-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, D2xP/OyP4jz8a6qnngghzFaH3UcOkR+tkHr6HfZQFgd8SKsdQMIAHebsdY6sw+PA eja0+OFH5rSiBQwqCMx05w== 0000912057-02-023313.txt : 20020607 0000912057-02-023313.hdr.sgml : 20020607 20020606172647 ACCESSION NUMBER: 0000912057-02-023313 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20020530 ITEM INFORMATION: Changes in registrant's certifying accountant ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020606 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SEIBELS BRUCE GROUP INC CENTRAL INDEX KEY: 0000276380 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 570672136 STATE OF INCORPORATION: SC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-08804 FILM NUMBER: 02672686 BUSINESS ADDRESS: STREET 1: 1501 LADY ST STREET 2: P O BOX 1 CITY: COLUMBIA STATE: SC ZIP: 29201 BUSINESS PHONE: 8037482000 MAIL ADDRESS: STREET 1: 1501 LADY ST STREET 2: P O BOX 1 CITY: COLUMBIA STATE: SC ZIP: 29201 8-K/A 1 a2081911z8-ka.htm FORM 8-K/A
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K/A

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): May 30, 2002

THE SEIBELS BRUCE GROUP, INC.
(Exact name of registrant as specified in its charter)

South Carolina
(State or other jurisdiction
of incorporation)
  0-8804
(Commission File Number)
  57-0672136
(IRS Employer
Identification No.)

1501 Lady Street (Post Office Box One), Columbia, South Carolina 29201(29202)
(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code (803) 748-2000

Not applicable
(Former name or former address, if changed since last report.)





ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT

        On May 30, 2002, upon the recommendation of Audit Committee of The Seibels Bruce Group, Inc. (the "Company"), the Board of Directors appointed Johnson Lambert & Co. ("Johnson Lambert") to serve as the Company's independent auditors for the current fiscal year which ends December 31, 2002. Johnson Lambert replaced Arthur Andersen LLP ("Andersen") which had been the Company's independent auditors since 1993. Andersen was dismissed on May 30, 2002.

        Andersen's reports on the consolidated financial statements of the Company and its subsidiaries for the two most recent fiscal years ended December 31, 2001 did not contain any adverse opinion or disclaimer of opinion, nor were such reports qualified or modified as to uncertainty, audit scope or accounting principles.

        During the Company's two most recent fiscal years ended December 31, 2001 and the subsequent interim period through May 30, 2002, there were: (i) no disagreements between the Company and Andersen on any matters of accounting principles or practices, financial statement disclosure, or auditing scope or procedure which, 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 on the Company's consolidated financial statement for such years; and (ii) 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 is a copy of Andersen's letter, dated June 6, 2002, stating its agreement with such statements.

        During the Company's two most recent fiscal years ended December 31, 2001 and the subsequent interim period through May 30, 2002, the Company did not consult with Johnson Lambert 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 on the Company's consolidated financial statements, or any other matters or reportable events as set forth in Items 304(a)(2)(i) and (ii) of Regulation S-K.


ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS

  Exhibit 16   Letter from Arthur Andersen LLP to the Securities and Exchange Commission dated June 6, 2002
 
Exhibit 99

 

Press release dated June 3, 2002.


SIGNATURES

        Pursuant to the requirements of Section 13 or 15(d) 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.

    THE SEIBELS BRUCE GROUP, INC.
(Registrant)

Date: June 6, 2002

 

By:

 

/s/  
JOHN E. NATILI      
John E. Natili
President and Chief Executive Officer



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SIGNATURES
EX-16 3 a2081911zex-16.htm EXHIBIT 16
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EXHIBIT 16

Office of the Chief Accountant
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549

June 6, 2002

Dear Sir/Madam:

We have read the first four paragraphs of Item 4 included in the Form 8-K/A dated May 30, 2002 of The Seibels Bruce Group, Inc. to be filed with the Securities and Exchange Commission and are in agreement with the statements contained therein.

Very truly yours,

/s/ Arthur Andersen LLP
   
cc:
Mr. John E. Natili, President and Chief Executive Officer, The Seibels Bruce Group, Inc.



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EX-99 4 a2081911zex-99.htm EXHIBIT 99
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EXHIBIT 99

Contact:    
Jack Natili   direct phone: 803.748.2643
President and Chief Executive Officer   fax: 803.748.2839
    email: jack.natili@seibels.com

Finance Contact:

 

 
Kenneth W. Marter   direct phone: 803.748.2767
Chief Financial Officer and Treasurer   fax: 803.748.8393
    email: ken.marter@seibels.com

FOR IMMEDIATE RELEASE

THE SEIBELS BRUCE GROUP, INC. SELECTS
JOHNSON LAMBERT & CO. AS INDEPENDENT AUDITOR

Columbia, South Carolina, 03 June 2002—The Seibels Bruce Group, Inc., (OTC Bulletin Board: SBIG) today announced that its board of directors has selected Johnson Lambert & Co. as the Company's independent auditor for 2002, replacing Arthur Andersen LLP.

"After a careful review process, we are pleased to select Johnson Lambert & Co. as our independent auditor and look forward to working with them," said Jack Natili, president and chief executive officer.

Prior to the appointment of Johnson Lambert & Co., Arthur Andersen had served as the Company's independent accountants since 1993. "We appreciate the dedication and professionalism Arthur Andersen brought to Seibels Bruce and thank the individuals we have worked with for their many years of service," continued Natili.

Johnson Lambert & Co., CPAs was formed in 1986 in the Washington, DC area. Since its inception, the insurance industry has been a primary focus of the firm's practice. By focusing on specialized market niches, the firm possesses a unique depth of expertise specifically relevant to the insurance industry. Headquartered in Bethesda, Maryland, and with offices in Raleigh, North Carolina, and Burlington, Vermont, Johnson Lambert & Co. provides audit services to approximately 100 insurance entities.

The Seibels Bruce Group, Inc. receives fee-based income through the National Flood Insurance Program, various state-sponsored insurance plans, claim administration and other insurance services. In addition, it is a provider of automobile and commercial lines property and casualty insurance products. Additional information about Seibels Bruce can be found online at http://www.seibels.com.

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