SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 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): November 1, 2000
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Cecil Bancorp, Inc.
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(Exact name of registrant as specified in its charter)
Maryland 0-24926 52-1885467
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
127 North Street, Elkton, Maryland 21921
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (410)398-1650
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Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 4. CHANGES IN THE REGISTRANT'S CERTIFYING ACCOUNTANT
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On October 31, 2000, the Board of Directors of the Registrant voted to
dismiss Simon, Master & Sidlow, P.A., as its independent accountants. Simon,
Master & Sidlow, P.A. was notified of the Board of Directors' decision on
November 1, 2000. The decision was recommended by the Audit Committee and
unanimously approved by of the Board of Directors. The firm of Stegman &
Company, Towson, Maryland, has been engaged to perform an audit of the
Registrant's financial statements for the fiscal year ending December 31, 2000
and to provide other accounting services, as appropriate.
Simon, Master & Sidlow, P.A.'s audit reports on the Registrant's financial
statements as of and for the years ended December 31, 1999 and 1998, did not
contain any adverse opinion or disclaimer of opinion and were not qualified or
modified as to uncertainty, audit scope or accounting principles.
During the Registrant's two most recent fiscal years, and for the interim
period following through October 31, 2000, there have been no disagreements with
Simon, Master & Sidlow, P.A. on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or procedures,
which disagreements, if not resolved to the satisfaction of Simon, Master &
Sidlow, PA, would have caused them to make reference thereto .
The Registrant provided Simon, Master & Sidlow, P.A. with a copy of this
disclosure and Simon, Master & Sidlow, P.A. furnished it with a letter addressed
to the Securities and Exchange Commission stating that it agrees with the
foregoing statements. A copy of Simon, Master & Sidlow, P.A.'s letter to the
Securities and Exchange Commission is attached as Exhibit 16.1 to this report.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND OTHER EVENTS
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Exhibit 16.1 -- Accountant's Letter
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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 by the
undersigned, thereunto duly authorized.
CECIL BANCORP, INC.
Date: November 7, 2000 By: /s/ Mary B. Halsey
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Mary B. Halsey
President
