<SEC-DOCUMENT>0000743367-15-000066.txt : 20150806
<SEC-HEADER>0000743367-15-000066.hdr.sgml : 20150806
<ACCEPTANCE-DATETIME>20150806160412
ACCESSION NUMBER:		0000743367-15-000066
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20150804
ITEM INFORMATION:		Changes in Registrant's Certifying Accountant
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20150806
DATE AS OF CHANGE:		20150806

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BAR HARBOR BANKSHARES
		CENTRAL INDEX KEY:			0000743367
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				010393663
		STATE OF INCORPORATION:			ME
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13349
		FILM NUMBER:		151033081

	BUSINESS ADDRESS:	
		STREET 1:		82 MAIN ST
		STREET 2:		PO BOX 400
		CITY:			BAR HARBOR
		STATE:			ME
		ZIP:			04609-0400
		BUSINESS PHONE:		2072883314

	MAIL ADDRESS:	
		STREET 1:		82 MAIN ST
		STREET 2:		PO BOX 400
		CITY:			BAR HARBOR
		STATE:			ME
		ZIP:			04609-0400
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>bhb8knewaccountants.htm
<TEXT>
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<TITLE>UNITED STATES</TITLE>
<META NAME="author" CONTENT="daustin">
<META NAME="date" CONTENT="08/06/2015">
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<DIV style="width:624px"><P style="margin:0px; font-family:CG Times,Times New Roman; font-size:14pt" align=center><B>UNITED STATES</B></P>
<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:14pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:14pt" align=center><B>WASHINGTON, D.C. 20549</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-size:18pt" align=center><B>FORM 8-K</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-size:14pt" align=center><B>CURRENT REPORT PURSUANT</B></P>
<P style="margin:0px; font-size:14pt" align=center><B>TO SECTION 13 OR 15(D) OF THE</B></P>
<P style="margin:0px; font-size:14pt" align=center><B>SECURITIES EXCHANGE ACT OF 1934</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-size:11pt" align=center><B>Date of report (Date of earliest event reported): &nbsp;&nbsp;&nbsp;</B>August 4, 2015</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:11pt" align=center><B>Commission File No. 001-13349</B></P>
<P style="margin-top:0px; margin-bottom:6.667px"><BR></P>
<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:18pt" align=center><B>BAR HARBOR BANKSHARES</B></P>
<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:11pt" align=center>(Exact name of registrant as specified in its charter)</P>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=354 /><TD width=204 /></TR>
<TR><TD style="margin-top:0px" valign=top width=354><P style="margin:0px; font-family:CG Times,Times New Roman; font-size:11pt"><B><U>Maine</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=204><P style="margin:0px; font-family:CG Times,Times New Roman; font-size:11pt"><B><U>01-0393663</U></B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=354><P style="margin:0px; font-family:CG Times,Times New Roman; font-size:11pt">(State or other jurisdiction of</P>
<P style="margin:0px; font-size:11pt">incorporation or organization)</P>
</TD><TD style="margin-top:0px" valign=top width=204><P style="margin:0px; font-family:CG Times,Times New Roman; font-size:11pt">(I.R.S. Employer</P>
<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:11pt">Identification No.)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=354><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=204><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=354><P style="margin:0px; font-family:CG Times,Times New Roman; font-size:11pt"><B>PO Box 400</B></P>
</TD><TD style="margin-top:0px" valign=top width=204><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=354><P style="margin:0px; font-family:CG Times,Times New Roman; font-size:11pt"><B><U>82 Main Street, Bar Harbor, ME</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=204><P style="margin:0px; font-family:CG Times,Times New Roman; font-size:11pt"><B><U>04609-0400</U></B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=354><P style="margin:0px; font-family:CG Times,Times New Roman; font-size:11pt">(Address of principal executive offices)</P>
