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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): September 6, 2000
NHANCEMENT TECHNOLOGIES INC.
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(Exact Name of Registrant as Specified in its Charter)
DELAWARE
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(State or Other Jurisdiction of Incorporation)
0-21999 84-1360852
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(Commission File Number) (I.R.S. Employer Identification No.)
6663 OWENS DRIVE, PLEASANTON, CA 94588
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(Address of Principal Executive Offices, including Zip Code)
(925) 251-3333
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(Registrant's Telephone Number, Including Area Code)
NOT APPLICABLE
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 4. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT.
Effective as of September 6, 2000, NHancement Technologies Inc.
("NHANCEMENT") has replaced BDO Seidman LLP ("BDO SEIDMAN"), its independent
accounting firm, with PricewaterhouseCoopers LLP.
NHancement believes that for the two fiscal years ended September 30,
1999, and the subsequent interim period through September 6, 2000, NHancement
and BDO Seidman did not have any disagreement on any matter of accounting
principles or practices, financial statement disclosure or auditing scope or
procedure, which disagreement, if not resolved to the satisfaction of BDO
Seidman would have caused it to make reference in connection with its report on
NHancement's financial statements to the subject matter of the disagreement.
The decision to change NHancement's independent public accountants was
recommended and approved by the Audit Committee of the Board of Directors of
NHancement.
The reports of BDO Seidman on NHancement's financial statements for the
fiscal year ended September 30, 1999, the nine months ended September 30, 1998
and the fiscal year ended December 31, 1997, did not contain an adverse opinion
or a disclaimer of opinion, and was not qualified or modified as to uncertainty,
audit scope or accounting principles. During that period, there were no
"reportable events" within the meaning of Item 304(a)(1)(v) of Regulation S-K
promulgated under the Securities Act of 1933, as amended.
During NHancement's two fiscal years ended September 30, 1999, and the
subsequent interim period through September 6, 2000, NHancement did not consult
PricewaterhouseCoopers LLP regarding the application of accounting principles to
a specified transaction, either completed or proposed, or the type of audit
opinion that might be rendered on NHancement's financial statements.
Attached as Exhibit 16.1 to this Report on Form 8-K is a letter
addressed to the Securities and Exchange Commission stating that BDO Seidman
agrees with the above statements.
ITEM 7. EXHIBITS
16.1 Letter from BDO Seidman regarding its concurrence with the
statements in this Form 8-K.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Dated: September 12, 2000 NHANCEMENT TECHNOLOGIES INC.
(the Registrant)
By: /s/ Douglas S. Zorn
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Douglas S. Zorn, President and
Chief Executive Officer
