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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
MARCH 16, 1998
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(Date of earliest event reported)
ERGOBILT, INC.
(Exact Name of Registrant as Specified in Charter)
TEXAS 0-22077 75-2600529
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
9244 MARKVILLE DRIVE
DALLAS, TEXAS 75243
(Address of Principal Executive Offices, Including Zip Code)
(972) 889-3742
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(Registrant's telephone number,
including area code)
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ERGOBILT, INC.
FORM 8-K
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
KPMG Peat Marwick LLP ("Former Accountant") was previously Registrant's
independent accountant. On March 16, 1998, that firm's appointment as principal
accountant was terminated. The decision to change accountants was approved by
Registrant's Board of Directors. The Former Accountant's reports on financial
statements of ErgoBilt, Inc. for the year ended December 31, 1996, and for the
period from June 12, 1995 to December 31, 1995, and BodyBilt Seating, Inc. for
each of the past two years contained no adverse opinion or a disclaimer of
opinion, nor was any report qualified or modified as to uncertainty, audit
scope, or accounting principles. During the periods described above and the
interim period preceding the Former Accountant's termination, there have been no
disagreements between Registrant and the Former Accountant on any matter of
accounting principles or practices, financial statement disclosure, or auditing
scope or procedure, which disagreement if not resolved to their satisfaction
would have caused them to make reference in connection with their opinion to
the subject matter of the disagreement.
Registrant has provided the Former Accountant with a copy of the
disclosures being reported in this report on Form 8-K prior to its filing with
the Commission. A copy of the Former Accountant's letter response to this item
is attached as an exhibit to this report.
On March 16, 1998, Coopers & Lybrand LLP ("Principal Accountant") was
engaged as Registrant's new independent accountant. The engagement was approved
by Registrant's Board of Directors. Registrant has not, prior to such
engagement, consulted the Principal Accountant regarding any financial statement
matters, or otherwise, of Registrant.
Registrant has provided the Principal Accountant with a copy of the
disclosures being reported in this report on Form 8-K prior to its filing with
the Commission. The Principal Accountant had no additional information or
comments to address to the Commission in response to this item.
ITEM 7. (c) EXHIBITS
The exhibits filed as a part of this report are listed on the Index to
Exhibits on page 4 of this report, which index is incorporated in this Item 7(c)
by reference.
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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 thereunto duly authorized.
Date: March 20, 1998 ERGOBILT, INC.
By: /s/ GERARD SMITH
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Gerard Smith, President and CEO
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INDEX TO EXHIBITS
The following exhibit to this report is incorporated herein by reference:
1. Letter response of KPMG Peat Marwick LLP
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EXHIBIT 1
Securities and Exchange Commission
Washington, D.C. 20549
March 20, 1998
Ladies and Gentlemen:
We were previously principal accountants for ErgoBilt, Inc. (ErgoBilt) and,
under the date of March 21, 1997, we reported on the financial statements of
ErgoBilt as of December 31, 1995 and 1996 and for the period from June 12,
1995 to December 31, 1995 and the year ended December 31, 1996. Under the date
of March 18, 1997, we also reported on the financial statements of BodyBilt
Seating, Inc. as of and for the years ended December 31, 1995 and 1996. On
March 16, 1998, our appointment as principal accountants was terminated. We
have read ErgoBilt's statements included under Item 4 of its Form 8-K dated
March 20, 1998, and we agree with such statements, except that we are not in a
position to agree or disagree with ErgoBilt's statement that the change was
approved by the board of directors. Further, we are not in a position to agree
or disagree with ErgoBilt's statement that Coopers & Lybrand LLP was not
consulted regarding the application of accounting principles to a specified
transaction or the type of audit opinion that might be rendered on ErgoBilt's
financial statements.
Very truly yours,
/s/ KPMG PEAT MARWICK LLP
