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UNITED STATES
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) August 26, 1998
OLYMPIC CASCADE FINANCIAL CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 001-12629 36-4128138
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
875 North Michigan Avenue, Suite 1560, Chicago, Illinois 60611
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (312) 751-8833
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Item 4. Changes in Registrant's Certifying Accountant
Information required by Item 304(a)(1)
ITEM 304(a)(i)- On August 26, 1998 Moss Adams LLP resigned as principal
accountant to audit the Registrant's financial statements.
ITEM 304(a)(ii)- The reports of Moss Adams LLP on the Registrant's
financial statements for the fiscal years ended September 26, 1997
and September 27, 1996 did not contain an adverse opinion or a
disclaimer of opinion, or a qualification or modification as to
uncertainty, audit scope or accounting principles.
ITEM 304(a)(iv)- In connection with its audits for the Registrant's
two most recent fiscal years and through August 26, 1998 there were
no disagreements with Moss Adams LLP on any matter of accounting
principles or practices, financial statement disclosure, or auditing
scope or procedure.
ITEM 304(a)(v)- During the Registrant's two most recent fiscal years
and through August 26, 1998 there have been no reportable events.
ITEM 304(a)(vi)- The registrant requested that Moss Adams LLP furnish
the Registrant, as promptly as possible, with a letter addressed to
the Commission stating whether it agrees with the statements made by
the Registrant contained herein and, if not, stating the respects in
which it does not agree. The Registrant filed Moss Adams LLP's
response, dated August 28, 1998, as an exhibit to this filing.
Information required by Item 304(a)(2)
ITEM 304(a)(2)- The Registrant engaged Feldman Sherb Ehrlich & Co.,
P.C. as its independent accountant as of August 31, 1998. During the
Registrant's two most recent fiscal years, and through August 31,
1998, the Registrant did not consult with Feldman Sherb Ehrlich &
Co., P.C. as to either the application of accounting principles to a
specified transaction, either completed or proposed or the type of
audit opinion that might be rendered on the Registrant's financial
statements and the Registrant did not consult with Feldman Sherb
Ehrlich & Co., P.C. as to any matter that was either the subject of a
disagreement or reportable event.
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Item 7.
(c) Exhibits
16. Letter from Moss Adams LLP dated August 26, 1998 regarding
resignation as Registrant's principal independent accountant.
16.1 Letter from Moss Adams LLP dated August 28, 1998 regarding
Registrant's Form 8-K dated August 26, 1998 that reported the
resignation of Moss Adams LLP as Registrant's principal independent
accountant.
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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 hereunto duly authorized.
OLYMPIC CASCADE FINANCIAL CORPORATION
Date: September 1, 1998 By: Steven A. Rothstein
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Steven A. Rothstein, Chairman, President and
Chief Executive Officer
Date: September 1, 1998 By: Robert H. Daskal
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Robert H. Daskal
Senior Vice President, Chief Financial
Officer and Secretary
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[LETTERHEAD]
August 28, 1998
Office of the Chief Accountant
Securities and Exchange Commission
Washington, DC 20549
Gentlemen:
Enclosed is the notice of our resignation as principal accountants of Olympic
Cascade Financial Corporation effective August 26, 1998. This notice includes
our agreement with the Company's statements under Item 4 of its Form 8-K for
August 26, 1998.
Please contact us if we may be of further assistance.
Yours very truly,
/s/ Edward C. Drosdick,
Edward C. Drosdick, for
MOSS ADAMS LLP
c: Robert Daskal, Olympic Cascade Financial Corporation
Enclosure
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[LETTERHEAD]
Securities and Exchange Commission
Washington, DC 20549
Gentlemen:
We were previously principal accountants for Olympic Cascade Financial
Corporation (the Company) and on November 14, 1997, we reported on the
consolidated financial statements of Olympic Cascade Financial Corporation as of
September 26, 1997 and September 27, 1996 and for each of the years in the
three-year period ended September 26, 1997. On August 26, 1998 we resigned as
principal accountants of the Company. We have read the Company's statements
included under Item 4 of its Form 8-K for August 26, 1998 and we agree with such
statements.
/s/ MOSS ADAMS LLP
Seattle, Washington
August 28, 1998
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