SEC Company Response from JACKSONVILLE BANCORP INC (CIK 0001172097) — Nov 17, 2004
JACKSONVILLE BANCORP INC (CIK 0001172097)
Date: Nov. 17, 2004 · CIK: 0001172097 · Accession: 0000943374-04-001091
AI Filing Summary & Sentiment
Letter
November 17, 2004 Via Overnight Delivery Angela Jackson Staff Accountant U.S. Securities and Exchange Commission Division of Corporation Finance 450 Fifth Street, NW Washington, DC 20549
Re: Jacksonville Bancorp, Inc. Current Report on Form 8-K filed on October 22, 2004 File No. 0-49792
Dear Ms. Jackson:
I am writing in response to the staff's letter to Ms. Diana S. Tone regarding the above referenced filing, and as a follow-up to my discussions with you yesterday. As I stated in our discussion, the audit committee of Jacksonville Bancorp, Inc.'s board of directors decided to replace its existing auditors following the receipt of bids from a number of accounting firms, including McGladrey & Pullen. The decision to change auditing firms was not based upon any dissatisfaction with McGladrey & Pullen. In fact, the decision to change outside auditors is not going to occur until Jacksonville Bancorp, Inc.'s 2004 audit has been completed and the Annual Report on Form 10-K has been filed. This will occur on or about March 29, 2005.
Clearly, Jacksonville Bancorp, Inc. does not view the change in auditors as a "dismissal", and we confirm that McGladrey & Pullen did not resign or decline to stand for reelection.
Jacksonville Bancorp, Inc. submits that while the disclosure in its Form 8-K does not fall within enumerated items of Item 304(a)(1)(i) of Regulation S-K, the disclosure accurately reflects the facts surrounding the decision, Jacksonville Bancorp, Inc. feels that it would be misleading to characterize the decision to change accountants as a "dismissal." We therefore respectfully request that the disclosure as originally stated in the Current Report on Form 8-K be left unchanged. Should you have any questions, please do not hesitate to contact the undersigned.
Very truly yours,
/s/ Alan Schick
--------------------
Alan Schick
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[Letterhead of Luse Gorman Pomerenk & Schick, P.C.]
(202) 274-2008 aschick@luselaw.com
November 17, 2004
Via Overnight Delivery
Angela Jackson
Staff Accountant
U.S. Securities and Exchange Commission
Division of Corporation Finance
450 Fifth Street, NW
Washington, DC 20549
Re: Jacksonville Bancorp, Inc.
Current Report on Form 8-K filed on October 22, 2004
File No. 0-49792
Dear Ms. Jackson:
I am writing in response to the staff's letter to Ms. Diana S. Tone
regarding the above referenced filing, and as a follow-up to my discussions with
you yesterday. As I stated in our discussion, the audit committee of
Jacksonville Bancorp, Inc.'s board of directors decided to replace its existing
auditors following the receipt of bids from a number of accounting firms,
including McGladrey & Pullen. The decision to change auditing firms was not
based upon any dissatisfaction with McGladrey & Pullen. In fact, the decision to
change outside auditors is not going to occur until Jacksonville Bancorp, Inc.'s
2004 audit has been completed and the Annual Report on Form 10-K has been filed.
This will occur on or about March 29, 2005.
Clearly, Jacksonville Bancorp, Inc. does not view the change in auditors as
a "dismissal", and we confirm that McGladrey & Pullen did not resign or decline
to stand for reelection.
Jacksonville Bancorp, Inc. submits that while the disclosure in its Form
8-K does not fall within enumerated items of Item 304(a)(1)(i) of Regulation
S-K, the disclosure accurately reflects the facts surrounding the decision,
Jacksonville Bancorp, Inc. feels that it would be misleading to characterize the
decision to change accountants as a "dismissal." We therefore respectfully
request that the disclosure as originally stated in the Current Report on Form
8-K be left unchanged. Should you have any questions, please do not hesitate to
contact the undersigned.
Very truly yours,
/s/ Alan Schick
--------------------
Alan Schick
cc: Diana S. Tone, Chief Financial Officer
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