-----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, F13uI56nepdQuuVxYPW7V/6s/qvvfEJjuBSvzE17hPru9DwN5N7GlJQZYRiGYGU8 cMsP6JsDlYMbCuODeWoBNw== 0000922907-05-000596.txt : 20051017 0000922907-05-000596.hdr.sgml : 20051017 20051017170702 ACCESSION NUMBER: 0000922907-05-000596 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20051012 ITEM INFORMATION: Changes in Registrant.s Certifying Accountant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20051017 DATE AS OF CHANGE: 20051017 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ELECSYS CORP CENTRAL INDEX KEY: 0000914398 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS, NEC [3679] IRS NUMBER: 481099142 STATE OF INCORPORATION: KS FISCAL YEAR END: 430 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15057 FILM NUMBER: 051141375 BUSINESS ADDRESS: STREET 1: 15301 W. 109TH STREET CITY: LENEXA STATE: KS ZIP: 66219 BUSINESS PHONE: 9136470158 MAIL ADDRESS: STREET 1: 15301 W. 109TH STREET CITY: LENEXA STATE: KS ZIP: 66219 FORMER COMPANY: FORMER CONFORMED NAME: AIRPORT SYSTEMS INTERNATIONAL INC DATE OF NAME CHANGE: 19931103 8-K 1 form8k_101705.htm FORM 8-K Form 8-K for Elecsys Corporation


                                  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)  October 17, 2005
                                                 (October 12, 2005)
                                                --------------------------------

                               ELECSYS CORPORATION
- --------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


           KANSAS                        0-22760                 48-1099142
- --------------------------------------------------------------------------------
(State or other jurisdiction           (Commission              (IRS Employer
      of incorporation)                File Number)          Identification No.)


         15301 W. 109th Street  Lenexa, Kansas                       66219
- --------------------------------------------------------------------------------
       (Address of principal executive offices)                   (Zip Code)



Registrant's telephone number, including area code         (913) 647-0158
                                                   -----------------------------



                                 Not Applicable
- --------------------------------------------------------------------------------
          (Former name or former address, if changed since last report)





Item 4.01 Changes in Registrant's Certifying Accountant.

     On October 12, 2005,  Elecsys  Corporation  (the "Company")  notified Mayer
Hoffman McCann P.C. ("Mayer Hoffman  McCann") that the Board of Directors,  upon
the  recommendation of the Company's Audit Committee,  approved a resolution (i)
replacing Mayer Hoffman McCann, who were dismissed as the Company's  independent
auditors  effective October 12, 2005, and (ii) engaging  McGladrey & Pullen, LLP
("McGladrey  & Pullen") as the  Company's  independent  auditors for purposes of
auditing the Company's financial statements for the fiscal year ending April 30,
2006.

     The audit report of Mayer Hoffman McCann on the financial statements of the
Company  for the fiscal  year ended  April 30,  2005 did not  contain an adverse
opinion or a  disclaimer  of opinion,  and was not  qualified  or modified as to
uncertainty, audit scope or accounting principles.

     In connection with its audit for the most recent fiscal year and subsequent
interim period,  there have been no  disagreements  with Mayer Hoffman McCann on
any matter of accounting principle or practice,  financial statement disclosure,
or auditing  scope or  procedure,  which  disagreements  if not  resolved to the
satisfaction of Mayer Hoffman McCann would have caused them to make reference to
them in their report on the financial statements for that year.

     The  Company  did  not  consult  with  McGladrey  &  Pullen  regarding  the
application  of accounting  principles to a specific  transaction or the type of
audit opinion that might be rendered on the financial statements of the Company,
and no written or oral  advice was  provided  by  McGladrey  & Pullen that was a
factor  considered  by the Company in  reaching a decision as to an  accounting,
auditing or financial reporting issue prior to October 12, 2005.

     The Company has provided  Mayer Hoffman McCann with a copy of this Form 8-K
and  requested  that Mayer  Hoffman  McCann  furnish the Company  with a letter,
addressed to the Securities and Exchange  Commission,  stating whether or not it
agrees with the above  statements and, if not,  stating the respects in which it
does not agree.  A copy of such letter is filed Under Item 9.01 of this Form 8-K
as Exhibit 16.1.

