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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K/A
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of earliest event reported): January 16, 2002
PROVIDENT BANKSHARES CORPORATION
(Exact name of registrant as specified in charter)
Maryland 0-16421 52-1518642
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
114 EAST LEXINGTON STREET, BALTIMORE, MARYLAND 21202
(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code: (410) 277-7000
NOT APPLICABLE
(Former name or former address, if changed since last report)
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ITEMS 1, 2, 3, 5, 6, 8 and 9. NOT APPLICABLE.
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
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(a) On January 16, 2002, the Registrant's Board of Directors, at the
recommendation of its Audit Committee, dismissed PricewaterhouseCoopers LLP, as
the Registrant's certifying accountants. The dismissal of PricewaterhouseCoopers
LLP was to be effective upon the completion of its independent audit of the
Registrant's financial statements for the year ended December 31, 2001. The
dismissal was reported in the Registrant's Form 8-K, Item 4 (a), filed with the
Securities and Exchange Commission on January 23, 2002. PricewaterhouseCoopers
LLP has completed all activities related to its independent audit of the
Registrant's financial statements for the year ended December 31, 2001 and its
dismissal as the Registrant's certifying accountants is therefore effective.
PricewaterhouseCoopers LLP will continue to perform certain other services for
the Registrant including services relating to the Registrant's employee benefit
plans and income tax returns.
The report of PricewaterhouseCoopers LLP on the financial statements
of the Registrant for either of the last two fiscal years did not contain an
adverse opinion or a disclaimer of opinion and was not qualified or modified as
to uncertainty, audit scope, or accounting principles.
During the Registrant's two most recent fiscal years through the
date of termination of the engagement of PricewaterhouseCoopers LLP, the
Registrant was not in disagreement with PricewaterhouseCoopers LLP on any matter
of accounting principles or practices, financial statement disclosure, or
auditing scope or procedure, which disagreement, if not resolved to the
satisfaction of PricewaterhouseCoopers LLP, would have caused
PricewaterhouseCoopers LLP to make reference to the subject matter of the
disagreement in connection with its report.
The required letter from PricewaterhouseCoopers LLP with respect to
the above statements was filed as Exhibit 16 to Registrant's Form 8-K filed with
the Securities and Exchange Commission on January 23, 2002 and incorporated
herein by reference.
(b) On February 22, 2002, the Registrant's Board of Directors, at the
recommendation of its Audit Committee, engaged KPMG LLP as the Registrant's
certifying accountants for the Registrant's fiscal year ended December 31, 2002.
The Registrant has not consulted with KPMG LLP during the Registrant's two most
recent fiscal years nor during any subsequent interim period prior to KPMG LLP's
engagement regarding the application of accounting principles to a specified
transaction, either completed or proposed, or the type of audit opinion that
might be rendered on the Registrant's financial statements. The appointment of
KPMG LLP was reported in the Registrant's Form 8-K , Item 4(b), filed with the
Securities and Exchange Commission on February 27, 2002.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
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(a) Financial statements of businesses. Not applicable
(b) Pro forma financial information. Not applicable
(c) Exhibits
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Exhibit 16 Letter of PricewaterhouseCoopers LLP dated January 23, 2002.1
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1 Incorporated by reference into this document from the Form 8-K, and any
amendments thereto, filed by the Registrant with the Securities and Exchange
Commission on January 23, 2002.
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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.
PROVIDENT BANKSHARES CORPORATION
By: /s/ Peter M. Martin
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Peter M. Martin
Chairman of the Board and Chief Executive
Officer
Date: March 15, 2002
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