(As last amended in Rel. No. 34-25113, eff. 1/30/95.)
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) October 21, 1997
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General Bearing Corporation
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(Exact name of registrant as specified in its charter)
Delaware 0-22053 13-2796245
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(State or other (Commission (IRS Employer
jurisdiciton of File Number) Identification No.)
incorporation)
44 High Street, West Nyack, New York 10994
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (914)358-6000
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N/A
................................................................
(Former name or former address, if changed since last report.)
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GENERAL BEARING CORPORATION
CURRENT REPORT ON FORM 8-K
TABLE OF CONTENTS
Page No.
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Item 4 Changes in Registrant's Certifying Accountant ..3
Item 7. Financial Statements and Exhibits ..............3
Signature................................................4
<PAGE>
Item 4. Changes in Registrant's Certifying Accountant.
(i) On October 21, 1997, the Company dismissed Ferro, Berdon & Company,
LLP., as the principal accountant to audit the Company's financial statements
and reinstated the firm of BDO Seidman, LLP., as its principal independent
accountant. Prior to its engagement, BDO Seidman, LLP., was not consulted by or
on behalf of the Company regarding the application of accounting principles to
any specified transaction or the type of audit opinion that might be rendered on
the Company's financial statements or as to any matter which might have
constituted a disagreement or reportable event within the purview of Item 304 of
Regulation S-K;
(ii) Ferro, Berdon & Company's report on the Company's financial
statements for fiscal year 1995 did not contain any adverse opinion or
disclaimer of opinion and was not qualified or modified as to uncertainty, audit
scope or accounting principles. Ferro Berdon has not issued any reports on the
Company's financial statements covering any period after fiscal year 1995.
(iii) The decision to change accountants was recommended by the audit
committee of the board of directors and authorized by the board of directors;
(iv) During the two most recent fiscal years and the subsequent interim
period preceding the dismissal of Ferro, Berdon & Company, there have been no
disagreements between the Company and Ferro Berdon & Company on any matter of
accounting principles, practices, financial statement disclosure, or auditing
scope of procedure;
(v) None of the kinds of events listed in Item 304 (a)1(v) (A) through (D)
of Regulation S-K have occurred within the Company's two most recent fiscal
years and the subsequent interim period preceding the dismissal of Ferro, Berdon
& Company.
Item 7. Financial Statements and Exhibits
Exhibit No. Description of Exhibit
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16 Letter Regarding Change in Certifying Accountant.
<PAGE>
Signatures
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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.
General Bearing Corporation
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(Registrant)
Date: October 24, 1997
/s/ David L Gussack
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David L. Gussack, President
/s/ Christopher Moore
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Christopher Moore
Vice President - Finance
Exhibit No. 16
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October 21, 1997
Securities and Exchange Commission
450 5th Street N.W.
Washington, D.C. 20549
Gentlemen:
We have been furnished with a copy of the response to Item 4 of
Form 8-K for the event that occurred on October 21, 1997, to be
filed by our former client, General Bearing Corporation. We
agree with the statements made in response to that Item insofar
as they relate to our Firm.
Very truly yours,
/s/ Ferro, Berdon & Company, L.L.P.
FERRO, BERDON & COMPANY, L.L.P.
