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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): November 26, 1996
Key Florida Bancorp, Inc .
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Exact name of registrant as specified in its charter
Florida
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State or other jurisdiction of incorporation
333-2962 65-0105205
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Commission File Number I.R.S. Employer
Identification No.
6016 26th Street West, Bradenton, Florida 34207
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Address of Principal Executive Offices
Registrant's telephone number, including area code: (941)751-4460
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KEY FLORIDA BANCORP, INC.
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
1. On November 26, 1996, Varnadore, Tyler and Hawthorne, P.A. resigned as
independent accountants of Key Florida Bancorp, Inc.
2. During the Company's two most recent fiscal years ending September 30,
1995, Varnadore, Tyler and Hawthorne, P.A.'s reports on the Company's financial
statements contained no adverse opinion or disclaimer of opinion, nor were they
qualified or modified as to uncertainty, audit scope, or accounting principles.
3. During the Company's two most recent years ending September 30, 1995 and
through November 26, 1996, there were no disagreements with Varnadore, Tyler
and Hawthorne, P.A. on any other matter of accounting principles or practices,
financial statement disclosure, auditing scope of procedure, which
disagreements, if not resolved to the satisfaction of Varnadore, Tyler and
Hawthorne, P.A., would have caused it to make reference to the subject matter
of the disagreement in connection with its report.
4. During the Company's two most recent fiscal years and through November 26,
1996, there have been no reportable events with Varnadore, Tyler and Hawthorne,
P.A. as required by Item 304 (a) (i) (v) of Regulation S-K.
5. During the Company's two most recent fiscal years and through November 26,
1996, the Company has not consulted with any other independent accountants on
items which (1) concerned 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 (2)
concerned the subject matter of a disagreement or reportable event with
Varnadore, Tyler and Hawthorne, P.A.
6. The Company has requested Varnadore, Tyler and Hawthorne, P.A. to furnish
it with a letter addressed to the Securities and Exchange Commission stating
whether Varnadore, Tyler and Hawthorne, P. A. agrees with the statements
contained in the second, third and fourth paragraphs above. A copy of the
letter from Varnadore, Tyler and Hawthorne to the Securities and Exchange
Commission is filed as Exhibit I hereto.
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KEY FLORIDA BANCORP, INC.
ITEM 7 - FINANCIAL STATEMENTS AND EXHIBITS
1. Letter from Varnadore, Tyler and Hawthorne, P.A. to the Securities and
Exchange Commission dated November 26, 1996.
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.
Key Florida Bancorp, Inc.
(Registrant)
Dated: November 26, 1996 /s/ Steven R. Jonsson
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Steven R. Jonsson
President and Chief Executive Officer
/s/ Michael L. Hogan
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Michael L. Hogan
Vice President and Treasurer
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[VARNADORE TYLER & HAWTHORNE, P.A. LETTERHEAD]
November 26, 1996
Office of the Chief Accountant
Securities and Exchange Commission
450 Fifth Street NW
Washington, D.C. 20549
Gentlemen:
We have read the statements made by Key Florida Bancorp, Inc. (copy
attached), which we understand have been filed with the Commission, pursuant
to Item 4 of Form 8-K, as part of the Company's Form 8-K report for the month
of November, 1996. We agree with the statements concerning our Firm in such
Form 8-K.
Yours very truly,
/s/ Varnadore, Tyler & Hawthorne, P.A.
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Varnadore, Tyler & Hawthorne, P.A.
Attachment
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