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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): JULY 10, 2007
UNITED BANCORP, INC.
(Exact name of registrant as specified in its charter)
OHIO 0-16540 34-1405357
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
201 SOUTH 4TH STREET, MARTINS FERRY, OHIO 43935-0010
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (740) 633-0445
Former name or former address, if changed since last report. Not Applicable
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.
(a) On July 10, 2007, Grant Thornton LLP ("Grant Thornton") was terminated as
the independent registered public accountant for United Bancorp, Inc. ("United"
or the "Corporation"). On July 10, 2007, the Audit Committee of the
Corporation's Board of Directors, upon authority delegated to it by the Board of
Directors, engaged the firm of BKD, LLP as the Corporation's new independent
registered public accountant.
(b) Grant Thornton's reports on the consolidated financial statements of the
Corporation for each of the fiscal years ended December 31, 2005 and December
31, 2006, contained no adverse opinions or disclaimers of opinion, and none were
qualified or modified as to uncertainty, audit scope or accounting principles.
During the fiscal years ended December 31, 2005 and December 31, 2006, and the
subsequent interim period through July 10, 2007, there were no disagreements
between the Corporation and Grant Thornton 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 Grant
Thornton, 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, 2004, December 31, 2005 and December 31, 2006, and the subsequent
interim period through July 10, 2007, there were no reportable events as defined
in Item 304 (a)(1)(v) of SEC Regulation S-K.
(c) During the fiscal years ended December 31, 2005 and December 31, 2006, and
the subsequent interim period through July 10, 2007, the Corporation did not
consult with BKD, 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 Grant Thornton to
the Commission stating whether Grant Thornton agrees with the statements made by
Registrant in this report on Form 8-K and the respects, if any, in which Grant
Thornton does not agree with Registrant's statements in this report on Form 8-K.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
The following exhibits are furnished herewith:
EXHIBIT
NUMBER EXHIBIT DESCRIPTION
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16 Letter of Grant Thornton, LLP regarding change in certifying
accountant.
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 authorized.
Dated: July 16, 2007 UNITED BANCORP, INC.
/s/ Randall M. Greenwood
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Randall M. Greenwood
Senior Vice President and
Chief Financial Officer
EXHIBIT INDEX
EXHIBIT
NUMBER EXHIBIT DESCRIPTION
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16 Letter of Grant Thornton, LLP regarding change in certifying
accountant.