</TD><TD style="margin-top:0px" valign=top width=204><P style="margin:0px; font-family:CG Times,Times New Roman; font-size:11pt">(Zip Code)</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:11pt" align=center><B><U>(207) 288-3314</U></B></P>
<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:11pt" align=center>(Registrant's telephone number, including area code)</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:11pt" align=center><B><U>Inapplicable</U></B></P>
<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:11pt" align=center>(Former name, former address and former fiscal year, if changed since last report)</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=justify>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 (<I>see </I>General Instruction A.2. below):</P>
<P style="line-height:13pt; margin:0px" align=justify><BR></P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:-2px; width:24px; font-family:Wingdings; font-size:11pt; float:left">o</P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:7.333px; text-indent:-2px; font-size:11pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:-2px; width:24px; font-family:Wingdings; font-size:11pt; clear:left; float:left">o</P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:7.333px; text-indent:-2px; font-size:11pt" align=justify>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:-2px; width:24px; font-family:Wingdings; font-size:11pt; clear:left; float:left">o</P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:7.333px; text-indent:-2px; font-family:CG Times,Times New Roman; font-size:11pt" align=justify>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:-2px; width:24px; font-family:Wingdings; font-size:11pt; clear:left; float:left">o</P>
<P style="line-height:13pt; margin:0px; text-indent:-2px; font-size:11pt" align=justify>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
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<P style="margin:0px"><BR>
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<P style="margin:0px; font-size:11pt">TABLE OF CONTENTS</P>
<P style="margin:0px; font-size:11pt">&nbsp;</P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=367.133 /><TD width=57.133 /></TR>
<TR><TD style="margin-top:0px" valign=top width=367.133><P style="margin:0px; font-size:11pt">Item 4 &nbsp;Changes in Registrant&#146;s Certifying Accountant</P>
</TD><TD style="margin-top:0px" valign=top width=57.133><P style="margin:0px; font-size:11pt">Page 1</P>
</TD></TR>
</TABLE>
<P style="margin:0px; font-size:11pt">&nbsp;</P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=366.067 /><TD width=56.067 /></TR>
<TR><TD style="margin-top:0px" valign=top width=366.067><P style="margin:0px; font-size:11pt">Item 9 &nbsp;Financial Statements and Exhibits</P>
</TD><TD style="margin-top:0px" valign=top width=56.067><P style="margin:0px; font-size:11pt">Page 1</P>
</TD></TR>
</TABLE>
<P style="margin:0px; font-size:11pt">&nbsp;</P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=366.067 /><TD width=56.067 /></TR>
<TR><TD style="margin-top:0px" valign=top width=366.067><P style="margin:0px; font-size:11pt">Signatures</P>
</TD><TD style="margin-top:0px" valign=top width=56.067><P style="margin:0px; font-size:11pt">Page 1</P>
</TD></TR>
</TABLE>
<P style="margin:0px; font-size:11pt">&nbsp;</P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=366.067 /><TD width=56.067 /></TR>
<TR><TD style="margin-top:0px" valign=top width=366.067><P style="margin:0px; font-size:11pt">Exhibit Index</P>
</TD><TD style="margin-top:0px" valign=top width=56.067><P style="margin:0px; font-size:11pt">Page 2</P>
</TD></TR>
</TABLE>
<P style="margin:0px; font-size:11pt">&nbsp;</P>
<P style="margin:0px; padding-bottom:4px; font-size:11pt; border-bottom:2px solid #000000">&nbsp;</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:96px; font-size:12pt; float:left"><B>ITEM 4.01</B></P>
<P style="margin:0px; text-indent:-2px; font-size:12pt"><B>CHANGES</B><FONT style="font-size:11pt"> </FONT><FONT style="font-size:11pt"><B>IN REGISTRANT&#146;S CERTIFYING ACCOUNTANTS</B></FONT></P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-family:CG Times,Times New Roman; font-size:11pt; float:left">(a)</P>
