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): October 10, 2003
HALLMARK FINANCIAL SERVICES, INC.
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(Exact name of registrant as specified in its charter)
Nevada 0-16090 87-0447375
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
777 West Main Street, Suite 1000, Fort Worth, Texas 76102
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (817) 348-1600
Not Applicable
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(Former name or former address, if changed since last report.)
Item 4. Changes in Registrant's Certifying Accountant.
On October 10, 2003, the Registrant dismissed PricewaterhouseCoopers
LLP ("PWC") as its independent accountants and retained KPMG LLP ("KPMG")
as its new independent accountants to audit the Registrant's financial
statements for the fiscal year ended December 31, 2003. The decision to
change independent accountants was approved by the Audit Committee of the
Registrant.
PWC's reports on the Registrant's financial statements for the fiscal
years ended December 31, 2002 and 2001 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 Registrant's
two most recent fiscal years and through October 10, 2003, there were no
disagreements with PWC on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure which, if not
resolved to PWC's satisfaction, would have caused them to make reference
thereto in connection with their reports on the Registrant's financial
statements.
During the Registrant's two most recent fiscal years and through
October 10, 2003, there have been no reportable events as defined in Item
304(a)(1)(iv)(B) of Regulation S-B.
During the Registrant's two most recent fiscal years and through
October 10, 2003, the Registrant has not consulted with KPMG regarding any
of the matters or events set forth in Item 304(a)(2)(i) and (ii) of
Regulation S-B.
The Registrant has provided PWC with a copy of the foregoing
disclosures and has requested that PWC review such disclosures and provide a
letter addressed to the Securities and Exchange Commission stating whether
they agree with such statements. A copy of PWC's letter in response to such
request is attached hereto as Exhibit 16.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits.
16 Letter from PricewaterhouseCoopers LLP to Securities and
Exchange Commission dated October 15, 2003.
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.
HALLMARK FINANCIAL SERVICES, INC.
Date: October 17, 2003 By: /s/ Scott K. Billings
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Scott K. Billings, Its Chief Financial Officer