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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 and Exchange Act of 1934
Date of Report: March 11, 1998
NSD Bancorp, Inc.
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(Exact Name of Registrant as specified in its charter)
PENNSYLVANIA 0-22124 25-1616814
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(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
5004 McKnight Road, Pittsburgh, Pennsylvania 15237
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(Address of principal executive offices) (Zip Code)
(412) 231-6900
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(Registrant's telephone number, including area code)
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INFORMATION TO BE INCLUDED IN THE REPORT
Item 4. Changes in Registrant's Certifying Accountant
a. Effective March 11, 1998, the Corporation (the "Corporation" or the
"Registrant") dismissed its prior independent certified public accountants,
Coopers & Lybrand, LLP, ("Coopers & Lybrand"). Coopers & Lybrand's report on the
Corporation's consolidated financial statements during the two most recent
fiscal years contained no adverse opinion or a disclaimer of opinion, and was
not qualified or modified as to uncertainty, audit scope or accounting
principles. The decision to change accountants was made by the Registrant's
Audit Committee.
During the last two fiscal years and the subsequent interim periods to the date
hereof, there were no disagreements between the Corporation and Coopers &
Lybrand on any matters of accounting principles or practices, financial
statement disclosure or auditing scope or procedure, which disagreements, if not
resolved to the satisfaction of Coopers & Lybrand, would have caused it to make
a reference to the subject matter of the disagreements in connection with its
report.
None of the "reportable events" described in Item 304(a)(1)(v) occurred with
respect to the Corporation within the last two fiscal years and the subsequent
interim period to the date hereof.
b. Effective March 11, 1998, the Corporation's Audit Committee of the Board of
Directors engaged Deloitte & Touche LLP ("Deloitte & Touche") as its independent
accountants. During the last two fiscal years and the subsequent interim period
to the date hereof, the Corporation did not consult Deloitte & Touche regarding
any of the matters or events set forth in Item 304(a)(2)(i) and (ii) of
Regulation S-K.
Item 7. Financial Statements and Exhibits
Exhibit 16.1 Letter from Coopers & Lybrand, LLP, regarding
change in certifying accountant.
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated:
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(Registrant)
By
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Treasurer
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Exhibit 16.1
[COOPERS & LYBRAND LETTERHEAD]
March 16, 1998
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Gentlemen:
We have read the statements made by NSD Bancorp, Inc. (copy attached), which we
understand will be filed with the Commission, pursuant to Item 4 of Form 8-K,
as part of the Corporation's Form 8-K report for the month of March, 1998. We
agree with the statements concerning our Firm in such Form 8-K.
Very truly yours,
/s/ COOPERS & LYBRAND LLP
