UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
January 18, 2005
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(Date of earliest event reported)
Date of Report
Access National Corporation
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(Exact name of registrant as specified in its charter)
Virginia 000-49929 82-0545425
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1800 Robert Fulton Drive, Suite 300, Reston, VA 20191
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(Address of principal executive offices) (Zip Code)
(703) 871-2100
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(Registrant's telephone number, including area code)
n/a
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(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):
|_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 4.01 Changes in Registrant's Certifying Accountant.
On January 18, 2005, based upon the determination of its Audit Committee, Access
National Corporation ("Access" or the "Registrant") terminated its engagement
with Yount Hyde & Barbour, PC ("YHB") as its independent registered public
accounting firm and engaged BDO Seidman, LLP ("BDO") as its new independent
registered public accounting firm for the fiscal year ending December 31, 2004.
During Access's two fiscal years ended December 31, 2003 and December 31, 2004,
and during the subsequent interim period through January 18, 2005, (i) there was
no disagreement between Access and YHB on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or procedure which,
if not resolved to YHB's satisfaction, would have caused YHB to make reference
to the subject matter of the disagreement in connection with its reports on
Access's consolidated financial statements for such fiscal years (however, YHB's
engagement was terminated prior to the issuance of an audit report for the year
ended December 31, 2004 and prior to YHB's initiation of related fieldwork) and
(ii) there have been no reportable events, as defined in Item 304(a)(1)(v) of
Regulation S-K.. The audit reports of YHB on the consolidated financial
statements of Access as of and for the two fiscal years ended December 31, 2002
and December 31, 2003 did not contain any adverse opinion or disclaimer of
opinion, nor were these opinions qualified or modified as to uncertainty, audit
scope or accounting principles.
Access provided YHB with a copy of the foregoing disclosure on January 18, 2005.
Attached, as Exhibit 16, is a copy of YHB's letter to the Securities and
Exchange Commission, dated January 20, 2005, stating its agreement with the
foregoing disclosure.
During Access's two fiscal years ended December 31, 2003 and December 31, 2004,
and during the subsequent interim period through January 18, 2005, Access did
not consult with BDO regarding the application of accounting principles to a
specified transaction, either completed or proposed, or the type of audit
opinion that might be rendered on Access'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 9.01 Financial Statements and Exhibits
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
Exhibit 16 Letter from Yount Hyde & Barbour, PC to the Securities and
Exchange Commission dated January 20, 2005.
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.
ACCESS NATIONAL CORPORATION
(Registrant)
Date: January 20, 2005 By: /s/ Michael W. Clarke
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Name: Michael W. Clarke
Title: President and Chief
Executive Officer