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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)
October 4, 1996
Applied Graphics Technologies, Inc.
(EXACT NAME OF REGISTRATION AS SPECIFIED IN ITS CHARTER)
Delaware 0-28208 13-3864004
(STATE OR OTHER JURISDICTION (COMMISSION (IRS EMPLOYER
OF INCORPORATION) FILE NUMBER) IDENTIFICATION NO.)
28 West 23rd Street, New York, NY 10010
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (212) 929-4111
Not applicable
(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT.)
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Item 4. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT
In April of 1996, Applied Graphics Technologies, Inc. ("AGT" or
"the Company") became a publicly held entity in a transaction
where AGT, as a newly formed entity, consisting of the assets,
liabilities and operations of the prepress business carved out of
AGT's parent, Applied Printing Technologies LP ("APT"), sold
approximately 35% of its common stock in an initial public
offering.
Coopers & Lybrand LLP has been the independent accountant for AGT
and has previously reported on the financial statements of the
Company in connection with the carve-out and for the year ended
December 31, 1995. The reports of Coopers & Lybrand LLP on the
Company's financial statements for the past two fiscal years did
not contain an adverse opinion or a disclaimer of opinion and
were not qualified or modified as to uncertainly, audit scope or
accounting principle.
As a newly public company, AGT has been reviewing its
relationships with its professional service providers and others
to determine the appropriateness of continuing existing, or
establishing new relationships for the Company.
On September 27, 1996, the Audit Committee approved, effective as
of October 1, 1996, the selection of Deloitte & Touche LLP
("newly engaged accountants") as independent accountants for the
Company for the year ending December 31, 1996. Such selection
replaces Coopers & Lybrand LLP ("former accountants"). Coopers &
Lybrand LLP continue to serve as independent accountants for APT.
The Company has had no disagreements with the former accountants
during the two most recent fiscal years or the subsequent interim
periods to September 27, 1996, on any matter of accounting
principle, financial statement disclosure, or auditing scope or
procedure.
The Company has requested Coopers & Lybrand LLP to furnish it a
letter addressed to the Commission stating whether it agrees with
the above statements. A copy of that letter is filed as Exhibit
16 to this Form 8-K.
SIGNATURE
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.
October 4, 1996
/s/ Louis Salamone, Jr.
Louis Salamone, Jr.
Senior Vice President and
Chief Financial Officer
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Exhibit 16
October 4, 1996
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Gentlemen:
We have read the statements made by Applied Graphics
Technologies, 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 October,
1996. We agree with the statement concerning our Firm in such
Form 8-K.
Very truly yours,
/s/ Coopers & Lybrand L.L.P.
Coopers & Lybrand L.L.P.
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