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
April 30, 2004
Date of Report (Date of earliest event reported)
JACKSONVILLE BANCORP, INC.
(Exact name of registrant as specified in its charter)
Florida 000-30248 59-3472981
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
76 S. Laura Street, Suite 104, Jacksonville, Florida 32202
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (904) 421-3040
(Former name or former address, if changed since last report.)
Item 4. Changes in Registrant's Certifying Accountant
On April 30, 2004, Hacker, Johnson & Smith PA was advised that the firm's
services as auditors of the Company were terminated. The Company further engaged
Crowe Chizek and Company LLC ("Crowe Chizek") to serve as its principal
independent accountant in auditing the Company's financial statements and
performing review of interim filings, subject only to the finalization of Crowe
Chizek's routine due diligence procedures. The decision to replace auditors was
approved by the Company's Board of Directors, pursuant to the recommendation of
the Audit Committee.
The reports of Hacker, Johnson & Smith PA regarding the Company's financial
statements for the years ended December 31, 2003 and 2002, did not contain an
adverse opinion or a disclaimer of opinion, and were not modified as to
uncertainty, audit scope, or accounting principles; nor was there any event of
the type requiring disclosure under Item 304(a)(1)(iv) of Regulation S-B.
In connection with the audits of the Company's consolidated financial statements
for the years ended December 31, 2003 and 2002, and through the date of this
Form 8-K, there were no disagreements with Hacker, Johnson & Smith PA on any
matters of accounting principles or practices, financial statement disclosure,
or auditing scope and procedures which, if not resolved to the satisfaction of
Hacker, Johnson & Smith PA would have caused Hacker, Johnson & Smith PA to make
reference to the matter in their report.
The Company has provided Hacker, Johnson & Smith PA with a copy of the
disclosures contained in this report, and has requested that Hacker, Johnson &
Smith PA furnish a letter addressed to the Commission stating whether it agrees
with the above statements. A copy of that letter, dated May 4, 2004, is filed as
Exhibit 16.
As indicated above, the Company engaged Crowe Chizek to serve as its independent
auditors for the year ending December 31, 2004, and until such time as a
replacement auditor may be selected by the Company. Prior to the engagement of
Crowe Chizek to provide the identified services, the Company did not consult
Crowe Chizek regarding any matter requiring disclosure under Item 304(a)(2) of
Regulation S-B.
Item 7. Financial Statements and Exhibits
(c) Exhibits
16 Letter from Hacker, Johnson & Smith PA to the Securities and
Exchange Commission dated May 4, 2004.
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.
JACKSONVILLE BANCORP, INC.
(Registrant)
Date: May 5, 2004 /s/ Cheryl L. Whalen
-------------------------------------
Cheryl L. Whalen, Corporate Secretary
Exhibit 16
May 4, 2004
Securities and Exchange Commission
Washington, D.C. 20549
Gentlemen:
We were previously principal accountants for Jacksonville Bancorp, Inc. and on
February 13, 2004, we reported on the consolidated financial statements of
Jacksonville Bancorp, Inc. and consolidated subsidiary (the "Company") as of and
for the two years ended December 31, 2003. On April 30, 2004, we were dismissed
as principal accountants of the Company. We have read the Company's statements
included under Item 4 of its Form 8-K for April 30, 2004, and we agree with such
statements.
Very truly yours,
HACKER, JOHNSON & SMITH PA