SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
Date of earliest event reported: May 21, 1997
MOSSIMO, INC.
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(Exact name of registrant as specified in it charter)
Delaware 1-14208 33-0684524
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(State of incorporation) (Commission (I.R.S. Employer
File Number) Identification Number)
15320 Barranca Parkway, Irvine, California 92618
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(Address of principal executive offices)
Registrant's telephone number, including area code: (714) 453-1300
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Exhibit Index at Page 4
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Item 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
Effective May 29, 1997, Anthony C. Cherbak ("Cherbak"), Executive
Vice President and Chief Financial Officer of Registrant, will
resign as an officer of Registrant, for personal and family
reasons, and rejoin his former employer, Deloitte & Touche, LLP
("Deloitte & Touche"). As a result of Cherbak rejoining Deloitte &
Touche, the accounting firm will not be independent of Registrant
pursuant to Rule 101-1 of the American Institute of Certified
Public Accountants Professional Standards and has resigned as
Registrant's principal accountant effective May 21, 1997. Under an
arrangement between Registrant and Deloitte & Touche, Cherbak will
remain involved with Registrant on a consulting basis.
Deloitte & Touche's report on the financial statements for the past
two years did not contain an adverse opinion or a disclaimer of
opinion and was not qualified as to uncertainty, audit scope, or
accounting principles. During Registrant's two most recent fiscal
years and any subsequent interim period, there were no
disagreements between Registrant and Deloitte & Touche on any
matter of accounting principles or practices, financial statement
disclosure, or auditing scope or procedures, which disagreements,
if not resolved to the satisfaction of Deloitte & Touche, would
have caused it to make a reference to the subject matter of the
disagreements in connection with its reports.
Item 5. OTHER EVENTS
John D. Bower, who joined Registrant in January 1997 as Controller,
has been promoted to Vice President of Finance and Treasurer
effective May 29, 1997. Bower, 36, has 15 years of experience in
corporate finance and accounting. Previously, he served as director
of corporate finance for FHP International Corporation where, in
addition to his day-to-day duties of overseeing all SEC reporting,
senior management financial reporting and corporate accounting, he
was involved in a number of special projects, including FHP's $2
billion acquisition of TakeCare, Inc. and the analysis of
operations during the company's ensuing restructuring. Prior to
FHP, Bower was a senior manager at Deloitte & Touche, where his
accounts included Chicks Sporting Goods, Knotts Berry Farm,
Hughes Aircraft Company and FHP.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
The following exhibit is filed as part of this report:
(c) EXHIBITS.
16. Letter re Change in Certifying Accountant.
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Pursuant to the requirements of the Securities Exchange Act of 1934, Registrant
has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
MOSSIMO, INC.
Date: May 23, 1997 By: /s/ Mossimo Giannulli
_______________________________
Mossimo Giannulli
Chief Executive Officer
and President
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Exhibit Index
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No. Exhibit Page
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16 Letter re Change in Certifying Accountant dated 5
May 23, 1997 by Deloitte & Touche, LLP.
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DELOITTE & TOUCHE, LLP
695 Town Center Drive, Suite 1200
Costa Mesa, California 92626
Telephone: (714) 436-7100
Facsimile: (714) 436-7200
May 23, 1997
Securities and Exchange Commission
Mail Stop 9-5
450 5th Street, N.W.
Washington, D.C. 20549
Ladies and Gentlemen:
We have read and agree with the comments in Item 4 of Form 8-K of
Mossimo, Inc., dated May 21, 1997.
Yours truly,
/s/ Deloitte & Touche, LLP
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