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FORM 8-K
Securities and Exchange Commission
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) 11/21/96
ON-SITE SOURCING, INC.
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(Exact Name of Registrant as specified in its Charter)
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<S> <C> <C>
DELAWARE 0-20947 54-1648470
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(State or other (Commission File (IRS Employer
Jurisdiction of Number) Identification
Incorporation) Number)
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1111 N. 19TH STREET, 6TH FLOOR ARLINGTON, VA 22209
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(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, including area code: 703-276-1123
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
(a) The independent auditor for On-Site Sourcing, Inc. (the "Company"),
Grant Thornton, LLP ("Grant Thornton") was dismissed on November 21, 1996.
Grant Thornton's reports on the financial statements for the past two years did
not contain an adverse opinion or disclaimer of opinion, and were not modified
as to uncertainty, audit scope, or accounting principles. At this time,
management is not aware of any disagreements with Grant Thornton on any matter
of accounting principles or practices, financial statement disclosure, or
auditing scope or procedure, which, if not resolved to Grant Thornton's
satisfaction, would have caused Grant Thornton to make reference to the subject
matter of the disagreement in connection with its report. Grant Thornton
communicated certain internal control matters to the Company which meet the
definition of reportable events. For the fiscal year ended December 31, 1995,
such reportable events involved recommendations that the Company develop and
maintain stricter internal control policies for the following areas: accounts
receivable, purchases and disbursements, cash receipts, fixed asset
capitalization, inventory, payroll and computer processing. The Company has
implemented systems of internal control which the Company feels address the
issues raised by Grant Thornton.
The Company has requested that Grant Thornton furnish the Company with a
letter addressed to the SEC stating whether or not Grant Thornton agrees with
the above statements. A copy of such letter shall be filed as an amendment to
this Current Report on Form 8-K.
The Company's Board of Directors and Audit Committee have determined that
it is in the Company's best interests to engage a new independent auditor.
(b) The Company is in the process of selecting other accountants who
are competent to handle the Company's changing needs and who
have expertise in the accounting issues affecting the Company.
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.
Date: November 29, 1996 ON-SITE SOURCING, INC.
By: /S/ JOHN S. STOPPELMAN
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John S. Stoppelman--Chairman
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