8-K 1 0001.txt CURRENT REPORT 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 AND EXCHANGE ACT OF 1934 Date of Earliest Event Reported: July 6, 2000 LAHAINA ACQUISITIONS, INC. (Exact Name of Registrant as specified in its Charter) Commission File No. 0-27480 Colorado 84-1325695 -------------------------------------------------------------------------------- (State or other jurisdiction (I.R.S Employer of incorporation or organization) Identification No.) 5895 Windward Parkway, Suite 220 Alpharetta, Georgia 30005 -------------------------------------------------------------------------------- (Address of Principal Executive Offices, including Zip Code) (770) 754-6140 -------------------------------------------------------------------------------- (Registrant's telephone number, including area code) Not Applicable -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) Copies to: Robert E. Altenbach, Esq. Kutak Rock LLP Suite 2100 235 Peachtree Street, N.E. Atlanta, Georgia 30303 (404) 222-4600 ================================================================================ LAHAINA ACQUISITIONS, INC. FORM 8-K Item 4. Changes in Registrant's Certifying Accountant In a letter dated July 6, 2000, Deloitte & Touche LLP ("Deloitte") who had served as principal accountant to audit the financial statements of the Registrant, confirmed that the client-auditor relationship between Deloitte and Registrant had ceased. Following such notification, the Board of Directors of the Registrant approved the engagement of BDO Seidman, LLP ("BDO") as the Registrant's principal accountant and replacement for Deloitte. The Board approved the engagement of BDO because it had the resources needed to serve the Registrant as its business grows. Deloitte was engaged as Registrant's principal accountant in September of 1999. Deloitte's report on the Registrant's financial statements since its appointment did not contain an adverse opinion or a disclaimer of opinion, nor was it qualified or modified as to uncertainty, audit scope, or accounting principles. During the period in which Deloitte served as principal accountant, there were no disagreements with Deloitte on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreement(s), if not resolved to the satisfaction of Deloitte, would have caused it to make a reference to the subject matter of the disagreement(s) in connection with its report. Deloitte did not advise the Registrant at any time it served as principal accountant: (a) that the internal controls necessary for the Registrant to develop reliable financial statements did not exist; (b) that information had come to its attention that had led it to no longer be able to rely on management's representations, or that had made it unwilling to be associated with the financial statements prepared by management; (c) of the need to expand significantly the scope of its audit, or that information had come to its attention during the period it served as principal accountant that if further investigated might (i) materially have impacted the fairness or reliability of either: a previously issued audit report or the underlying financial statements, or the financial statements issued or to be issued covering the fiscal period(s) subsequent to the date of the most recent financial statements covered by an audit report or (ii) have caused it to be unwilling to rely on management's representations or be associated with the Registrant's financial statements; or (d) that information had come to its attention that it had concluded materially impacts the fairness or reliability of either (i) a previously issued audit report or the underlying financial statements issued or to be issued covering the fiscal period(s) subsequent to the date of the most recent financial statements covered by an audit report. Deloitte was authorized by the Registrant to respond fully to inquiries of BDO. Neither the Registrant nor anyone on its behalf consulted with BDO regarding either: (a) 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 Registrant's financial statements, and neither a written report nor oral advice was provided to the Registrant that BDO concluded was an important factor considered by the Registrant in reaching a decision as to an accounting, auditing or financial reporting issue; or (b) any matter that was the subject of either a disagreement or any other event described above. ITEM 7. EXHIBIT INDEX 16.1 Letter from Deloitte & Touche LLP regarding Change in Certifying Accountant (Remainder of page intentionally left blank.) SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Lahaina Acquisitions, Inc (REGISTRANT) Dated: July 13, 2000 /s/ L. Scott Demerau -------------------- ------------------------------- L. Scott Demerau, President and Chief Executive Officer