UNITED STATES
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 (Date of earliest event reported): September 9, 2008
PSB Holdings, Inc.
(Exact name of registrant as specified in its charter)
| Federal | | 0-50970 | | 42-1597948 |
| (State or other | | (Commission File Number) | | (I.R.S. Employer Identification No.) |
| jurisdiction of incorporation) | | | | |
40 Main Street, Putnam, Connecticut | | 06260 | |
| (Address of principal executive offices) | | (Zip Code) | |
| | (860) 928-6501 | |
| (Registrant’s telephone number, including area code) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| | |
| o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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| o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| | |
| o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CRF 240.13e-4(c)) |
| Item 4.01 | Change in Registrant’s Certifying Accountant |
As previously disclosed, on July 16, 2008, the Audit Committee of PSB Holdings, Inc. (the “Registrant”) dismissed Whittlesey & Hadley, P.C. as the Registrant’s principal accountants for the 2009 fiscal year. On September 9, 2008, Whittlesey & Hadley, P.C. completed its audit of the Registrant’s consolidated financial statements as of and for the year ended June 30, 2008. Accordingly, the dismissal is effective September 9, 2008.
The audit reports of Whittlesey & Hadley, P.C. on the consolidated financial statements of the Registrant as of and for the years ended June 30, 2008 and 2007 did not contain an adverse opinion or disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principles.
During the fiscal years ended June 30, 2008 and 2007 and the subsequent interim period through September 9, 2008, there were no: (1) disagreements with Whittlesey & Hadley, P.C. on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to Whittlesey & Hadley, P.C.’s satisfaction, would have caused Whittlesey & Hadley, P.C. to make reference in connection with its opinion to the subject matter, or (2) reportable events under Item 304(a)(1)(v) of Regulation S-K.
The Registrant requested that Whittlesey & Hadley, P.C. furnish it with a letter addressed to the Securities and Exchange Commission (“SEC”) stating whether or not Whittlesey & Hadley, P.C. agreed with the above statements. A copy of Whittlesey & Hadley, P.C.’s letter to the SEC dated September 11, 2008 is filed as an Exhibit to this Current Report on Form 8-K.
| Item 9.01. | Financial Statements and Exhibits |
| | | | |
| | (d) | Exhibits: | |
| | | | |
| | Exhibit No. | | Description |
| | | | |
| | 16 | | Letter regarding change in certifying accountant |
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.
| | | | PSB HOLDINGS, INC. | |
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| Dated: September 12, 2008 | | By: | /s/ Thomas A. Bomer | |
| | | | | Thomas A. Borner | |
| | | | | Chairman and Chief Executive Officer |
