Current Report Filing (8-k)
17 Août 2015 - 4:35PM
Edgar (US Regulatory)
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 (Date of earliest event reported): August 17, 2015
GEORGETOWN BANCORP, INC.
(Exact Name of Registrant as Specified in its Charter)
Maryland |
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001-35595 |
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80-0817763 |
(State or Other Jurisdiction |
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(Commission File No.) |
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(I.R.S. Employer |
of Incorporation) |
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Identification No.) |
2 East Main Street, Georgetown, MA |
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01833 |
(Address of Principal Executive Offices) |
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(Zip Code) |
Registrants telephone number, including area code: 978-352-8600
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 4.01. Changes in Registrants Certifying Accountant.
Georgetown Bancorp, Inc. (the Company) was notified that Shatswell, MacLeod & Company, P. C. (Shatswell), the Companys independent registered public accounting firm, combined its audit practice (the Merger) with Baker Newman & Noyes, P. A., LLC (BNN). As a result of the Merger, effective August 17, 2015, Shatswell resigned as the Companys independent registered public accounting firm and BNN, as the successor to Shatswell following the Merger, was engaged as the Companys independent registered public accounting firm. The Companys Audit Committee was notified of the Merger and the effective resignation of Shatswell and approved the engagement of BNN.
During the years ended December 31, 2014 and 2013, and the subsequent interim period prior to the engagement of BNN, the Company did not consult with BNN regarding the application of accounting principles to a specific completed or proposed transaction or regarding the type of audit opinion that might be rendered by BNN on the Companys financial statements, BNN did not provide any written or oral advice that was an important factor considered by the Company in reaching a decision as to any such accounting, auditing or financial reporting issue, and the Company did not consult with BNN regarding any of the matters or events set forth in Item 304(a)(2)(ii) of Regulation S-K.
The reports of Shatswell on the financial statements of the Company for the years ended December 31, 2014 and 2013 contained no adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principle. In connection with its audits for the years ended December 31, 2014 and 2013 and reviews of the Companys financial statements through August 17, 2015, there were no disagreements with Shatswell on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of Shatswell, would have caused them to make reference thereto in their reports, and there have been no reportable events as described in Item 304(a)(1)(v) of Regulation S-K.
The Company provided Shatswell with a copy of this Current Report on Form 8-K prior to its filing with the Securities and Exchange Commission and requested that Shatswell furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether it agrees with the above statements and, if it does not agree, the respects in which it does not agree. A copy of the letter, dated August 17, 2015, is filed as Exhibit 16.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. |
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Description |
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16.1 |
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Letter, dated August 17, 2015 from Shatswell to the Securities and Exchange Commission, regarding change in certifying accountant of the Company. |
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SIGNATURES
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.
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GEORGETOWN BANCORP, INC. |
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DATE: August 17, 2015 |
By: |
/s/ Joseph W. Kennedy |
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Joseph W. Kennedy |
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Senior Vice President and Chief Financial Officer and Treasurer |
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Exhibit 16.1

August 17, 2015
Securities and Exchange Commission
100 F Street, N. E.
Washington, DC 20549
Dear Ladies and Gentlemen:
We are the former independent registered public accounting firm for Georgetown Bancorp, Inc. (the Company). We have read the Companys disclosure set forth in Item 4.01 Changes in Registrants Certifying Accountant of the Companys Current Report on Form 8-K dated August 17, 2015 (the Current Report) and are in agreement with the disclosure in the Current Report, insofar as it pertains to our firm.
Sincerely,

Shatswell, MacLeod & Company, P.C.
Georgetown Bancorp, Inc. (NASDAQ:GTWN)
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