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) - August 24, 2004
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Commission file number 0-24040
PENNFED FINANCIAL SERVICES, INC.
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(Exact name of Registrant as specified in its charter)
Maryland 22-3297339
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(State or other jurisdiction of (I.R.S. Employer Identification Number)
incorporation or organization)
622 Eagle Rock Avenue, West Orange, New Jersey 07052-2989
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (973) 669-7366
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Item 4.01 Changes in Registrant's Certifying Accountants
On August 24, 2004, PennFed Financial Services, Inc. engaged KPMG LLP
as its principal accountants for the fiscal year ending June 30, 2005, and chose
not to renew the engagement of Deloitte & Touche LLP, which is currently serving
as the Company's independent auditors. Deloitte & Touche LLP will complete its
audit and other work related to its engagement for the fiscal year ended June
30, 2004. The decision to change accountants was approved by the Audit Committee
of the Board of Directors, which subsequently advised the Board of Directors of
its decision.
In connection with the audits of the two fiscal years ended June 30, 2003,
and the subsequent interim period through August 24, 2004, there were no
disagreements with Deloitte & Touche LLP on any matter of accounting principles
or practices, financial statement disclosure, or auditing scope or procedures,
which disagreements, if not resolved to their satisfaction,would have caused
them to make reference in connection with their opinion to the subject matter of
the disagreement. In connection with the audits of the two fiscal years ended
June 30, 2003, and the subsequent interim period through August 24, 2004, there
have been no reportable events (as defined in Regulation S-K Item 304 (a)(1)(v))
with Deloitte & Touche LLP.
The audit reports of Deloitte & Touche LLP on the consolidated financial
statements of PennFed Financial Services, Inc. as of and for the years ended
June 30, 2003 and 2002 did not contain any adverse opinion or disclaimer of
opinion, nor were they qualified or modified as to uncertainty, audit scope, or
accounting principles.
The Company requested that Deloitte & Touche furnish a letter addressed to
the Securities and Exchange Commission stating whether it agrees with the
statements contained in this Form 8-K, and if not, stating the respects in which
they do not agree. A copy of this letter, dated August 25, 2004, is filed as
Exhibit 16 to this Form 8-K.
Item 9.01 Financial Statements and Exhibits
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(c) Exhibits
16 Letter re change in certifying accountants: Letter of Deloitte &
Touche LLP dated August 25, 2004
SIGNATURES
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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 thereunto duly authorized.
PENNFED FINANCIAL SERVICES, INC.
Date: August 25, 2004 By: /s/ Joseph L. LaMonica
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Joseph L. LaMonica
President and Chief
Executive Officer