SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
(AMENDMENT NO. 1)
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT: JANUARY 23, 2003
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SUN BANCSHARES, INC.
(EXACT NAME OF SMALL BUSINESS ISSUER AS SPECIFIED IN ITS CHARTER)
SOUTH CAROLINA 333-30182 58-2466380
(STATE OR OTHER JURISDICTION (COMMISSION FILE NUMBER) (IRS EMPLOYER
OF INCORPORATION) IDENTIFICATION NO.)
4367 RIVERWOOD DRIVE, MURRELLS INLET, SC 29576-1359
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
(843) 357-7007
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
NOT APPLICABLE
(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
Item 4. Changes in Registrant's Certifying Accountant.
(a) Tourville, Simpson and Caskey, LLP (TSC), which has served as the
principal independent accountant for the Registrant since December 1999,
resigned from such position effective January 2, 2003. TSC's report on the
financial statements of the Company for each of the years ended December 31,
2000 and December 31, 2001 did not contain an adverse opinion or a disclaimer of
opinion and was not qualified or modified as to uncertainty, audit scope or
accounting principles.
During the Company's three most recent fiscal years ended December 31,
2002, and the subsequent interim period through January 2, 2003, there were no
disagreements between the Company and TSC 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 TSC, would have
caused it to make reference to the subject matter of the disagreements in
connection with its report. A letter from TSC is attached as Exhibit 16.1 to
this Report.
The disclosures required by Item 304 (a) (1) (iv) (B) of Regulation S-B are not
applicable.
(b) Elliott Davis, LLC, certified public accountants, was engaged by the
Registrant on January 2, 2003, to audit the financial statements for the year
ending December 31, 2002. The Registrant did not consult Elliott Davis
regarding any of the matters set forth in Item 304 (a) (2) (i) or (ii) of
Regulation S-B.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits
Exhibit
Number Description of Exhibit
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16.1 Letter of Tourville, Simpson and Caskey, LLP regarding change in
certifying accountant.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
SUNBANCSHARES, INC.
By: /s/ Thomas Bouchette
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Thomas Bouchette
President
January 22, 2003
EXHIBIT INDEX
Exhibit
Number Description of Exhibit
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*16.1 Letter of Tourville, Simpson and Caskey, LLP regarding
change in certifying accountant.
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* Filed herewith.