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): June 21, 2001
Alaska Pacific Bancshares, Inc.
-------------------------------
(Exact name of registrant as specified in its charter)
Alaska 0-26003 92-0167101
- --------------------------- ----------- ------------------
State or other jurisdiction Commission (I.R.S. Employer
of incorporation File Number Identification No.)
2049 Jordan Avenue, Juneau, Alaska 99801
- ---------------------------------------- ----------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number (including area code): (907) 789-4844
Not Applicable
--------------
(Former name or former address, if changed since last report)
Item 4. Changes in Registrant's Certifying Accountant
- ------------------------------------------------------
On June 21, 2001, Alaska Pacific Bancshares, Inc. (the "Company")
dismissed Deloitte & Touche LLP as the Company's certifying accountant
because Deloitte &Touche closed its office in Alaska. The decision to dismiss
Deloitte & Touche LLP was made by the Board of Directors upon the
recommendation of the Company's Audit Committee.
For the years ending December 31, 2000 and 1999, the audit reports of
Deloitte & Touche LLP did not contain an adverse opinion nor a disclaimer of
opinion on the financial statements of Alaska Pacific Bancshares, Inc. There
were also no qualifications or modifications as to uncertainty, audit scope or
accounting principles. Additionally, during the two most recent fiscal years
and the subsequent interim period preceding their dismissal, there have been
no disagreements with Deloitte & Touche LLP on any matter of accounting
principles or practices, financial statement disclosure, or auditing scope or
procedures.
On June 21, 2001 the Company engaged KPMG LLP as its independent
accountants (as approved by the Board of Directors and recommended by the
Company's Audit Committee). The Company has not consulted with KPMG LLP
during its two most recent fiscal years nor during any subsequent interim
period prior to its 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 Company's financial
statements.
A letter from Deloitte & Touche LLP to the Securities and Exchange
Commission with respect to the above is filed herewith as Exhibit 16 and
incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
- ---------------------------------------------------------------------------
Exhibit
-------
16 Letter from Deloitte & Touche LLP to the Securities and Exchange
Commission, dated June 28, 2001
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.
ALASKA PACIFIC BANCSHARES, INC.
DATE: June 28, 2001 By: /s/Roger K. White
---------------------------------
Roger K. White
Senior Vice President and
Chief Financial Officer
Exhibit 16
Letter from Deloitte & Touche LLP to the Securities
and Exchange Commission, dated June 28, 2001
[Letterhead of Deloitte & Touche LLP]
June 28, 2001
Mr. Roger K. White
Chief Financial Officer
Alaska Pacific Bancshares, Inc.
2049 Jordan Avenue
Juneau, AK 99801
Dear Mr. White:
This is to confirm that the client-auditor relationship between Alaska Pacific
Bancshares, Inc. (Commission File No. 0-26003) and Deloitte & Touche LLP has
ceased.
Yours truly,
/s/DELOITTE & TOUCHE LLP
DELOITTE & TOUCHE LLP
cc: Office of the Chief Accountant
SECPS Letter File
Securities and Exchange Commission
Mail Stop 11-3
450 5th Street, N.W.
Washington, D.C. 20549
Mr. Craig E. Dahl, Chief Executive Officer
Mr. Hugh Grant, Chairperson of the Audit Committee
[Letterhead of Deloitte & Touche LLP]
June 28, 2001
Securities and Exchange Commission
Mail Stop 11-3
450 5th Street, N.W.
Washington, D.C. 20549
Dear Sirs/Madams:
We have read and agree with the comments in Item 4 of Form 8-K of Alaska
Pacific Bancshares, Inc. dated June 28, 2001.
Yours truly,
/s/DELOITTE & TOUCHE LLP
DELOITTE & TOUCHE LLP