<P style="margin:0px; text-indent:-2px; font-family:CG Times,Times New Roman; font-size:11pt" align=justify>On August 4, 2015, the Audit Committee of the Board of Directors of Bar Harbor Bankshares (the &#147;Company&#148;) dismissed KPMG, LLP (&#147;KPMG&#148;) as its independent accountants, and approved the appointment of McGladrey LLP as its independent public accountants for the Company&#146;s fiscal year ending December 31, 2015</P>
<P style="margin:0px; clear:left" align=justify><BR></P>
<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:11pt" align=justify>The reports of KPMG on the Company&#146;s audited consolidated financial statements for the years ending December 31, 2014 and 2013 did not contain any adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:11pt" align=justify>During the Company&#146;s fiscal years 2014 and 2013, and the interim period preceding the dismissal of KPMG on August 4, 2015, there have been no disagreements between the Company and KPMG on any matters of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreement(s), if not resolved to the satisfaction of KPMG, would have caused it to make reference to the subject matter of the disagreement(s) in connection with its prior reports.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:11pt" align=justify>During the two-year period ending December 31, 2014, and the interim period preceding the dismissal of KPMG, no reportable events occurred in connection with the relationship between KPMG and the Company.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-size:11pt" align=justify><FONT style="background-color:#FFFFFF">The Company provided KPMG with a copy of the disclosure made in response to this Item 4.01 and requested that KPMG furnish a letter addressed to the Commission confirming that it agrees with the above statements. A copy of KPMG's letter, dated August 6, 2015, is filed as Exhibit 16.1 to this current report on Form 8-K.</FONT></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:11pt; float:left"><FONT style="background-color:#FFFFFF">(b)</FONT></P>
<P style="margin:0px; text-indent:-2px; font-size:11pt" align=justify>During the Company&#146;s fiscal years ended December 31, 2014 and 2013 and the subsequent interim period preceding the engagement of McGladrey LLP, the Company did not consult McGladrey LLP regarding: (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&#146;s financial statements, and McGladrey LLP did not provide any written report or oral advice that McGladrey LLP concluded was an important factor considered by the Company in reaching a decision as to any such accounting, auditing or financial reporting issue; or (3) any matter that was either the subject of a disagreement or a reportable event.</P>
<P style="margin:0px; clear:left" align=justify><BR>
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<P style="margin-top:0px; margin-bottom:-2px; width:96px; font-family:CG Times,Times New Roman; font-size:12pt; float:left"><B>ITEM 9.01</B></P>
<P style="margin:0px; text-indent:-2px; font-family:CG Times,Times New Roman; font-size:12pt"><B>FINANCIAL STATEMENTS AND EXHIBITS</B></P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:11pt; float:left">(d)</P>
<P style="margin:0px; text-indent:-2px; font-size:11pt">The following exhibits are filed with this Report:</P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin-top:0px; margin-bottom:2px; width:96px; font-family:CG Times,Times New Roman; border-bottom:1px solid #000000; float:left"><B>Exhibit No.</B></P>
<P style="margin:0px; padding-bottom:4px; text-indent:-2px; font-family:CG Times,Times New Roman; border-bottom:1px solid #000000"><B>Description</B></P>
<P style="margin-top:0px; margin-bottom:-2px; width:96px; font-size:11pt; clear:left; float:left">16.1</P>
<P style="margin:0px; text-indent:-2px; font-size:11pt">Letter of KPMG LLP dated August 6, 2015, furnished herewith<FONT style="font-size:12pt">.</FONT></P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin-top:6.133px; margin-bottom:6.133px; font-family:CG Times,Times New Roman; font-size:12pt"><B>SIGNATURES</B></P>
<P style="margin-top:6.133px; margin-bottom:6.133px; font-family:CG Times,Times New Roman; font-size:11pt">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>
