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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) October 22, 1997
AMERICAN CRAFT BREWING INTERNATIONAL LIMITED
(Exact Name of Registrant as Specified in Its Charter)
1-12119
(Commission File Number)
Bermuda 72-1323940
(State of other jurisdiction of incorporation) (I.R.S. Employer
Identification Number)
One Galleria Boulevard, Suite 1714, Metairie, Louisiana 70001
(Address, including zip code, of Principal Executive Offices)
(504) 849-2739
(Registrant's telephone number, including area code)
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Item 4. Changes in Registrant's Certifying Accountant.
On October 31, 1997, American Craft Brewing International Limited (the
"Company") and Arthur Andersen LLP ("Arthur Andersen"), named Coopers & Lybrand
LLP ("Coopers & Lybrand") as their new independent accountants replacing Arthur
Andersen LLP ("Arthur Andersen") as the Company's independent accountants. The
Company's Audit Committee recommended and approved the engagement of Coopers &
Lybrand.
Arthur Andersen was the independent accountant for the Company's two most recent
fiscal years. Arthur Andersen's report on the Company's financial statements
for the two most recent fiscal years did not contain an adverse opinion or a
disclaimer of opinion and was not qualified or modified as to uncertainty, audit
scope or accounting principles. There were no disagreements with the former
accountants on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure, which disagreements, if
not resolved to the satisfaction of the former accountants would have caused the
former accountants to make reference to the subject matter of the disagreement
in connection with its reports. No "reportable event" as defined in Rule
304(a)(1)(v) of Regulation S-K occurred within the Company's two most recent
fiscal years and any subsequent interim period through the date of this Report
on Form 8-K. The Company has authorized the former accountant to respond fully
to the inquiries of the successor accountant.
The Company provided to the former accountant a copy of this Report on Form
8-K in the form in which it has been filed with the Commission. The former
accountant has furnished the Company with a letter addressed to the Commission,
which is filed as an Exhibit to this Report, indicating that it agrees with the
statements made in this Report.
Item 5. Other Events.
On October 22, 1997, the Company entered into a Contract Brewing and
Packing Agreement (the "Agreement") with Anheuser-Busch Incorporated ("Anheuser-
Busch") pursuant to which Cerveceria Rio Bravo, S.A. de C.V., a subsidiary of
the Company, will produce and package a private label beer for Anheuser-Busch.
The Agreement has a term of eight months and is subject to earlier termination
upon the occurrence of events specified in the Agreement. The Company completed
is first shipment of the private label beer on October 23, 1997.
Item 7. Financial Statements and Exhibits.
(a) Financial Statements of Business Acquired.
Not Applicable
(b) Pro Forma Financial Information.
Not Applicable
(c) Exhibits.
The following exhibits are filed herewith:
16. Letter from Arthur Andersen LLP addressed to the Commission.
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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 hereunder duly authorized.
AMERICAN CRAFT BREWING
INTERNATIONAL LIMITED
Date: November 5, 1997 By: /s/ James L. Ake
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James L. Ake
Executive Vice President
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EXHIBIT INDEX
16. Letter from Arthur Andersen LLP addressed to the Commission.
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EXHIBIT 16
ARTHUR ANDERSEN
October 31, 1997
Securities & Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Dear Sirs:
We have read and agree with the comments in Item 4 of the Form 8-K of American
Craft Brewing International Limited (Commission File Number 1-12119) dated
October 22, 1997.
Very truly yours,
ARTHUR ANDERSEN LLP
