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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
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 20, 2002
METROCORP BANCSHARES, INC.
(Exact name of registrant as specified in its charter)
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TEXAS 0-25141 76-0579161
(State or other Jurisdiction of (Commission File Number) I.R.S. Employer
incorporation or organization Identification No.)
9600 BELLAIRE BLVD., SUITE 252
HOUSTON, TEXAS 77036
(Address of principal executive offices) (Zip Code)
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REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (713) 776-3876
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ITEM 4. CHANGES TO REGISTRANT'S CERTIFYING ACCOUNTANT.
On August 20, 2002, MetroCorp Bancshares, Inc. (the "Company")
dismissed Deloitte & Touche LLP as its independent accountants. The Company's
Audit Committee and Board of Directors participated in and approved the decision
to change independent accountants.
The reports of Deloitte & Touche LLP on the financial statements for
the past two fiscal years ended December 31, 2001 and 2000 contained no adverse
opinion or disclaimer of opinion and were not qualified or modified as to
uncertainty, audit scope or accounting principle.
Moreover, in connection with its audits of the Company's financial
statements for the two most recent fiscal years and the subsequent interim
period through August 20, 2002, there have been no disagreements with Deloitte &
Touche LLP on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure, which, if not resolved to
the satisfaction of Deloitte & Touche LLP, would have caused Deloitte & Touche
LLP to make reference thereto in their report on the financial statements for
such years.
During the two most recent fiscal years and the subsequent interim
period through August 20, 2002, there were no reportable events (as defined in
Regulation S-K Item 304(a)(1)(v)).
The Company provided Deloitte & Touche LLP with a copy of the
disclosure made under this Item 4 of Form 8-K and has requested that Deloitte &
Touche LLP furnish it with a letter addressed to the Securities and Exchange
Commission stating whether or not it agrees with the above statements. A copy of
such letter, dated August 22, 2002, is filed as Exhibit 16 to this Form 8-K.
The Company selected PricewaterhouseCoopers LLP as its new independent
accountants effective August 21, 2002. During the two most recent fiscal years
and the subsequent interim period through August 20, 2002, neither the Company,
nor anyone on its behalf, has consulted with PricewaterhouseCoopers LLP
regarding (i) either 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; or (ii) any matter that
was either the subject of a disagreement, as that term is defined in Item
304(a)(1)(iv) of Regulation S-K and the related instructions to Item 304 of
Regulation S-K, or a reportable event, as that term is defined in Item
304(a)(1)(v) of Regulation S-K.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
Exhibit 16 - Letter dated August 22, 2002, from Deloitte & Touche LLP
to the Securities and Exchange Commission regarding change in certifying
accountants.
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.
METROCORP BANCSHARES, INC.
Dated: September 5, 2002 By /s/ Allen D. Brown
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Allen D. Brown
President
EXHIBIT INDEX
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EXHIBIT
NUMBER DESCRIPTION
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16 Letter dated August 22, 2002, from Deloitte & Touche LLP to
the Securities and Exchange Commission regarding change in
certifying accountant.
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