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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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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): 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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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, 2002 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, in connection with its audits of the Company's financial statements
for the 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 thereto in their report on
the financial statements for such years.
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.
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: August 28, 2002
STATEFED FINANCIAL CORPORATION
By: /s/ Randall C Bray
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Randall C Bray, Chairman