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UNITED STATES
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): June 20, 2000
AVTEAM, INC.
(Exact name of registrant as specified in its charter)
Florida 0-20889 65-0313187
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation or File Number) Identification No.)
organization)
3230 Executive Way
Miramar, Florida 33025
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(Address, including zip code, of principal executive office)
(954) 431-2359
Registrant's telephone number, including area code
NOT APPLICABLE
(Former name, former address and fiscal year, if changed since last report)
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
On June 20, 2000, Ernst & Young, LLP ("Ernst & Young") informed AVTEAM, Inc., a
Florida corporation (the "Company") that Ernst & Young resigned as the Company's
principal independent public accountant.
The reports of Ernst & Young on the Company's financial statements for each of
the two years in the period ended December 31, 1999 did not contain an adverse
opinion or a disclaimer of opinion and were not qualified or modified as to
uncertainty, audit scope, or accounting principles.
In connection with the audits of the Company's financial statements for each of
the two fiscal years ended December 31, 1999, and in the interim period through
the date this Report, there have been no disagreements with Ernst & Young on any
matters of accounting principles or practices, financial statement disclosure,
or auditing scope and procedures which, if not resolved to the satisfaction of
Ernst & Young would have caused Ernst & Young to make reference to the matter in
their report on the Company's financial statements.
During the Company's two most recent fiscal years and through the date of this
Report, the Company had no reportable events (as defined in Item 304(a)(1)(v) of
Regulation S-K).
The Company requested Ernst & Young to furnish it a letter addressed to the
Commission stating whether it agrees with the above statements. A copy of that
letter, dated June 23, 2000 is filed as Exhibit 16 to this Form 8-K.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
C) Exhibits
(16) Letter re change in certifying accountant.
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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.
AVTEAM, INC.
Date: June 26, 2000 By: /s/ Donald A. Graw
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Donald A. Graw
President and Chief Executive Officer
EXHIBIT INDEX
Exhibit Description
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16 Letter re changing certifying accountant
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