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 (Date of Earliest Event Reported): June 28, 2002 (June 26, 2002)
ATLANTIC AMERICAN CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
| Georgia (State or Other Jurisdiction of Incorporation) |
0-3722 (Commission File Numbers) |
58-1027114 (I.R.S. Employer Identification No.) |
| 4370 Peachtree Rd., N.E. Atlanta, Georgia (Address of Principal Executive Offices) |
30319 (Zip Code) |
|
Registrant's Telephone Number, Including Area Code: (404) 266-5500
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
| Item 4. | Changes in Registrant's Certifying Accountant. |
| On June 26, 2002, the Audit Committee of the Board of
Directors of Atlantic American Corporation (the "Company") determined to end its engagement of Arthur Andersen LLP ("Andersen") as auditors and voted to engage the services of Deloitte & Touche, LLP to serve as the Company's independent auditors for the Company's 2002 fiscal year, effective immediately. |
|
| Andersen's reports on the Company's consolidated
financial statements for each of the fiscal years ended December 31, 2001 and 2000 did not contain an adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles. |
|
| During the fiscal years ended December 31, 2001 and
2000, and through the date hereof, there were no disagreements with Andersen on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure which, if not resolved to Andersen's satisfaction, would have caused Andersen to make reference to the subject matter in connection with its report with respect to the Company's consolidated financial statements for such years; and there were no reportable events as defined in Item 304(a)(1)(v) of Regulation S-K. |
|
| The Company provided Andersen with a copy of the
foregoing disclosures. Attached, as Exhibit 16.1, is a copy of Andersen's letter, dated June 28, 2002, stating its agreement with such statements. |
|
| During the fiscal years ended December 31, 2001 and
2000 and through the date hereof, the Company did not consult Deloitte & Touche, LLP with respect to the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered with respect to the Company's consolidated financial statements, or any other matters or reportable events as set forth in Items 304(a)(1)(iv) and (v) of Regulation S-K. |
|
| Item 7. | Financial Statements, Pro Forma Financial Information and Exhibits. |
| (a) Financial Statements of Business Acquired. Not applicable. |
|
| (b) Pro Forma Financial Information. Not applicable. |
|
| (c) Exhibits. | |
| The following exhibits are filed with this report: | |
| Exhibit No. Exhibit Description | |
| 16.1
Letter from Arthur Andersen LLP to the Securities and Exchange Commission, dated June 28, 2002, 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 thereunto duly authorized.
| ATLANTIC AMERICAN CORPORATION |
| /s/ Hilton H. Howell, Jr. |
|
| By: Hilton H. Howell, Jr. President and CEO |
|
Date: June 28, 2002
EXHIBIT INDEX
Exhibit No.
Exhibit Description
16.1 Letter from Arthur Andersen
LLP to the Securities and Exchange Commission,
dated June 28, 2002, regarding change in certifying accountant.
Exhibit 16.1
Office of the Chief Accountant
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
June 28, 2002
Dear Sir/Madam:
The representations made in
this letter are based solely on discussions with and representations
from the
engagement partner on the audits of the financial statements of this registrant
for the
two most recent fiscal years. This individual is no longer with Arthur
Andersen LLP. We have
read paragraphs 1-4 of Item 4 included in the Form 8-K,
dated June 28, 2002, of Atlantic
American Corporation to be filed with the
Securities and Exchange Commission and have found
no basis for disagreement with
the statements contained therein.
Very truly yours,
/s/ Arthur Andersen LLP
ARTHUR ANDERSEN LLP
Copy to:
Mr. Hilton H. Howell, Jr.
President and CEO,
Atlantic American Corporation