SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
(Amendment No. 1)
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: June 12, 2001
SUMMIT SECURITIES, INC.
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(Exact name of registrant as specified in its charter)
Idaho 1-16177 82-0438135
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification Number)
601 W. 1st Avenue, Spokane, Washington 99201
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (509) 838-3111
NONE
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(Former name or former address, if change since last report)
ITEM 4. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT.
(a) (i) On June 12, 2001, the Registrant ended its audit relationship
with PricewaterhouseCoopers LLP, the Registrant's independent
accountants (the "Former Accountants"). The Registrant has engaged
Ernst & Young LLP ("EY") as its new principal independent accountants
effective June 12, 2001.
(ii) The reports of the Former Accountants on the financial
statements for the fiscal years ended September 30, 2000 and 1999
contained no adverse opinion or disclaimer of opinion, and were not
qualified or modified as to uncertainty or audit scope. The opinion
included an explanatory paragraph for a change in method of accounting
for mortgage-backed securities retained after the securitization of
mortgage loans held for sale in fiscal 1999.
(iii) The decision to engage EY as the principal independent
accountant for the Registrant was approved by the Board of Directors of
the Registrant.
(iv) In connection with its audits for the fiscal years ended
September 30, 2000 and 1999, and through the period ended June 12,
2001, there have been no disagreements with the Former Accountants 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 the Former Accountants, would have
caused them to make reference thereto in their report on the financial
statements for such years.
(v) During the fiscal years ended September 30, 2000 and 1999,
and through the period ended June 12, 2001, there were no "reportable
events" as defined by Item 304(a)(1)(v) of Regulation S-K.
(vi) The Registrant has requested that the Former Accountants
furnish it with a letter addressed to the U.S. Securities and Exchange
Commission stating whether or not it agrees with the above statements.
A copy of such letter, dated June 27, 2001, is filed as Exhibit 16.01
to this Form 8-K/A.
(b) Neither the Registrant nor anyone on its behalf has consulted EY during
the Registrant's two most recent fiscal years, or any subsequent
interim period, prior to its engagement of EY.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
16.01 Letter dated June 27, 2001, from the Registrant's former
principal independent accountant.
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.
SUMMIT SECURITIES, INC.
Date: June 27, 2001 By: /s/ Tom Turner
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Tom Turner,
President
EXHIBIT INDEX
Exhibit No. Description
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Exhibit 16.01 Letter dated June 27, 2001, from the Registrant's former
principal independent accountant.