-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, FogD+2orUKJyaWkZc1jJjLH4fOyLI7sW+whC8cRpVoe+n8xLLiQlBt+JJbgOAkAQ JQjF+AjlMyjCjWoc15Ta/Q== 0000777844-99-000008.txt : 19990902 0000777844-99-000008.hdr.sgml : 19990902 ACCESSION NUMBER: 0000777844-99-000008 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990827 ITEM INFORMATION: FILED AS OF DATE: 19990901 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COMPUSONICS VIDEO CORP CENTRAL INDEX KEY: 0000777844 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-NONSTORE RETAILERS [5960] IRS NUMBER: 841001336 STATE OF INCORPORATION: CO FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-14200 FILM NUMBER: 99704566 BUSINESS ADDRESS: STREET 1: 7001 ORCHARD LAKE RD STE 424 CITY: W. BLOOMFIELD STATE: MI ZIP: 48322 BUSINESS PHONE: 8108515651 MAIL ADDRESS: STREET 1: 7001 ORCHARD LAKE ROAD STREET 2: SUITE 424 CITY: WEST BLOOMFIELD STATE: MI ZIP: 48322 8-K 1 CVC - CHANGE IN ACCOUNTANTS FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 August 27, 1999 ----------------- COMPUSONICS VIDEO CORPORATION (Exact Name of Registrant as specified in its charter) COLORADO 0-14200 84-1001336 ----------------- ---------------- ---------------------- (State or other (Commission file (I.R.S. Employer jurisdiction of number) Identification Number) incorporation or organization) 7001 Orchard Lake Rd., Ste. 424 W. Bloomfield, Michigan 48322-3608 ----------------------------------------- --------------------- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (248) 851-5651 N/A --------------------------------------------------------- Former name or former address, if changed from last report ITEM 4: Changes in Registrant's Certifying Accountant. (a) Hirsch Silberstein & Subelsky, P.C. resigned as the independent accountants for CompuSonics Video Corporation (the "Registrant") effective August 27, 1999. In connection with the audits of the two fiscal years ended July 31, 1998 and 1997 and the subsequent interim period through August 27, 1999, there were no disagreements with Hirsch Silberstein & Subelsky, P.C. on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, 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. The audit reports of Hirsch Silberstein & Subelsky, P.C. on the financial statements of the Registrant for the years ended July 31, 1998 and 1997, did not contain any adverse opinion or disclaimer of opinion and were not qualified or modified as to audit scope or accounting principles. The Independent Auditor's Report stated that the Registrant's financial statements raised substantial doubt about any adjustments that might result from the outcome of this uncertainty. Please refer to the Registrant's Form 10-K for year ending July 31, 1998. The decision by Hirsch Silberstein & Subelsky, P.C. to resign was a result of one of its members, Ronald N. Silberstein, leaving the firm to become Ajay Sports, Inc.'s Chief Financial Officer and Chief Administrative Officer. Following Mr. Silberstein's departure, the Registrant has been advised that the firm will concentrate its practice of providing accounting related services to individuals and privately held businesses. (b) On August 27, 1999, the Registrant engaged the accounting firm of J.L. Stephan Co., P.C. to act as its independent accounting firm, as successor to Hirsch Silberstein & Subelsky, P.C. The Registrant has not consulted J.L. Stephan Co., P.C. regarding any accounting principles or disagreements with its former independent accountants. ITEM 7. Financial Statements, Pro Forma Financial Information and Exhibits. (a) and (b) Financial Statements None (c) Exhibits Letter from Hirsch Silberstein & Subelsky, P.C. dated August 31, 1999, addressed to the Securities and Exchange Commission. Filed Herewith 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. Date: August 30, 1999 COMPUSONICS VIDEO CORPORATION By \s\Robert R. Hebard ------------------------------------- Robert R. Hebard Chief Financial Officer/Treasurer/ Chief Executive Officer EX-16 2 LETTER RE: CHANGE IN AUDITORS August 31, 1999 Securities and Exchange Commission 450 Fifth Street N.W. Washington, D.C. 20549 Gentlemen: We have read the statements made by CompuSonics Video Corporation (copy attached) which we understand will be filed with the Commission, pursuant to Item 4 of Form 8-K, as part of the Company's Form 8-K report dated August 27, 1999. We agree with the statements concerning our firm in such Form 8-K. Very Truly Yours, \s\Hirsch Silberstein & Subelsky - --------------------------------- Hirsch Silberstein & Subelsky, P.C. attachment -----END PRIVACY-ENHANCED MESSAGE-----