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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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) March 5, 2000
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TOWER PROPERTIES COMPANY
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(Exact name of Registrant as specified in its charter)
MISSOURI
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(State of other jurisdiction of incorporation)
0-18261 43-1529759
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(Commission File Number) (IRS Employer Identification Number)
911 Main Street, Suite 100 Commerce Tower,
Kansas City, Missouri 64105
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(Address of principal executive offices) (zip code)
(816) 421-8255
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(Registrant's telephone number, including area code)
EXHIBIT INDEX IS ON PAGE 4
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
(A) PREVIOUS INDEPENDENT ACCOUNTANTS
On or about March 5, 2000, Tower Properties Company chose not to
renew the services of Arthur Andersen LLP as the Registrant's independent
accountants.
The decision not to renew was recommended by company management
based on bids received by a number of different CPA firms including Arthur
Andersen LLP.
Tower Properties Company has never received a modified opinion from
Arthur Andersen LLP during the approximate twenty-five year relationship.
During the Registrant's fiscal years ending December 31, 1998 and 1999 and
the subsequent interim period preceding the non-renewal, there were no
disagreements with Arthur Andersen LLP on any matter of accounting principles
or practices, financial statement disclosure, or auditing scope and
procedure.
During the periods listed above there have been no "reportable
events" (as defined in paragraph (a) (1) (v) of Item 304 of Regulation S-K).
The Registrant provided Arthur Andersen LLP with a copy of this
disclosure, and Arthur Andersen LLP furnished the Registrant with a letter
addressed to the Securities and Exchange Commission (SEC) stating that it
agrees with the above statements. (A copy of the Arthur Andersen LLP letter
addressed to the SEC is filed as an exhibit hereto.)
(B) NEW INDEPENDENT ACCOUNTANTS
On May 15, 2000, the registrant engaged KPMG LLP as independent
accountants for the fiscal year ending December 31, 2000. The decision to
engage KPMG as independent accountants was recommended by company management.
Prior to the appointment of KPMG LLP, the Registrant did not engage
or consult with KPMG LLP regarding any of the matters described in Item
304(a)(2) of Regulation S-K.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements of Business Acquired
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Not applicable.
(b) Pro Forma Financial Information
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Not applicable.
(c) Exhibits
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16.1 Letter of Arthur Andersen LLP dated May 31, 2000 regarding
change in certifying accountant.
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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.
TOWER PROPERTIES COMPANY
Date: May 31, 2000 By: /s/ Robert C. Harvey, III
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Robert C. Harvey, III
CFO & Vice President
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EXHIBIT INDEX
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Number Description Page
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16.1 Letter of Arthur Andersen LLP regarding change
in certifying accountant 5
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