SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
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) November 19, 2002
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UNITED BANCORP, INC.
(Name of Issuer in its charter)
Ohio 0-16540 34-1405357
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(State or Other Jurisdiction of (Commission File Number) (I.R.S. Employer
Incorporation) Identification No.)
201 South 4th Street, Martins Ferry, Ohio 43935-0010
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(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, including Area Code 740-633-0445
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N/A
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(Former Name or Former Address, if Changed Since Last Report)
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
(a) On November 19, 2002, the Board of Directors of United Bancorp,
Inc. ("United" or the "Corporation"), upon the recommendation of its Audit
Committee, dismissed Crowe, Chizek and Company LLP ("Crowe Chizek") as the
Corporation's independent public accountant for all periods commencing on or
after January 1, 2003, and engaged the firm of Grant Thornton, LLP as its new
independent public accountant, effective for the fiscal year beginning January
1, 2003.
(b) Crowe Chizek's report on the consolidated financial statements of
the Corporation for each of the fiscal years ended December 31, 2000 and
December 31, 2001 did not contain an adverse opinion or a disclaimer of opinion
and was not qualified or modified as to uncertainty, audit scope or accounting
principles. During the fiscal years ended December 31, 2000 and December 31,
2001, and the subsequent interim period through November 19, 2002, there were no
disagreements between the Corporation and Crowe Chizek 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
Crowe Chizek, would have caused it to make reference to the subject matter of
the disagreement in connection with its reports. During the fiscal years ended
December 31, 2000 and December 31, 2001, and the subsequent interim period
through November 19, 2002, there were no reportable events as defined in Item
304(a)(1)(v) of SEC Regulation S-K.
(c) During United's two most recent fiscal years ended December 31,
2000, and December 31, 2001, and the subsequent interim period through November
19, 2002, the Corporation did not consult with Grant Thornton, LLP regarding any
of the matters or events set forth in Item 304(a)(2)(i) and (ii) of SEC
Regulation S-K.
Exhibit No. 16, filed herewith, sets forth the letter of Crowe, Chizek
and Company LLP to the Commission stating whether Crowe, Chizek and Company LLP
agrees with the statements made by Registrant in this report on Form 8-K and the
respects, if any, in which Crowe, Chizek and Company LLP does not agree with
Registrant's statements in this Report on Form 8-K.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
Exhibit Number Description of Exhibit
16 Letter of Crowe, Chizek and Company LLP regarding change in
certifying accountant.
SIGNATURE
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 authorized.
Dated: November 25, 2002
United Bancorp, Inc.
/s/ Randall M. Greenwood
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Randall M. Greenwood
Chief Financial Officer
EXHIBIT INDEX
Exhibit
Number Description of Exhibit
16 Letter of Crowe, Chizek and Company LLP regarding change in certifying
accountant.