its charter)
Florida
(State or other jurisdiction of incorporation)
0-25988 59-2958616
(Commission File Number) (IRS Employer Identification No.)
201 North Marion Street, Lake City, Florida 32055
(Address principal executive offices) (Zip Code)
Registrant's telephone number, including area code (904) 755-3240
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Item 4. Changes in Registrant's Certifying Accountant.
October 24, 1997, CNB Inc. (the "Company") terminated its relationship
with its independent accountants, Osburn, Henning and Company, and on
October 24, 1997, engaged Arthur Andersen & Co. as its independent accountants.
Osburn, Henning and Company's reports on the consolidated financial statements
of the Company for fiscal years 1995 and 1996 contained no adverse opinion or
disclaimer of opinion and were not qualified or modified as to uncertainty,
audit scope, or accounting principles. The decision to change accountants was
approved by the Company's Board of Directors. With respect to the Company's
consolidated financial statements for fiscal years 1995 and 1996 and the
subsequent interim periods preceding the change in accountants, there were no
disagreements between the Company and Osburn, Henning and Company on any matter
of accounting principles or practices, financial statement disclosure, or
auditing scope or procedure, which, if not resolved to the satisfaction of
Osburn, Henning and Company, would have caused it to make reference to the
subject matter or the disagreement in connection with its report.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
16. Letter from Osburn, Henning and Company dated October 28, 1997,
regarding its concurrence with the statements made in Item 4 of
this report.
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.
CNB, INC.
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(Registrant)
Date: October 28, 1997 By: /s/ K.C. Trowell
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K.C. Trowell
President
(Principal Executive Officer)
2
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OSBURN, HENNING AND COMPANY
Exhibit 16
October 28, 1997
Securities and Exchange Commission
450 5th Street, N.W.
Washington, D.C. 20549
Dear Sirs:
We have read Item 4 of CNB, Inc.'s Form 8-K dated October 28, 1997, and
are in agreement with the statements contained therein.
Sincerely,
/s/ Osburn, Henning and Company
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Osburn, Henning and Company
