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, 2006
POCAHONTAS BANCORP, INC.
(Exact Name of Registrant as Specified in its Charter)
Delaware 0-23969 71-0806097
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(State or Other Jurisdiction (Commission File No.) (I.R.S. Employer
of Incorporation) Identification No.)
1700 East Highland, Jonesboro, Arkansas 72401
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (870) 802-1700
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Not Applicable
(Former name or former address, if changed since last report)
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 CFR 240.13e-4(c))
Item 4.01. Changes in Registrant's Certifying Accountants
a) On June 21, 2006, the Audit Committee of the Company approved the
dismissal of Deloitte & Touche, LLP as the Company's independent
registered public accounting firm, effective for fiscal year 2006.
The audit reports of Deloitte & Touche, LLP on the financial statements
of the Company for the years ended September 30, 2005 and 2004 did not
contain an adverse opinion or disclaimer of opinion, nor were the
reports qualified or modified as to uncertainty, audit scope or
accounting principles.
During the two most recent fiscal years and the interim period through
the date of the dismissal, there were no disagreements with Deloitte &
Touche, LLP on any matter of accounting principles or practices,
financial statement disclosure or auditing scope or procedure, which
disagreements, if not resolved to Deloitte & Touche, LLP's
satisfaction, would have caused Deloitte & Touche, LLP to make
reference to the subject matter of the disagreements in connection with
its reports.
During the two most recent fiscal years, there were no reportable
events (as defined in Regulation S-K Item 304 (a)(1)(v)).
The Company requested that Deloitte & Touche, LLP furnish it with a
letter addressed to the Securities and Exchange Commission ("SEC")
stating whether or not Deloitte & Touche, LLP agreed with the above
statements. A copy of Deloitte & Touche, LLP's letter to the SEC dated
June 21, 2006 is filed as an Exhibit to this Form 8-K.
b) On June 21, 2006, the Company approved BKD, LLP as the Company's new
independent registered public accounting firm for the fiscal year 2006
subject to their normal acceptance procedures. During the two most
recent fiscal years and the subsequent interim period through the date
of the dismissal of Deloitte & Touche, LLP, the Company did not consult
with BKD, LLP regarding any matters described in Item 304(a)(2)(i) or
(ii) of Regulation S-K.
Item 9.01. Financial Statements and Exhibits.
(a) Not Applicable.
(b) Not Applicable.
(c) Exhibits. Letter from Deloitte & Touche LLP dated June 21, 2006.
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.
POCAHONTAS BANCORP, INC.
DATE: June 23, 2006 By: /s/ Dwayne Powell
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Dwayne Powell
President and Chief Executive Officer