U. S. Securities and Exchange Commission
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Date of Report ( Date of earliest event reported) October 25, 1999
0-23545
Commission File Number
JRECK Subs Group, Inc.
(Exact name of small business issuer as specified in its charter)
Colorado 84-1317674
(State or other jurisdiction of (IRS Employer Identification Number)
incorporation or organization)
2101 West State Road 434, Suite 100,
Longwood, Florida, 32779 (407) 682-6363
(Address of principal executive offices) (Issuer's telephone number
including area code)
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Item 4. Changes in Registrant's Certifying Accountant.
(a) Effective October 26, 1999 the Company appointed Pender, Newkirk and
Company as independent accounts for the fiscal year to end on September 30,
1999. The decision to dismiss BDO Seidman, LLP was approved by the audit
committee acting pursuant to the authority delegated by the Company's Board of
Directors.
BDO Seidman, LLP's reports on the consolidated financial of JRECK Subs
Group, Inc. for each of the two recent fiscal years contained no adverse
opinion or disclaimer of opinion, and were not qualified or modified as to
uncertainty, audit scope or accounting principles.
During the last two fiscal years and in the subsequent interim period to
the date hereof, there were no disagreements between JRECK Subs Group, Inc. and
BDO Seidman, LLP on any matters of accounting principles or practices, financial
statement disclosure or auditing scope or procedure, which disagreements, if not
resolved to the satisfaction of BDO Seidman, LLP would have caused it to make a
reference to the subject matter of the disagreements in connection with its
reports.
The Company has provided BDO Seidman, prior to the filing of the Form 8-K with
the Commission, a copy of the disclosures made in this Item 4(a).
(b) Effective October 26, 1999 the Company engaged Pender, Newkirk and
Company as its new independent accountants to audit the Company's financial
statements. During the period that BDO Seidman served as independent auditor,
including all the interim periods, the Company (or someone on its behalf) never
consulted Pender, Newkirk and Company regarding any matter.
Item 7. Exhibits.
Exhibit No. Description
16.1 Letter from BDO Seidman, LLP to the Securities and
Exchange Commission
Item 8. Change in Fiscal Year.
On October 25, 1999 the Company determined to change its fiscal year end
from December 31 to September 30. The 1998 Form 10-KSB was filed for the fiscal
year ended December 31, 1998. The next Form 10-KSB to be filed by the Company
will cover the reporting period of January 1, 1999 to September 30, 1999.
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SIGNATURES
In accordance with all the requirements of the Exchange Act, the registrant has
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
Jreck Subs Group, Inc.
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(Registrant)
President &
10/27/99 Christopher M. Swartz Duly Authorized Officer Christopher M. Swartz
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Date Print Name Title Signature
Chief Financial Officer
10/27/99 Michael F. Cronin Principal Accounting Officer Michael F. Cronin
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Date Print Name Title Signature
October 26, 1999
Securities and Exchange Commission
Mail Stop 9-5
450 5th Street, N.W.
Washington, D.C. 20549
Gentlemen:
We were previously independent public accountants for JRECK Subs Group, Inc. On
October 26, 1999, our appointment as auditors for the Company was terminated. We
have read and agree with the contents in Item 4a of Form 8-K of JRECK Subs
Group, Inc. dated October 26, 1999.
Very truly yours,
BDO Seidman, LLP
