F O R M 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) April 29, l998
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Rushmore Financial Group, Inc.
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(Exact name of registrant as specified in its charter)
Texas
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(State or other jurisdiction of incorporation)
000-24057 75-2375969
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(Commission file number) (IRS employer identification no.)
13355 Noel Road, Suite 650, Dallas, TX 75240
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(Address of principal executive offices) (Zip code)
Registrants telephone number, including area code (972) 450-6000
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Item 4. Changes in Registrant's Certifying Accountant
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On April 29, l998, Rushmore Financial Group, Inc. (the "Corporation") appointed
the accounting firm of KPMG Peat Marwick LLP as its independent auditors for the
fiscal year ending December 31, 1997, and chose not to renew the engagement of
Cheshier & Fuller, L.L.P., who served as the Corporation's independent auditors
for the fiscal year ended December 31, l996. The Corporation's Board of
Directors approved the selection of KPMG Peat Marwick LLP as new independent
auditors upon the recommendation of the Corporation's Audit Committee. Neither
management nor anyone on its behalf has consulted with KPMG Peat Marwick LLP
regarding the application of accounting principles to a specified transaction,
either completed or proposed, or the type of audit opinion that might be
rendered on the Corporation's financial statements, and neither a written report
nor oral advice was provided to the Corporation that KPMG Peat Marwick LLP
concluded was an important factor considered by the Corporation in reaching a
decision as to the accounting auditing or financial reporting issue during the
Corporation's two most recent fiscal years prior to engaging KPMG Peat Marwick
LLP.
The Cheshier & Fuller, L.L.P. reports on the Corporation's financial statements
for the years ended December 31, l996 and December 31, 1995 did not contain an
adverse opinion or disclaimer of opinion and were not qualified or modified as
to uncertainty, audit scope or accounting principles. Since January 1, l995, the
Corporation has not had any disagreements with Cheshier & Fuller, L.L.P. on any
matter of accounting principles or practices, financial statement disclosure or
auditing scope or procedures that would require disclosure in this Current
Report on Form 8-K.
Cheshier & Fuller, L.L.P. has furnished to the Corporation a letter addressed to
the SEC stating that it agrees with the statements in the immediately preceding
paragraph. A copy of such letter, dated May 5,1998 is filed as exhibit 1 to this
Form 8-K.
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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.
Rushmore Financial Group, Inc.
Dated: May 5, 1998 By /s/ D. M. Rusty Moore Jr.
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By D.M. Rusty Moore Jr., CEO
INDEX TO EXHIBITS
Letter pursuant to Item 304 (a) (3) of Regulation S-K to the Securities and
Exchange Commission from Cheshier & Fuller, L.L.P., dated May 5, l998.
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Exhibit 1
May 5, l998
Securities and Exchange Commission
450 Fifth Street, N. W.
Washington, DC 20549
Gentlemen:
We have read Item 4 of Form 8-K dated May 5, 1998, of Rushmore Financial Group,
Inc. and are in agreement with the statements contained therein. We have no
basis to agree or disagree with other statements of the registrant contained
therein.
By /s/ Cheshier & Fuller, L.L.P.
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Cheshier & Fuller, L.L.P.