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): December 29, 1997
ZAP POWER SYSTEMS, INC.
(Exact name of small business issuer as specified in its charter)
CALIFORNIA
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(State or other jurisdiction of incorporation or organization)
333-05744-LA 94-3210624
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Commission file number (I.R.S. Employer Identification No.)
117 Morris Street
Sebastopol, CA 95472
(Address of principal executive offices)
(707)824-4150
(Registrant's telephone number, including area code)
ITEM 4. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT
(a) DISMISSAL OF INDEPENDENT ACCOUNTANT. On December 29, 1997,
the Registrart's Board of Directors, dismissed Moss Adams LLP
("Moss Adams") as the Registrants principal independent
accountant engaged to audit the Registrant's financial
statements.
The independent auditor's report of Moss Adams on the consolidated
financial statements of the Registrant for the years ended December 31,
1996 and 1995, included in the Form10-KSB for December 31, 1996,
contained no adverse opinion or disclaimer of opinion and was not
qualified as to uncertainty, audit scope or accounting principle.
In connection with the Registrant's audit for the years ended
December 31, 1996 and 1995, and in the subsequent interim period prior
to Moss Adams' dismissal on December 29, 1997, (i) there were no
disagreements with Moss Adams 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
Moss Adams, would have caused Moss Adams to make reference to the
subject matter on the disagreement in connection with their report and
(ii) the matters stated in item 304 (a) (iv) (B) of Regulation S-B
where applicable.
The Registrant has requested Moss Adams to furnish the Registrant
with a letter addressed to the Securities and Exchange Commission
stating whether it agrees with the statement made by the Registrant
above, and if not, to state the respects in which it does not agree.
The Registrant shall provide Moss Adams with a copy of this Form 8-K no
later than on the day this Form 8-K is filed with the Securities and
Exchange Commission. As Moss Adams is unavailable to supply the letter
described above at the time of
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filing this 8-K, the Registrant will request Moss Adams to provide the
letter as promptly as possible so that the Registrant can file the
letter with the SEC within ten (10) business days after the filing of
this Form 8-K.
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 hereunto duly authorized,
ZAP Power Systems, Inc.
Date: December 29, 1997 By: ________________________
Name: James McGreen
Title: President
By: ________________________
Name: Gary Starr
Title: Managing Director
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