SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): February 10, 2006
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PSB Holdings, Inc.
(Exact name of registrant as specified in its charter)
Federal 0-50970 42-1597948
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(State or other (Commission File Number) (I.R.S. Employer
jurisdiction of incorporation) Identification No.)
40 Main Street, Putnam, Connecticut 06260
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(Address of principal executive offices) (Zip Code)
(860) 928-6501
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CRF 240.13e-4(c))
Item 4.01 Changes in Registrant's Certifying Accountant.
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(a) In connection with the merger of Snyder & Haller, P.C. ("S&H") with
Whittlesey & Hadley, P.C. ("W&H"), S&H resigned as the independent registered
public accounting firm of PSB Holdings, Inc. (the "Company") on February 10,
2006. On the same date, the Company engaged W&H as its successor independent
registered public accounting firm. The Audit Committee of the Company's Board of
Directors approved the engagement of W&H.
The reports of S&H on the consolidated financial statements of the
Company as of and for the fiscal years ended June 30, 2005 and 2004, did not
contain an adverse opinion or a disclaimer of opinion and were not qualified or
modified as to uncertainty, audit scope, or accounting principles.
During the Company's fiscal years ended June 30, 2005 and 2004 and
subsequent interim period preceding the resignation of S&H, there were no
disagreements between the Company and S&H 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 S&H, would have
caused S&H to make reference to the subject matter of the disagreements in
connection with its audit reports on the Company's consolidated financial
statements.
The Company has provided S&H with a copy of the above disclosures as
required by Item 304(a) of Regulation S-K in conjunction with the filing of this
Form 8-K. The Company has requested that S&H deliver to it a letter addressed to
the Securities and Exchange Commission stating whether S&H agrees with the
disclosures made by the Company in response to Item 304(a) of Regulation S-K,
and if not, stating the respects in which it does not agree. S&H's letter is
filed as Exhibit 16 and incorporated in this Item 4.01(a) by reference.
(b) During the Company's fiscal years ended June 30, 2005 and 2004 and
subsequent interim period preceding the engagement of W&H, the Company did not
consult with W&H 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 consolidated financial
statements.
Item 9.01 Financial Statements and Other Exhibits
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Exhibit 16 Letter of Concurrence From Snyder & Haller, P.C. Regarding
Change in Certifying Accountant
SIGNATURE
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.
PSB HOLDINGS, INC.
Dated: February 16, 2006 By: /s/ Robert J. Halloran, Jr.
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Robert J. Halloran, Jr.
Vice President and Treasurer
(Principal Financial Officer)