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) July 1, 2002
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SB Partners
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(Exact name of registrant as specified in its charter)
New York 000-08952 13-6294787
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1251 Avenue of the Americas, New York, NY 10020
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (212) 408-5000
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(Former name or former address, if changed since last report.)
Item 4. Change in Registrant's Certifying Accountants.
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On July 1, 2002, the general partner of SB Partners (the
"Partnership") dismissed the independent auditor of the Partnership,
Arthur Andersen LLP.
The reports of Arthur Andersen LLP on the Partnership's
consolidated financial statements for the years ended December 31, 2001
and December 31, 2000 did not contain an adverse opinion or a
disclaimer of opinion, and were not qualified or modified as to
uncertainty, audit scope or accounting principles.
During the years ended December 3l, 2001 and December 31, 2000 and
through July 1, 2002, there were no disagreements with Arthur
Andersen LLP on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure, which
disagreements, if not resolved to the satisfaction of Arthur
Andersen LLP, would have caused it to make reference thereto in its
reports on the consolidated financial statements for such periods.
During the years ended December 31, 2001 and December 31, 2000 and
through July 1, 2002, there have occurred none of the "reportable
events" listed in Item 304(a)(1)(v) of Regulation S-K.
The Partnership provided Arthur Andersen LLP with a copy of the
foregoing disclosures, but Arthur Andersen LLP informed the Registrant
it was no longer providing any 8-K representation letters.
Accordingly, no letter from Arthurn Andersen LLP is attached as an
exhibit.
On July 1, 2002, the general partner of the Partnership engaged
Deloitte & Touche LLP to serve as the independent auditor of the
Partnership. During the Partnership's two most recent fiscal years, and
during any subsequent period through July 1, 2002, the Partnership did
not consult with Deloitte & Touche LLP on any accounting or auditing
issues.
Item 7. Financial Statements and Exhibits.
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(c) Exhibits
No exhibit provided because Arthur Andersen LLP informed the
Registrant it was no longer providing any 8-K representation letters.
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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 hereunto duly authorized.
SB Partners
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(Registrant)
By: SB PARTNERS REAL ESTATE CORPORATION
GENERAL PARTNER
Date July 3, 2002 /s/George N. Tietjen III
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George N. Tietjen III
Vice-President
(Principal Accounting Officer)