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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 3, 1997
Commission File Number 0-28840
INFORMATION MANAGEMENT RESOURCES, INC.
(Exact Name of Registrant as Specified in its Charter)
FLORIDA 59-2911475
(State or Other Jurisdiction of (I.R.S. Employer Identification No.)
Incorporation or Organization)
26750 U.S. HIGHWAY 19 NORTH
SUITE 500
CLEARWATER, FLORIDA 34621
(Address of Principal Executive Office and Zip Code)
(813) 797-7080
(Registrant's Telephone Number, Including Area Code)
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
(a) On January 3, 1997, Arthur Andersen & Associates resigned as the
principal accountants of Information Management Resources (India) Ltd.
("IMR-India"), a majority owned subsidiary of Information Management
Resources, Inc. ("IMR-US").
(b) During the two most recent fiscal years and the interim periods
subsequent to December 31, 1995 there have been no disagreements with
Arthur Andersen & Associates on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or procedure
or any reportable events applicable to IMR-India.
(c) Arthur Andersen & Associates report on the financial statements of
IMR-India for the past two years contained no adverse opinions or
disclaimers of opinion and was not qualified or modified as to uncertainty,
audit scope or accounting principles.
(d) The Registrant has requested that Arthur Andersen & Associates
furnish it with a letter addressed to the Securities and Exchange
Commission stating whether it agrees with the above statements. A copy of
Arthur Andersen & Associates letter to the Securities and Exchange
Commission dated January 8, 1997, is filed as Exhibit 16 to this Form 8-K.
(e) On January 8, 1997, the accounting firm of Lovelock & Lewes was engaged
to perform the annual audit of the financial statements of IMR-India.
Lovelock & Lewes is Coopers & Lybrand L.L.P.'s affiliate in India. Coopers
& Lybrand L.L.P., has been the principal accountant for IMR-US for three
years and has expressed reliance upon Arthur Andersen & Associates' reports
in its reports on the consolidated financial statements of IMR-US for each
of those three years. It is expected that Coopers & Lybrand L.L.P. will
express reliance upon future reports of Lovelock & Lewes.
(f) The decision to change accountants was approved by the Audit Committee
of the Registrant's Board of Directors.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial Statements Of Businesses Acquired.
None
(b) Pro forma Financial Information.
None
(c) Exhibits:
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16 Arthur Andersen & Associates letter to the 4
Securities and Exchange 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 thereunto duly authorized.
INFORMATION MANAGEMENT RESOURCES, INC.
Date: January 10, 1997 /s/ Satish K. Sanan
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Satish K. Sanan
Chief Executive Officer
Date: January 10, 1997 /s/ Michael J. Dean
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Michael J. Dean
Chief Financial Officer
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[LETTERHEAD OF ARTHUR ANDERSEN & ASSOCIATES APPEARS HERE]
January 8, 1997
Securities and Exchange Commission
Washington, DC 20549
Gentlemen,
We were previously principal accountants for Information Management Resources
(India) Limited and on September 6, 1996, we reported on the financial
statements of Information Management Resources (India) Limited as of and for the
years ended December 31, 1995 and December 31, 1994 and as of and for the four
months ended December 31, 1993. On January 3, 1997 we resigned as the principal
accountants of Information Management Resources (India) Limited. We have read
the paragraphs a. to d. of Item 4 included in the attached Form 8-K dated
January 8, 1997 of Information Management Resources, Inc (parent company of
Information Management Resources (India) Limited) to be filed with the
Securities and Exchange Commission (copy attached and signed for identification)
and are in agreement with the statements contained therein.
Yours faithfully,
/s/ Arthur Andersen & Associates
