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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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) September 15, 2000
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PARK MERIDIAN FINANCIAL CORPORATION
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(Exact Name of Registrant as Specified in its Charter)
North Carolina 31277 56-2196075
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(State or Other Jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation) Identification No.)
6826 Morrison Boulevard
Charlotte, North Carolina 28211
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(Address of Principal Executive Offices)
(Zip Code)
(704) 366-7275
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(Registrant's Telephone Number, Including Area Code)
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Item 4. Changes in Registrant's Certifying Accountant.
(a) Previous independent accountants
On September 15, 2000, Park Meridian Financial Corporation engaged
KPMG LLP as its new independent audit firm and dismissed PricewaterhouseCoopers
LLP as its independent auditor.
The reports of PricewaterhouseCoopers on the consolidated financial
statements of the Company's predecessor and subsidiary, Park Meridian Bank (the
"Bank"), for the years ended December 31, 1999 and 1998 contained no adverse
opinion or disclaimer of opinion and were not qualified or modified as to
uncertainty, audit scope or accounting principle.
In connection with the audits of the Bank's consolidated financial
statements for the years ended December 31, 1999 and 1998 and during the
subsequent interim period from January 1, 2000 through September 15, 2000, there
were no disagreements with PricewaterhouseCoopers 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
PricewaterhouseCoopers would have caused them to make reference thereto in their
report on the consolidated financial statements of the Bank for the years ended
December 31, 1999 and 1998.
During the years ended December 31, 1999 and 1998 and during the
subsequent interim period from January 1, 2000 through September 15, 2000, there
have been no reportable events (as defined in Regulation S-K Item 304(a)(1)(v)).
The Company has requested that PricewaterhouseCoopers furnish it
with a letter addressed to the Securities and Exchange Commission stating
whether or not it agrees with the statements included in this Item 4(a). A copy
of that letter, dated September 15, 2000, is filed as Exhibit 1.16 to this Form
8-K.
(b) New independent accountants
KPMG LLP ("KPMG") was notified on September 15, 2000 of their
engagement as the Company's new independent public accountants. During the last
two fiscal years and the subsequent interim period preceding September 15, 2000,
the Company has not consulted with KPMG regarding any of the matters or events
set forth in Regulation S-K, Item 304(a)(2)(i) or (ii).
Item 7. Financial Statements and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits
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Exhibit No. Exhibit
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1.16 Letter of PricewaterhouseCoopers LLP
addressed to the Securities and Exchange
Commission
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Company has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: September 18, 2000
PARK MERIDIAN FINANCIAL CORPORATION
By: /s/ Kevin T. Kennelly
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Kevin T. Kennelly, President and Chief
Executive Officer