UNITED STATES
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
March 28, 2003
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FARMERS CAPITAL BANK CORPORATION
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(Exact name of registrant as specified in its charter)
Kentucky
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State or other jurisdiction of incorporation
0-14412 61-1017851
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(Commission File Number) (I.R.S. Employer Identification No.)
P.O. Box 309
Frankfort, Kentucky 40602
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(Address of principle executive offices) (Zip Code)
Registrant's telephone number, including area code:
(502) 227-1600
Not Applicable
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(Former name or former address, if changed since last report)
Item 4. Changes in Registrant's Certifying Accountant
On October 28, 2002, the Audit Committee of Farmers Capital Bank Corporation
(the "Registrant") determined and approved the replacement of KPMG LLP ("KPMG")
with Crowe, Chizek, and Company LLP ("Crowe Chizek") as its independent
accountants. KPMG's service terminated with the issuance of its audit report on
the Registrant's financial statements filed on Form 10-K on March 28, 2003 for
the Registrant's 2002 fiscal year ended December 31, 2002. The change in the
Registrant's independent accountants was the result of a competitive bidding
process involving several accounting firms.
In connection with the audits of the two fiscal years ended December 31, 2002,
and the subsequent interim period through March 28, 2003, there have been no
disagreements with KPMG on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure or any reportable
events. KPMG's audit reports on the financial statements of the Registrant as of
and for the years ended December 31, 2002 and 2001 contained no adverse opinion
or disclaimer of opinion and was not qualified or modified as to uncertainty,
audit scope or accounting principles.
None of the reportable events described under Item 304(a)(1)(v) of Regulation
S-K occurred within the Registrant's two most recent fiscal years and the
subsequent interim period through March 28, 2003.
During the two most recent fiscal years, and any subsequent interim period prior
to engaging Crowe Chizek, neither the Registrant, nor anyone on its behalf,
consulted Crowe Chizek regarding (i) either the application of accounting
principles to a specified transaction, either completed or proposed; or the type
of audit opinion that might be rendered on the Registrant's financial
statements, where either a written report was provided to the Registrant or oral
advice was provided, that Crowe Chizek concluded was an important factor
considered by the Registrant in reaching a decision as to the accounting,
auditing or financial reporting issue; or (ii) any matter that was either the
subject of a disagreement (as defined in paragraph 304(a)(1)(iv) of Regulation
S-K and the related instructions) or a reportable event (as described in
paragraph 304(a)(1)(v) of Regulation S-K).
The Registrant has requested that KPMG furnish it with a letter addressed to the
Securities and Exchange Commission ("SEC") stating whether it agrees with the
above statements. A copy of KPMG's letter to the SEC dated March 28, 2003 is
attached as an exhibit to this report.
Item 7. Financial Statements and Exhibits
C. Exhibits
The exhibit listed on the Exhibit Index is filed as a part of this Report.
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.
Farmers Capital Bank Corporation
March 31, 2003 By: /s/ G. Anthony Busseni
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G. Anthony Busseni
President and Chief Executive Officer
Exhibit Index
Exhibit
(16) Letter re Change in Certifying Accountant
Exhibit 16
Letter re Change in Certifying Accountant
March 28, 2003
Securities and Exchange Commission
Washington, D.C. 20549
Ladies and Gentlemen:
We were previously principal accountants for Farmers Capital Bank Corporation
and, under the date of January 17, 2003, we reported on the consolidated
financial statements of Farmers Capital Bank Corporation as of and for the years
ended December 31, 2002 and 2001. On March 28, 2003, our appointment as
principal accountants was terminated.
We have read Farmers Capital Bank Corporation's statements included under Item 4
of its Form 8-K dated March 28, 2003, and we agree with such statements, except
that we are not in a position to agree or disagree with Farmers Capital Bank
Corporation's statement that the change was determined and approved by the Audit
Committee, and we are not in a position to agree or disagree with Farmers
Capital Bank Corporation's stated reason for changing principal accountants, and
we are not in a position to agree or disagree with Farmers Capital Bank
Corporation's statement that Crowe, Chizek, and Company LLP was not engaged
regarding (i) either the application of accounting principles to a specified
transaction, either completed or proposed; or the type of audit opinion that
might be rendered on Farmers Capital Bank Corporation's financial statements,
where either a written report was provided to Farmers Capital Bank Corporation
or oral advice was provided, that Crowe, Chizek, and Company LLP concluded was
an important factor considered by Farmers Capital Bank Corporation in reaching a
decision as to the accounting, auditing or financial reporting issue; or (ii)
any matter that was either the subject of a disagreement (as defined in
paragraph 304(a)(1)(iv) of Regulation S-K and the related instructions) or a
reportable event (as described in paragraph 304(a)(1)(v) of Regulation S-K).
Very truly yours,
/s/ KPMG LLP