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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): January 23, 1998
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HAYES CORPORATION
(Exact name of Recipient as specified in its charter)
DELAWARE 0-21697 52-1987873
(State or other jurisdiction of (Commission File No.) (IRS Employer
incorporation Identification No.)
or organization)
5854 PEACHTREE CORNERS EAST
NORCROSS, GEORGIA 30092
(Address of principal executive offices, including zip code)
(770)840-9200
(Registrant's telephone number, including area code)
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(Former name and former address from last report)
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
On January 9, 1998, on the recommendation and approval of the Audit
Committee of Hayes Corporation's Board of Directors, Hayes Corporation
(formerly called Access Beyond, Inc.) authorized management to retain Coopers &
Lybrand LLP, Atlanta, Georgia ("Coopers"), and to dismiss Deloitte & Touche LLP
("Deloitte") effective January 19, 1998, as the certifying accountant for Hayes
Corporation's consolidated financial statements.
The reports of Deloitte on the consolidated financial statements of Access
Beyond, Inc. (the successor Company to Penril DataComm Networks, Inc.) for each
of the two years ended July 31, 1997 contained no adverse opinion or disclaimer
of opinion and were not qualified or modified as to uncertainty, audit scope or
accounting principles.
There were no disagreements with Deloitte during the two years ended July
31, 1997 and up to January 19, 1998 on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or procedure.
There were no events communicated by Deloitte during the two years ended
July 31, 1997 and up to January 19, 1998 regarding the following:
1. That the internal controls necessary for the Registrant to develop
reliable financial statements did not exist.
2. That information has come to the Accountant's attention that has led it
to no longer be able to rely on management's representatives or that has made
it unwilling to be associated with the financial statements prepared by
management.
3. That the Accountants needed to expand significantly the scope of
their audit or that they have become aware of information that if further
investigated may materially impact the fairness and reliability of a previously
issued audit report or underlying financial statements or cause it to be
unwilling to rely on management's representatives or be associated with the
Registrant's financial statements.
4. That information has come to the Accountant's attention that it has
concluded materially impacts the fairness or reliability of the previously
issued audit report or underlying financial statements and that due to any
reason, has not been resolved to the Accountant's satisfaction prior to January
19, 1998.
Hayes Corporation has requested that Deloitte furnish it with a letter
addressed to the Securities and Exchange Commission stating whether or not it
agrees with the above statements. A copy of such letter, dated January 23,
1998 is filed as Exhibit 16 to this Form 8-K.
Hayes Corporation had not previously retained or consulted Coopers with
respect to the application of accounting principles to any transaction, the
type of audit opinion that might be rendered on Hayes Corporation's
consolidated financial statements, or as to any matter that was either the
subject of a disagreement as defined in 304(a)(1)(iv), or a reportable event
(as described in paragraph (a)(1)(iv) of Item 304 Regulation S-K).
ITEM 7: FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) Exhibit 16.
Deloitte & Touche LLP, Letter on Change in Certifying Accountant.
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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.
HAYES CORPORATION
Date: January 22, 1998 /s/ Ronald A. Howard
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Ronald A. Howard, Vice Chairman
and Chief Executive Officer
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EXHIBIT 16
[Deloitte & Touche LLP Letterhead]
January 23, 1998
Securities and Exchange Commission
Mail Stop 9-5
450 5th Street, N.W.
Washington, D.C. 20549
Dear Sirs/Madams:
We have read and agree with the comments in Item 4 of the Form 8-K of Hayes
Corporation dated January 23, 1998, except that we have no basis for agreeing
or disagreeing with the comments included in the last paragraph of Item 4.
Yours truly,
/s/ Deloitte & Touche LLP
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