UNITED STATES
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) June 27, 2005
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Anchor BanCorp Wisconsin Inc.
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(Exact name of registrant as specified in its charter)
Wisconsin 000-20006 39-1726871
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
25 West Main Street, Madison, Wisconsin 53703
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (608) 252-8700
____________________________
Not Applicable
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(Former name, former address and former fiscal year, if changed since last
report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of
the following provisions (see General Instruction A.2 below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related
Audit Report or Completed Interim Review.
(b) On June 29, 2005, Anchor BanCorp Wisconsin Inc. (the "Company")
reported on a Current Report on Form 8-K that it was notified by Ernst & Young
LLP, the Company's independent registered public accounting firm, that
disclosure should be made and action taken by the Company to prevent future
reliance on previously-issued audit reports and completed interim reviews of
Ernst & Young LLP related to the Company's consolidated financial statements
for fiscal 2005, 2004 and 2003 (including interim periods therein) and prior
financial statements included in annual and quarterly reports on Forms 10-K
and 10-Q filed by the Company with the SEC because of material adjustments
which were required as a result of the Company's incorrect accounting for
loans originated by the Company through the Mortgage Partnership Finance
("MPF") 100 program of the Federal Home Loan Bank of Chicago. Ernst & Young
LLP stated its conclusion that the Company has a material weakness in its
system of internal controls over financial reporting related to the accounting
for the Company's participation in the MPF 100 program.
The Company's management and the Audit Committee of the Company's Board
of Directors have discussed the matters disclosed in the Form 8-K with Ernst
& Young LLP and are taking appropriate remedial action.
A copy of the letter from Ernst & Young LLP to the Company is attached as
Exhibit 7.1 hereto.
(c) A copy of the Form 8-K has been provided to Ernst & Young LLP, and
the Company has requested that Ernst & Young LLP furnish a letter addressed
to the SEC stating whether they agree with the statements made by the Company
in the Form 8-K, and if not, stating the respects in which it does not agree.
A copy of the letter from Ernst & Young LLP to the SEC is attached as Exhibit
7.2 hereto.
The Company's press release dated June 29, 2005 concerning this matter is
attached as Exhibit 99.1 hereto.
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Item 9.01 Financial Statements and Exhibits
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(a) Not applicable.
(b) Not applicable.
(c) The following exhibits are included with this Report:
Exhibit No. Description
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7.1 Letter from Ernst & Young LLP to Anchor BanCorp
Wisconsin Inc. dated June 28, 2005*
7.2 Letter from Ernst & Young LLP to the SEC dated
June 30, 2005
99.1 Press Release of Anchor BanCorp Wisconsin Inc.
dated June 29, 2005*
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* Previously filed.
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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 thereunto duly authorized.
ANCHOR BANCORP WISCONSIN INC.
By: /s/ Michael W. Helser
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Name: Michael W. Helser
Title: Executive Vice President and
Chief Financial Officer
Date: July 1, 2005
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