<P style="margin-top:6.133px; margin-bottom:6.133px; font-family:CG Times,Times New Roman; font-size:12pt">Dated: &nbsp;<FONT style="font-family:Times New Roman; font-size:11pt">August 6, 2015</FONT></P>
<P style="margin-top:6.133px; margin-bottom:6.133px; font-family:CG Times,Times New Roman; font-size:11pt">BAR HARBOR BANKSHARES</P>
<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:11pt" align=justify>/s/ Gerald Shencavitz</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:11pt" align=justify>Gerald Shencavitz</P>
<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:11pt" align=justify>EVP and Chief Financial Officer</P>
<P style="margin:0px" align=justify><BR>
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<P style="margin:0px; font-family:CG Times,Times New Roman">&nbsp;</P>
<P style="margin:0px; padding-bottom:4px; font-size:11pt; border-bottom:1px solid #000000">Exhibit Index</P>
<P style="margin:0px; font-size:11pt">&nbsp;</P>
<P style="margin:0px; font-size:11pt">&nbsp;</P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=122.067 /><TD width=140.067 /></TR>
<TR><TD style="margin-top:0px" valign=top width=122.067><P style="margin:0px; font-size:11pt">Exhibit Number</P>
</TD><TD style="margin-top:0px" valign=top width=140.067><P style="margin:0px; font-size:11pt">Description of Exhibit</P>
</TD></TR>
</TABLE>
<P style="margin:0px; font-size:11pt">&nbsp;</P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=123.133 /><TD width=335 /></TR>
<TR><TD style="margin-top:0px" valign=top width=123.133><P style="margin:0px; font-size:11pt">16.1</P>
</TD><TD style="margin-top:0px" valign=top width=335><P style="margin:0px; font-size:11pt">Letter of KPMG, LLP dated August 6, 2015</P>
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<DOCUMENT>
<TYPE>EX-16
<SEQUENCE>2
<FILENAME>bhb8kex16kpmgresponse.htm
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<TITLE>A52.2 Letter to the SEC in response to comments made by a former client reporting a change in principal auditors on Form 8-K</TITLE>
<META NAME="keywords" CONTENT="ARO_Forms">
<META NAME="author" CONTENT="DPP">
<META NAME="date" CONTENT="08/06/2015">
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<DIV style="width:570.267px"><P style="margin:0px; font-size:11pt">EXHIBIT 16.1</P>
<P style="margin:0px; font-family:Univers 45 Light,Times New Roman; font-size:9pt" align=center><B>KPMG LLP</B></P>
<P style="margin:0px; font-family:Univers 45 Light,Times New Roman; font-size:8pt" align=center>Two Financial Center<BR>
60 South Street</P>
<P style="margin:0px; font-family:Univers 45 Light,Times New Roman; font-size:8pt" align=center>Boston, MA 02111</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt">August 6, 2015</P>
<P style="margin-top:0px; margin-bottom:22px; font-size:11pt">Securities and Exchange Commission<BR>
Washington, D.C. 20549</P>
<P style="margin-top:0px; margin-bottom:22px; font-size:11pt">Ladies and Gentlemen:</P>
<P style="margin-top:0px; margin-bottom:12.2px; font-size:11pt" align=justify>We were previously principal accountants for Bar Harbor Bankshares and subsidiaries and, under the date of March&nbsp;16, 2015, we reported on the consolidated financial statements of Bar Harbor Bankshares and subsidiaries as of and for the years ended December&nbsp;31, 2014 and 2013 and the effectiveness of internal control over financial reporting as of December&nbsp;31, 2014. &nbsp;On August 4, 2015, we were dismissed. &nbsp;We have read Bar Harbor Bankshares&#146; statements included under Item 4.01 of its Form 8-K dated August 6, 2015, and we agree with such statements except that we are not in a position to agree or disagree with Bar Harbor Bankshares&#146; statement that the change was approved by the audit committee of the board of directors and we are not in a position to agree or disagree with Bar Harbor Bankshares&#146; statements in Item 4.01(b).</P>
<P style="margin-top:0px; margin-bottom:12.2px; font-size:11pt" align=justify>Very truly yours,</P>
<P style="margin-top:0px; margin-bottom:12.2px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px; font-size:11pt" align=justify>/s/KPMG LLP</P>
<P style="margin-top:0px; margin-bottom:12.2px" align=justify><BR></P>
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