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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): July 7, 1998
POWERCERV CORPORATION
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(Exact Name of Registrant as Specified in its Charter)
Florida 0-27574 59-3350778
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(State or Other (Commission File (IRS Employer Identification
Jurisdiction) Number) No.)
400 North Ashley Drive, Suite 2700, Tampa, FL 33602
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (813) 226-2600
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N/A
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(Former Name or Former Address, if Changed Since Last Report)
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ITEMS 1 THROUGH 3 AND 5, 6, 8 AND 9 ARE NOT APPLICABLE
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
Effective July 14, 1998 the registrant, PowerCerv Corporation (the
"Company"), appointed Ernst & Young LLP as its independent accountant for the
remainder of 1998. On July 7, 1998, the Company notified KPMG Peat Marwick LLP
("KPMG") that the Company's relationship with KPMG was terminated. On July 14,
1998 the Company filed a Form 8-K relating to such events and provided KPMG a
copy thereof. Attached as Exhibit 16 hereto is the response of KPMG to the
disclosures made by the Company in such Form 8-K.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
A. Exhibits:
Exhibit 16. Letter re change in certified accountants.
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 hereunto duly authorized.
POWERCERV CORPORATION
(Registrant)
By:/s/ Stephen M. Wagman
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Stephen M. Wagman, Chief Financial Officer, Senior
Vice President and Secretary
Date: July 17, 1998
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EXHIBIT 16
[LOGO] Peat Marwick LLP
100 North Tampa Street, Suite 2400
Tampa, FL 33602
July 16, 1998
Securities and Exchange Commission
Washington, D.C. 20549
Ladies and Gentlemen:
We were previously principal accountants for PowerCerv Corporation and, under
date of January 26, 1998, except with respect to notes 9(c) and 10(c) which
were as of February 25, 1998, we reported on the consolidated financial
statements of PowerCerv Corporation and subsidiary as of December 31, 1997 and
1996 and for each of the years in the three year period ended December 31,
1997. Our report contained a paragraph which indicated that "as discussed in
note 2 to the consolidated financial statements, the Company changed its method
of accounting for income taxes in 1995."
On July 7, 1998, our appointment as principal accountants was terminated. We
have read PowerCerv Corporation's statements included under Item 4 of its Form
8-K dated July 14, 1998, and we agree with such statements, except that:
1. Our report dated January 26, 1998, except with respect to notes 9(c)
and 10(c) which were as of February 25, 1998, was modified, as to
accounting principle, to indicate that "as discussed in note 2 to the
consolidated financial statements, the Company changed its method of
accounting for income taxes in 1995."
2. We are not in a position to agree or disagree with PowerCerv
Corporation's statements that:
a. Effective July 14, 1998 the registrant, PowerCerv Corporation
(the "Company"), appointed Ernst & Young LLP as its
independent accountant for the remainder of 1998;
b. The Company's change of accountants was approved by the
Company's board of directors at its meeting held on June 2,
1998;
c. During the past two fiscal years and the subsequent interim
period preceding the engagement by the Company of Ernst &
Young LLP as its independent accountants, the Company did not
consult Ernst & Young LLP regarding any matters of the type
set forth in item 304(a)(2) of Regulation S-K.
Very truly yours,
/s/ KPMG Peat Marwick LLP
