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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): July 7, 1998
POWERCERV CORPORATION
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(Exact Name of Registrant as Specified in its Charter)
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Florida 0-27574 59-3350778
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(State or Other Jurisdiction) (Commission File Number) (IRS Employer Identification No.)
400 North Ashley Drive, Suite 2700, Tampa, FL 33602
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(Address of Principal Executive Offices) (Zip Code)
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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 THROUGH 9 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. The Company's
change of accountants was approved by the Company's board of directors at its
meeting held on June 2, 1998.
KPMG's report on financial statements of the Company for the past two years
contained no adverse opinion, disclaimer of opinion, or was qualified or
modified as to uncertain, audit scope, or accounting principles.
During the past two fiscal years and the subsequent interim period
preceding the notice, there were no disagreements between the Company and KPMG
on any matters of accounting principles or practices, financial statement
disclosure or auditing scope or procedure which, if not resolved to the
satisfaction of KPMG, would have caused KPMG to make a reference to the subject
matter thereof in connection with its report.
During the past two fiscal years and the subsequent interim period
preceding the engagement by the Company of Ernst & Young LLP as its independent
accountant, 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.
The Company has provided KPMG a copy of the disclosures it is making in
this report and has requested KPMG to furnish the Company with a letter
addressed to the Securities and Exchange Commission (the "Commission") stating
whether it agrees with the statements made by the Company in such report and,
if not, stating the respects in which it does not agree. KPMG's letter is not
yet available to the Company. Accordingly, the Company has requested KPMG to
provide the letter as promptly as possible so that the Company can file the
letter with the Commission within 10 business days after the filing of this
report.
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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 14, 1998
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