<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): March 26, 1998
CARIBBEAN CIGAR COMPANY
(Exact name of Registrant as specified in its Charter)
Florida 0-21081 65-0613303
(State or other juris- (Commission (IRS Employer
diction of incorporation) File no.) Identification No.)
8305 NW 27th Street, Suite 111, Miami, Florida 33122
(Address of Principal Executive Office)
Registrant's telephone number, including area code: (305) 267-3911
<PAGE> 2
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
On March 26, 1998, the Audit Committee of the Board of Directors of the
Registrant appointed Ahearn, Jasco + Company, P.A. ("AJC") as independent
auditors of Registrant for the fiscal year ended March 31, 1998. See the Current
Report of Registrant on Form 8-K for November 26, 1997, which reported that
Grant Thornton LLP ("GT") informed the Registrant that it would not stand for
re-election as the Registrant's firm of independent certified public
accountants.
GT's letter dated June 6, 1997 (Re: Reportable Conditions and Other
Advisory Comments) noted certain internal control and structure matters that the
former accountant considered reportable conditions under standards established
by the American Institute of Certified Public Accountants.
While no disagreement arose under the former accountant's letters, the
Registrant has made available to the new independent accountants the former
accountant's internal control letter, and has authorized and directed the former
accountants to respond fully to the inquiries of the successor accountant
concerning its internal control letter and freely share all relevant information
arising from the prior audits.
The Registrant has provided GT with a copy of this disclosure under Item
304(a)(3).
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.
CARIBBEAN CIGAR COMPANY
/s/ Edward C. Williams
---------------------------
Edward C. Williams
Chief Financial Officer
Date: April 2, 1998
