Attached files
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| EX-99.1 - EXHIBIT 99.1 - SECURITY CAPITAL CORP/MS | ex99_1.htm |
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)
November 10, 2011
SECURITY CAPITAL CORPORATION
(Exact Name of Registrant as Specified in its Charter)
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Mississippi
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64-0681198
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(State or other jurisdiction of
incorporation or organization)
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(I.R.S. Employer
Identification No.)
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No. 000-50224
(Commission file number)
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295 Highway 6 West/P. O. Box 690
Batesville, Mississippi
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38606
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(Address of Principal Executive Offices)
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(Zip Code)
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(662) 563-9311
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(Registrant’s telephone number, including area code)
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INFORMATION TO BE INCLUDED IN THE REPORT
Item 4.01. Changes in Registrant's Certifying Accountant
Appointment of Horne, LLP
On August 18, 2011, the Board of Directors of Security Capital Corporation ("the Company") voted to dismiss T. E. Lott & Company, P. A., and to appoint Horne, LLP, as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2011, and until their successors are selected. The decision to appoint Horne, LLP, was presented by the Audit Committee and approved by the Company's Board of Directors during its August meeting.
The Company has been advised that neither Horne, LLP, nor any of its partners, has any direct or any material indirect financial interest in the securities of the Company or any of its subsidiaries, except as auditors and consultants on accounting procedures and tax matters.
Additionally, during the two fiscal years ended December 31, 2010 and 2009, and the interim periods ended March 31, 2011, June 30, 2011 and September 30, 2011, there were no consultations between the Company and Horne, LLP, regarding: (i) 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 financial statements, and either a written report was provided to the Company or oral advice was provided that the new accountant concluded was
an important factor considered by the Company in reaching a decision as to the accounting, auditing, or financial reporting issue (ii) any matter that was the subject of a disagreement under Item 304(a)(1)(iv) of Regulation S-K, or a reportable event under Item 304(a)(1)(v) of Regulation S-K; or (iii) any other matter.
T. E. Lott & Company, P.A., served as the Company's independent registered public accounting firm through the completion of their review of the Form 10-Q for the interim period ending September 30, 2011, which was filed November 9, 2011.
No Adverse Opinion or Disagreement
The audit reports of T. E. Lott & Company, P. A., on the consolidated financial statements of the Company as of and for the years ended December 31, 2010 and 2009, did not contain an adverse opinion or disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principles. The audit reports of T. E. Lott and Company, P.A., on the effectiveness of internal control over financial reporting as of December 31, 2010 and 2009, did not contain an adverse opinion or disclaimer of opinion, and were not qualified or modified as to
uncertainty, audit scope or accounting principles.
[Missing Graphic Reference]
In connection with the audits of the two fiscal years ended December 31, 2010 and 2009, and the reviews of the subsequent interim periods ended March 31, 2011, June 30, 2011, and September 30, 2011, there were no: (1) disagreements with T. E. Lott and Company, P.A., on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreements, if not resolved to their satisfaction, would have caused them to make reference in connection with their opinion to the subject matter of the disagreement, or (2) reportable events.
The letter from T. E. Lott & Company, P.A., is attached as Exhibit 99.1.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: November 10, 2011
SECURITY CAPITAL CORPORATION
(Registrant)
By: /s/ Connie Woods Hawkins
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Connie Woods Hawkins
Executive Vice President
and Chief Financial Officer