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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): July 28, 1997
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Commodore Separation Technologies, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 0-22291 11-3299195
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
3240 Town Point Drive, Suite 200
Kennesaw, Georgia 30144
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (770) 422-1518
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(Former Name or Former Address, if Changed Since Last Report)
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CURRENT REPORT ON FORM 8-K
COMMODORE SEPARATION TECHNOLOGIES, INC.
July 28, 1997
Item 4. Changes in Registrant's Certifying Accountant.
(a)(1)(i) Commodore Separation Technologies, Inc., a Delaware
corporation (the "Company"), and its former auditors,
Tanner + Co. ("Tanner"), mutually agreed on July 28,
1997 to terminate their relationship.
(a)(1)(ii) During the fiscal period ended June 30, 1996, and
through and including July 28, 1997, Tanner's reports
on the Company's financial statements neither
contained any adverse opinions or disclaimers of
opinions nor were qualified or modified as to
uncertainty, except that Tanner's auditors' report on
the Company's consolidated financial statements for
the fiscal period ended June 30, 1996 contained
additional paragraphs relating to the Company
continuing as a going concern due to the Company's
significant losses and deficit in working capital.
(a)(1)(iii) The decision to terminate its relationship with
Tanner was recommended by the Audit Committee of the
Board of Directors and was approved by the Board of
Directors of the Company.
(a)(1)(iv) During the fiscal period ended June 30, 1996, and
through and including July 28, 1997, there were no
disagreements with Tanner 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
Tanner, would have caused it to make reference to the
subject matter of the disagreements in connection
with its reports.
(a)(2) Pursuant to action approved by the Company's Board of
Directors, the Company retained Price Waterhouse LLP
as its auditors as of July 28, 1997.
(a)(3) The Company provided Tanner with the above
disclosures prior to filing this Current Report on
Form 8-K with the Commission, and is filing herewith
Tanner's response to those disclosures pursuant to
Item 304(a)(3) of Regulation S-K.
Item 7. Financial Statements and Exhibits.
(a) Financial statements of business acquired.
Not Applicable.
(b) Pro Forma financial information.
Not Applicable.
(c) Exhibits.
Exhibit No. Description
16 Letter of Tanner + Co., dated July 28, 1997.
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Item 8. Change in Fiscal Year.
On July 28, 1997, the Board of Directors of the Company adopted
resolutions changing the Company's fiscal year end from June 30 to December 31
of each year, commencing with the year ending December 31, 1997. The Company
will file its Annual Report on Form 10-K for the fiscal year ended June 30, 1997
within 90 days after the end of such fiscal year. The report covering the
transition period from July 1, 1997 to December 31, 1997 will be filed on Form
10-K within 90 days after December 31, 1997.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this Current Report to be signed on its behalf by
the undersigned hereunto duly authorized.
COMMODORE SEPARATION TECHNOLOGIES, INC.
By: /s/ Michael D. Fullwood
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Michael D. Fullwood
Senior Vice President, Chief Financial
and Administrative Officer, Secretary
and General Counsel
Date: July 29, 1997
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EXHIBIT INDEX
Exhibit No. Description
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16 Letter of Tanner + Co., dated July 28, 1997.
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[TANNER + CO. LETTERHEAD]
July 28, 1997
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
RE: Commodore Separation Technologies, Inc.
File Ref. No. 0-22291
We were previously the principal accountant for Commodore Separation
Technologies, Inc. and under the date of August 1, 1996 except for notes 2 and
3, which are dated October 14, 1996 and except for notes 1, 4, 5, and 7, which
are dated February 4, 1997 we reported on the financial statements for the
period ended June 30, 1996. On July 28, 1997, our appointment as principal
accountant was terminated. We have read Commodore Separation Technologies,
Inc.'s statements included under Item 4 of its Form 8-K dated July 28, 1997 and
we agree with such statements.
Sincerely,
TANNER + CO.
