U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 or 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT MAY 22, 2002
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(Date of earliest event reported)
CNB FLORIDA BANCSHARES, INC.
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(Exact Name of Registrant as Specified in Its Charter)
FLORIDA
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(State or other jurisdiction of incorporation)
0-25988 59-2958616
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(Commission File Number) (IRS Employer
Identification No.)
9715 Gate Parkway North
Jacksonville, Florida 32246
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(Address of principal (Zip Code)
executive offices)
Registrant's telephone number, including area code: (904) 997-8484
Item 4. Changes in Registrant's Certifying Accountants.
On May 22, 2002 CNB Florida Bancshares, Inc. (the "Company") dismissed its
independent accountants, Arthur Andersen LLP ("Andersen") and appointed
PricewaterhouseCoopers LLP as its new independent accountants, effective
immediately. This termination followed the Company's decision to seek statements
of qualifications from independent accountants to audit the Company's financial
statements for the fiscal year ending December 31, 2002. The decision to dismiss
Andersen and to retain PricewaterhouseCoopers LLP was approved by the Company's
Board of Directors on May 22, 2002, upon the recommendation of its Audit
Committee.
During the Company's two most recent fiscal years ended December 31, 2001,
and the subsequent interim period through Andersen's dismissal, there were no
disagreements between the Company and Andersen on any matter of accounting
principles or practices, financial statement disclosure, or auditing scope or
procedure, which disagreements if not resolved to Andersen's satisfaction would
have caused them to make reference to the subject matter of the disagreement in
connection with their reports.
None of the reportable events described under Item 304 (a) (1) (v) of
Regulation S-K occurred within the Company's two most recent fiscal years and
the subsequent interim period through March 31, 2002.
The audit reports of Andersen on the consolidated financial statements of
the Company and its subsidiary as of December 31, 2001 and 2000 did not contain
any adverse opinion or disclaimer of opinion, nor were they qualified or
modified as to uncertainty, audit scope, or accounting principles. A letter from
Andersen is attached as Exhibit 16.1.
During the Company's two most recent fiscal years ended December 31, 2001
and the subsequent interim period through Andersen's dismissal, the Company did
not consult with PricewaterhouseCoopers LLP regarding any of the matters or
events set forth in Item 304 (a) (2) (i) and (ii) of Regulation S-K.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits
Exhibit No. Description
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16.1 Letter of Arthur Andersen
LLP regarding 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.
CNB FLORIDA BANCSHARES, INC.
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(Registrant)
Date: May 22, 2002 By: /s/ G. Thomas Frankland
(Signature)
G. Thomas Frankland
Executive Vice President and
Chief Financial Officer
(Principal Financial Officer)