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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDMENT NO. 1
TO
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) October 19, 2001
GS Financial Services, Inc.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation or organization)
033-07878-A 59-2686448
(Commission File Number) (IRS Employer Identification Number)
12 Fern Cliff Terrace
Glen Ridge, NJ 07028
(Address of principal executive offices)
(973) 783-4307
(Registrant's telephone number, including area code)
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Item 4. Changes in Registrant's Certifying Accountant
1. i. Registrant's primary accountant, Clancy
and Co., P.L.L.C., was dismissed by
the Company on October 19, 2001.
ii. No reports on the financial statements
prepared by Clancy and Co., P.L.L.C.
for the fiscal years ending May 31, 1997 and 1996, the last
two fiscal years that were audited,
and the subsequent interim period through April 13, 1998,
contained any adverse opinion or
disclaimer of opinion, or was qualified or modified as
to uncertainty, audit scope, or accounting principles.
iii. The decision to change accountants was
approved by the Board on October 19, 2001.
iv. During the registrant's two most
recent fiscal years, there were no
disagreements with Clancy and Co., P.L.L.C. on any
matter of accounting principals or
practices, financial statement disclosure, or auditing
scope or procedure, which disagreements
would have caused it to make reference to the subject matter
of the disagreements in connection with its report.
2. i. The registrant retained the services
of the accounting firm of Harper and Pearson Company
on October 19, 2001 as their principal accountant.
ii. The registrant did not contact the new accountant
prior to its engaging the new accountant regarding the
application of accounting principals to a specified
transaction, or the type of audit opinion that might be
rendered on the registrant's financial statements.
iii. The registrant did not contact the new
accountant prior to its engaging the
new accountant regarding any matter that was either
the subject of a disagreement or a reportable event.
3. The registrant has provided a copy of this report, on or prior to
the date of filing this report with the Commission, to Clancy and Co., P.L.L.C.
and requested that he furnish the registrant with a letter addressed to the
Commission stating his approval of or disagreement with the disclosures made
herein. Such letter will be filed with the Commission upon receipt by the
registrant, but not later than ten days following the filing of this report.
Item 7. Financial Statements and Exhibits
Financial Statements
None
Exhibits
16 -- Letter re change in certifying accountant.
SIGNATURE
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.
GS FINANCIAL SERVICES, INC.
By: /s/Thomas V. Ackerly
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Thomas V. Ackerly, President
and Chief Executive Officer
Date: November 2, 2001
EXHIBIT 16
Letter re change in certifying accountant
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Letterhead of Clancy and Co., P.L.L.C.
October 31, 2001
Office of the Chief Accountant
Securities and Exchange Commission
450 Fifth Avenue, N.W.
Washington, D.C. 20549
Dear Sir/Madam,
We have read the first two paragraphs of Item 4 included in the Form 8-K of GS
Financial Services, Inc. to be filed with the Securities and Exchange Commission
and are in agreement with the statements contained therein.
This letter serves to confirm that the client-auditor relationship with GS
Financial Services, Inc. ceased on October 31, 2001.
Very truly yours,
/s/Clancy and Co., P.L.L.C.
Copy to:
Thomas V. Ackerly, President and Chief Executive Officer
GS Financial Services, Inc.