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): March 12, 1997
Lexington Global Asset Managers, Inc.
(Exact name of Registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation or organization)
0-26868 22-3395036
(Commission File No.) (I.R.S. Employer
Identification No.)
PARK 80 WEST PLAZA TWO
SADDLE BROOK, NJ 07663
(Address of principal executive offices) (Zip code)
(201) 845-7300
(Registrant's telephone number including area code)
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Item 4. Changes in Registrant's Certifying Accountant
(a) 1. Lexington Global Asset Managers, Inc. (the "Company") terminated its
audit relationship with its former principal accountant, Coopers & Lybrand
L.L.P. ("C & L"), on March 6, 1997. On that same day, KPMG Peat Marwick L.L.P.
was engaged as principal accountant for the Company.
2. C & L's report on the financial statements for the past two years did
not contain an adverse opinion or disclaimer of opinion, and was not qualified
or modified as to uncertainty, audit scope, or accounting principles.
3. The decision to change principal accountants was recommended by the
Audit Committee and approved by the Board of Directors of the Company.
4. During the Company's two most recent fiscal years and any subsequent
interim period preceding such termination, there were no disagreements with the
former accountant 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 the former accountant, would have caused it
to make reference to the subject matter of the disagreement(s) in connection
with its report.
5. There were no reportable events of the type described in Item 304 (a)
(1) (v) (A) through (D) of Regulation S-K. [text for 304(a)(2)]
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits:
EXHIBIT No 16 Letter re 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, thereunto duly authorized.
Lexington Global Asset Managers, Inc.
March 12, 1997 By: /s/Richard M. Hisey
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Date Richard M. Hisey, Executive Vice President,
Chief Financial Officer and Treasurer
Coopers & Lybrand L.L.P.
1301 Avenue of the Americas
New York, New York 10019-6013
March 11, 1997
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington D.C. 20549
Gentlemen:
We have read the statements made by Lexington Global Asset Managers, Inc. (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 for the month of
March, 1997. We agree with the statements concerning our Firm in such Form 8-K.
Very truly yours,
/s/Coopers & Lybrand L.L.P
Coopers & Lybrand L.L.P.
