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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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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): AUGUST 21, 2002
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STATEFED FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 0-22790 42-1410788
(State or other jurisdiction of (Commission File (IRS Employer
incorporation or organization) Number) Identification No.)
13423 UNIVERSITY AVENUE, CLIVE, IOWA 50325
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (515) 223-8484
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EXPLANATORY NOTE
The Registrant is amending its Form 8-K, initially filed on August 28, 2002, to
attach as an exhibit the letter from its accountant confirming its agreement
with the Registrant's disclosure and to correct the years covered by the
accountant's most two recent reports.
ITEM 4. CHANGES TO THE REGISTRANT'S CERTIFYING ACCOUNTANT.
On August 21, 2002, StateFed Financial Corporation (the "COMPANY") received a
letter from its independent accountants stating that they had decided not to
stand for re-election as the Company's independent accountants.
The reports of McGowen, Hurst, Clark & Smith, P.C. on the financial statements
for the past two fiscal years ended June 30, 2000 and 2001 contained no adverse
opinion or disclaimer of opinion and were not qualified or modified as to
uncertainty, audit scope or accounting principle.
Moreover, during the Company's two most recent fiscal years and the subsequent
interim period through August 21, 2002, there have been no disagreements with
McGowen, Hurst, Clark & Smith, P.C. on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or procedure,
which, if not resolved to the satisfaction of McGowen, Hurst, Clark & Smith,
P.C., would have caused McGowen, Hurst, Clark & Smith, P.C. to make reference to
the subject matter of the disagreement(s) in connection with its report.
During the two most recent fiscal years and the subsequent interim period
through August 21, 2002, there were no reportable events (as defined in
Regulation S-K Item 304(a)(1)(v)).
The Company provided McGowen, Hurst, Clark & Smith, P.C. with a copy of the
disclosure made under this Item 4 of Form 8-K and has requested that McGowen,
Hurst, Clark & Smith, P.C. furnish it with a letter addressed to the Securities
and Exchange Commission stating whether or not it agrees with the above
statements. A copy of such letter, dated September 3, 2002, is filed as Exhibit
16.1 to this Form 8-K.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) EXHIBITS.
16.1 Letter from McGowen, Hurst, Clark & Smith, P.C. to the Securities and
Exchange Commission dated September 3, 2002
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.
Dated: September 3, 2002
STATEFED FINANCIAL CORPORATION
By: /s/ Randall C. Bray
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Randall C. Bray, Chairman
Exhibit Index
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Exhibit
Number Description of Exhibit
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16.1 Letter from McGowen, Hurst, Clark & Smith, P.C. to the Securities
and Exchange Commission dated September 3, 2002.