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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 15 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 19, 1999
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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.)
150 EAST 58TH STREET, SUITE 3400
NEW YORK, NEW YORK 10155
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 308-5800
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Item 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
(a)(1)(i) The Registrant has dismissed its former auditors,
PricewaterhouseCoopers LLP ("PwC"), on August 17, 1999.
(ii) For the year ended December 31, 1998, the six months ended December
31, 1997 and the year ended June 30, 1997, PwC reports on the
Registrant's financial statements (a development stage company)
neither contained any adverse opinions or disclaimers of opinions
nor were qualified or modified as to uncertainty, audit scope or
accounting principle, except that PwC's auditors report on the
Registrant's consolidated financial statements for the year ended
December 31, 1998 contained an additional paragraph relating to the
Registrant continuing as a going concern due to the Registrant's
recurring losses from operations and net cash outflows from
operations.
(iii) The decision to terminate its relationship with PwC was approved by
the Board of Directors of the Registrant.
(iv) In connection with the audits for the year ended December 31, 1998,
the six months ended December 31, 1997, the year ended June 30, 1997
and through August 17, 1999, there were no disagreements with PwC 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 PwC, 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 Registrant's Board of Directors,
the Registrant retained Tanner + Co. ("Tanner") as its auditors as
of August 19, 1999.
(a)(3) The Registrant provided PwC with the above disclosures prior to
filing this Current Report on Form 8-K with the Commission, and is
filing herewith PwC's response to those disclosures pursuant to Item
304(a)(3) of Regulation S-K.
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Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) EXHIBITS
EXHIBIT NO. DESCRIPTION
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16 Letter regarding Change in Certifying Accountant.
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SIGNATURES
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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/ PAUL E. HANNESSON
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Paul E. Hannesson
Chairman
Date: August 23, 1999
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EXHIBIT INDEX
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EXHIBIT NO. DESCRIPTION
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16 Letter regarding Change in Certifying Accountant
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Exhibit 16
August 23, 1999
Securities and Exchange Commission
450 Fifth Street N.W.
Washington, DC 20549
Commissioners:
We have read the statements made by Commodore Separation Technologies, Inc.,
(copy attached) which will be filed the Commission pursuant to Item 4 of Form
8-K, as part of the Company's Form 8-K to be filed on or about August 23, 1999.
We agree with the statements concerning our firm in such Form 8-K, except we
have no basis for commenting on the statement made in comment (4)(a)(1)(iii).
Very truly yours,
/s/ PRICEWATERHOUSECOOPERS LLP
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PricewaterhouseCoopers LLP
Philadelphia, Pennsylvania
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