     A copy of the press release issued by the Company  announcing the change in
the Company's auditor is filed Under Item 9.01 of this Form 8-K as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

     (c)  EXHIBITS. The following exhibits are filed herewith:

     16.1    Letter from Mayer Hoffman McCann P.C. dated October 17, 2005.

     99.1    Press Release dated October 17, 2005.





                                    SIGNATURE

     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.

     Date: October 17, 2005
                                       ELECSYS CORPORATION


                                       By: /s/ Todd A. Daniels
                                          --------------------------------------
                                           Todd A. Daniels
                                           Vice President and Chief Financial
                                           Officer





                                  EXHIBIT INDEX



Exhibit Number                              Description
- --------------      ------------------------------------------------------------
    16.1            Letter from Mayer Hoffman McCann P.C. dated October 17, 2005

    99.1            Press release dated October 17, 2005


EX-16 2 form8kexh161_101705.htm EXHIBIT 16.1 TO FORM 8-K Exhibit 16.1 to Form 8-K


Mayer Hoffman McCann P.C.
An Independent CPA Firm

114400 Tomahawk Creek Parkway
Leawood, Kansas 66211
913-234-1900 ph
913-234-1100 fx
www.mhm-pc.com


October 17, 2005




Securities and Exchange Commission
450 Fifth Street N.W.
Washington D.C.




To Whom It May Concern:


We have read item 4.01 of the Current Report on Form 8-K for Elecsys Corporation
dated as of the date hereof, and are in agreement with the statements relating
to Mayer Hoffman McCann, P.C. contained therein. We have no basis to agree or
disagree with the other statements of the registrant contained therein.



Sincerely,




/s/ Mayer Hoffman McCann, P.C.
- --------------------------------------
Mayer Hoffman McCann, P.C.



Copy to Elecsys Corporation

EX-99 3 form8kexh991_101705.htm EXHIBIT 99.1 Exhibit 99.1
                                                                    Exhibit 99.1
                                  NEWS RELEASE
- --------------------------------------------------------------------------------
15301 w. 109TH Street, Lenexa, KS  66219  Phone: 913-647-0158 Fax:  913-647-0132
investorrelations@elecsyscorp.com

FOR IMMEDIATE RELEASE:

Contact: Karl B. Gemperli
         (913) 647-0158, Phone
         (913) 647-0132, Fax
         investorrelations@elecsyscorp.com

ELECSYS CORPORATION ANNOUNCES SELECTION OF NEW AUDITORS

     Lenexa,  Kansas (October 17, 2005) - Elecsys Corporation (AMEX: ASY), today
announced  that the  Company's  Board of  Directors  has  appointed  McGladrey &
Pullen, LLP as the Company's new independent public accountants. The appointment
is for the fiscal year ending April 30, 2006, and is effective immediately.  The
Company does not anticipate  that the change in auditors will have any impact on
the filing of the Company's financial statements.

Elecsys  Corporation is a publicly  traded holding company with two wholly owned
subsidiaries,  DCI, Inc. and NTG, Inc. DCI designs, manufactures, and integrates
custom electronic  interface  solutions for original equipment  manufacturers in
the  medical,   aerospace,   communications,   industrial  product,   and  other
industries.   DCI  has  specialized   capabilities  to  design  and  efficiently
manufacture custom electronic  assemblies which integrate a variety of interface
technologies,  such as custom liquid  crystal  displays,  light  emitting  diode
displays, and keypads, with circuit boards and other electronic components.  NTG
designs,  markets,  and provides remote monitoring solutions for the gas and oil
pipeline  industry  as well as  other  industries  requiring  remote  monitoring
solutions. For more information, visit our website at www.elecsyscorp.com.

Safe-Harbor  statement:  The  discussions  set forth in this press  release  may
contain  forward-looking  comments based on current  expectations that involve a
number of risks and  uncertainties.  Actual results could differ materially from
those  projected or suggested in the  forward-looking  comments.  The difference
could be  caused by a number  of  factors,  including,  but not  limited  to the
factors and conditions that are described in Elecsys  Corporation's SEC filings,
including  the Form  10-KSB for the year  ended  April 30,  2005.  The reader is
cautioned  that  Elecsys  Corporation  does  not have a policy  of  updating  or
revising  forward-looking  statements  and thus he or she should not assume that
silence by management of Elecsys  Corporation over time means that actual events
are bearing out as estimated in such forward-looking statements.


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-----END PRIVACY-ENHANCED MESSAGE-----