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 Report: April 30, 1997
THE ASHTON TECHNOLOGY GROUP, INC.
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(Exact name of registrant as specified in its charter)
Delaware 333-1182 22-6650372
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(State or other jurisdiction of (Commission File (IRS Employer
incorporation) Number) Identification Number)
1900 Market Street, Suite 701, Philadelphia, Pennsylvania 19103
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (215) 751-1900
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Item 4. Changes in Registrant's Certifying Accountant
On April 30, 1997, Goldstein Golub Kessler & Company, P.C. ("GGK") was
engaged as principal accountant to audit the financial statements of The Ashton
Technology Group, Inc. (the "Company") and its subsidiaries. GGK was the
Company's auditor for its initial public offering.
On April 30, 1997, Arthur Andersen LLP ("Andersen") was dismissed as the
principal accountant engaged in auditing the financial statements of the
Company. Andersen's report on the financial statements of the Company for the
1996 fiscal year (which was the only year for which Andersen acted as the
Company's principal accountant) did not contain an adverse opinion or a
disclaimer of opinion and was not modified as to uncertainty, audit scope or
accounting principles. The decision to change accountants was approved by the
Company's Board of Directors. There were no disagreements with Andersen on any
matter of accounting principles or practices, financial statement disclosure, or
auditing scope or procedure, which, if not resolved to the satisfaction of
Andersen, would have caused it to make reference to the subject matter of the
disagreement(s) in connection with its report.
Item 7. Financial Statements and Exhibits
(c) Exhibits.
None.
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Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned herewith duly authorized.
Date: May 6, 1997 The Ashton Technology Group, Inc.
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(Registrant)
By: /s/ Robert A. Eprile
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Robert A. Eprile
Chairman of the Board
