SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 8-K/A-1
Amendment No. 1
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 30, 1998
Netsmart Technologies, Inc.
(Exact name of Registrant as Specified in its Charter)
Delaware 0-21177 13-3680154
(State or other jurisdiction (Commission (IRS Employer
of incorporation File No.) Identification No.)
146 Nassau Avenue, Islip, NY 11751
(Address of Principal Executive Office)
Registrant's telephone number, including area code: (516) 968-2000
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Item 4. Changes in Registrant's Certifying Accountants
On June 30, 1998, the Board of Directors selected Richard A. Eisner &
Company, LLP to serve as the Company's independent public accountant for the
year ending December 31, 1998. The selection of such firm will be presented to
stockholders for their approval at the 1998 Annual Meeting of Stockholders. In
the event stockholder approval of the selection of such firm is not obtained,
the selection of the independent auditors will be reconsidered by the Board of
Directors.
Prior to June 1994, when the Company, through an affiliate, acquired the
assets of Creative Socio- Medics Corp. ("CSM"), Richard A. Eisner & Company, was
the independent public accountant for CSM. Since June 1994, except for
incidental services relating to CSM's financial statements for periods prior to
June 1994, Richard A. Eisner & Company, LLP did not perform any services for the
Company or CSM. At no time since its engagement has Richard A. Eisner & Company,
LLP had any direct or indirect financial interest in or any connection with the
Company or any of its subsidiaries other than as independent accountant.
The Company's financial statements for the years ended December 31, 1997
and 1996 were audited by Moore Stephens, P.C., whose report on such financial
statements did not include any qualification, disclaimer, modification or
explanatory paragraph. There were no disagreements with Moore Stephens, P.C.
during the years ended December 31, 1997 or 1996 or during the period subsequent
to December 31, 1997 on any matter of accounting principles or practices,
financial statement disclosure or auditing scope or procedure. The decision to
dismiss Moore Stephens, P.C. and engage Richard A. Eisner & Company, LLP was
made by the Board of Directors on June 30, 1998.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
16.1 Letter from Moore Stephens, P.C.
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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.
NETSMART TECHNOLOGIES, INC.
s/ James L. Conway
Date: July 28, 1998 James L. Conway
President
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July 28, 1998
Securities and Exchange Commission
Mail Stop 9-5
450 5th Street, N.W.
Washington, DC 20549
RE: Commission File No. 0-21177
Ladies and Gentlemen:
We have read and agree with the comments in Item 4 of Form 8-K/A (Amendment #1)
of Netsmart Technologies, Inc., dated June 30, 1998.
Very truly yours,
/s/ Moore Stephens, P.C.
Moore Stephens, P.C.
/rs
