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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): March 15, 2005
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SI FINANCIAL GROUP, INC.
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(Exact name of registrant as specified in its charter)
United States 0-50801 84-1655232
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(State or other jurisdiction of (Commission (IRS Employer
incorporation or organization) File Number) Identification No.)
803 Main Street, Willimantic, Connecticut 06226
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(Address of principal executive offices) (Zip Code)
(860) 423-4581
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(Registrant's telephone number, including area code)
Not Applicable
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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:
[ ] 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))
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ITEM 4.01 CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
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(a) McGladrey & Pullen, LLP was previously the principal accountants for
SI Financial Group, Inc. (the "Company"). On March 15, 2005, the
Company dismissed McGladrey & Pullen. The decision to change
accountants was approved by the Company's Audit Committee. In
connection with the audits of the two fiscal years ended December
31, 2004 and the subsequent interim period through the date of
dismissal, there were no disagreements with McGladrey & Pullen on
any matter of accounting principles or practices, financial
statement disclosure, or auditing scope of procedure, which
disagreements if not resolved to their satisfaction would have
caused them to make reference to the subject matters of the
disagreements in connection with their report. In addition,
McGladrey & Pullen's reports on the Company's financial statements
for the two fiscal years ended December 31, 2004 contained no
adverse opinion or a disclaimer of opinion, and were not qualified
or modified as to uncertainty, audit scope, or accounting
principles.
The Company requested that McGladrey & Pullen furnish the Company
with a letter, as promptly as possible, addressed to the Securities
and Exchange Commission, stating whether it agrees with the
statements made in response to Item 304(a) of Securities and
Exchange Commission Regulation S-K in this Item 4.01, and if not,
stating the respects in which they do not agree. That letter is
filed as Exhibit 16.1 to this Report.
(b) On March 15, 2005, the Company engaged Wolf & Company, P.C. as the
Company's principal accountants. For the two fiscal years ended
December 31, 2004 and up to the date of the dismissal of McGladrey &
Pullen, the Company did not consult Wolf & Company regarding either:
(1) the application of accounting principles to a specified
transaction, either completed or proposed; (2) the type of audit
opinion that might be rendered on the Company's financial
statements; or (3) any matter that was either the subject of a
disagreement with McGladrey & Pullen on any matter of accounting
principles or practices, financial statement disclosure or auditing
scope or procedure or the subject of a reportable event.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
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(a) Financial Statements of Businesses Acquired: Not applicable
(b) Pro Forma Financial Information: Not applicable
(c) Exhibits
Number Description
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16.1 Letter from McGladrey & Pullen, LLP regarding its
agreement with the disclosure provided under
Item 4.01(a)
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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 thereunto duly authorized.
SI FINANCIAL GROUP, INC.
Date: March 21, 2005 By: /s/ Brian J. Hull
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Brian J. Hull
Executive Vice President,
Chief Financial Officer and Treasurer