-----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, IlqZssRW6JJrISkOncgK4NjaDD+h8Sywr2UvefWEd70GdoNzHEW/dSD+cZPT7Oeg uCgxDbpnUxp6HyXDnGm02A== 0000798359-03-000028.txt : 20030724 0000798359-03-000028.hdr.sgml : 20030724 20030724130107 ACCESSION NUMBER: 0000798359-03-000028 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030723 ITEM INFORMATION: Changes in registrant's certifying accountant FILED AS OF DATE: 20030724 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INVESTORS REAL ESTATE TRUST CENTRAL INDEX KEY: 0000798359 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 450311232 STATE OF INCORPORATION: ND FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-14851 FILM NUMBER: 03800407 BUSINESS ADDRESS: STREET 1: 12 S MAIN STREET STREET 2: SUITE 100 CITY: MINOT STATE: ND ZIP: 58701 BUSINESS PHONE: 701-837-4738 MAIL ADDRESS: STREET 1: PO BOX 1988 STREET 2: SUITE 100 CITY: MINOT STATE: ND ZIP: 58702-1988 8-K 1 frm8k072403.htm INVESTORS REAL ESTATE TRUST - JULY 23, 2003 Investors Real Estate Trust - 8-K - July 23, 2003

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

 

July 23, 2003
Date of Report (Date of earliest event reported)

 

INVESTORS REAL ESTATE TRUST
(Exact name of Registrant as Specified in Charter)

North Dakota  

 0-14851

45-0311232

(State or Other Jurisdiction of Incorporation)

(Commission File Number)    

(IRS Employer Identification No.)

 

12 South Main Street, Suite 100, Minot ND  58701
(Address of Principal Executive Offices, including Zip Code)

(701) 837-4738
(Registrant's telephone number, including area code)

      N/A
(Former name or former address, if changed since last report)

Item 4.  CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.

                On July 23, 2003, the Board of Trustees of Investors Real Estate Trust (the "Company"), upon recommendation of the Audit Committee, terminated the engagement of Brady, Martz & Associates, P.C. ("Brady Martz") as the Company's independent public accountants effective immediately.  The Company anticipates that it will, in the future, retain Brady Martz from time to time for tax and other advising issues.  Also on July 23, 2003, the Board of Trustees, upon recommendation of the Audit Committee, engaged Deloitte & Touche LLP ("Deloitte & Touche") to serve as the Company's independent public accountants for the fiscal year ending April 30, 2004, effective immediately.

                The reports of Brady Martz on the Company's Consolidated Financial Statements for each of the fiscal years ended April 30, 2003 and 2002 did not contain an adverse opinion or disclaimer of opinion, nor were such financial statements qualified or modified as to uncertainty, audit scope or accounting principles.

                During the fiscal years ended April 30, 2003 and 2002, and through July 23, 2003, there were (i) no disagreements with Brady Martz on any matter of accounting principals or practices, financial statement disclosure or auditing scope or procedure which, if not resolved, to the satisfaction of Brady Martz, would have caused Brady Martz to make reference to the subject matter in connection with its report on the Company's Consolidated Financial Statements for such years; and (ii) there were no reportable events as defined in Item 304(a)(1)(v) of Regulation S-K.

                During the fiscal years ended April 30, 2003 and 2002, and through July 23, 2003, the Company did not consult Deloitte & Touche with respect to 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 Consolidated Financial Statements, or any other matters or reportable events as set forth Items 304(a)(2)(i) and (ii) of Regulation S-K.

Item 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

(c)           Exhibits.

                The following exhibit is filed a part of this Current Report on Form 8-K.

Item No.
Description
16.1 Letter from Brady, Martz & Associates, P.C. to the Securities and Exchange Commission dated July 23, 2003.

 

                                       

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 duly authorized.

Dated:  July 23, 2003

INVESTORS REAL ESTATE TRUST

By         /S/ Thomas A. Wentz, Jr.____________
             Thomas A. Wentz, Jr.
             Senior Vice President & General Counsel

   Exhibit Index

Item No.
Description
16.1 Letter from Brady, Martz & Associates, P.C. to the Securities and Exchange Commission dated July 23, 2003.

EX-16 3 bmex161.htm LETTER FROM BRADY, MARTZ & ASSOCIATES, P.C. TO SEC Untitled Document

Exhibit 16.1

 

July 23, 2003

 

Office of the Chief Accountant
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C.  20549

Dear Sir or Madam,

We have read paragraphs 1-4 of Item 4 included in the Current Report on Form 8-K of Investors Real Estate Trust, dated July 23, 2003, to be filed with the Securities and Exchange Commission and are in agreement with the statements contained therein.

Very truly yours,

 

/s/  Brady Martz    ___________________ 
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