(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) September 8, 1997.
__________________
General Bearing Corporation
___________________________
(Exact name of registrant as specified in its charter)
Delaware 0-22053 13-2796245
________ _______ __________
(State or other (Commission (IRS Employer
jurisdiction File Number) Identification No.
of incorporation)
44 High Street, West Nyack, New York 10994
__________________________________________
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (914) 358-6000
______________
N/A
..................................................................
(Former name or former address, if changed since last report.)
<PAGE>
GENERAL BEARING CORPORATION
CURRENT REPORT ON FORM 8-K
TABLE OF CONTENTS
Page No.
________
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 September 8, 1997, the Company dismissed BDO Seidman, LLP
("BDO"), who was previously engaged as the principal accountant to
audit the Company's financial statements. Going forward the Company
will use the firm of Ferro, Berdon & Co., LLP as its principal
independent accountant. Prior to its engagement, Ferro Berdon 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) BDO's reports on the Company's financial statements for the
past two years did not contain any adverse opinion or disclaimer of
opinion and were not qualified or modified as to uncertainty, audit
scope or accounting principles;
(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 BDO, there have been no
disagreements between the Company and BDO 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 BDO.
Item 7. Financial Statements and Exhibits
Exhibit No. Description of Exhibit
___________ ______________________
16 Letter Regarding Change in Certifying Accountant.
<PAGE>
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.
General Bearing Corporation
___________________________
(Registrant)
Date: September 22, 1997
/s/ David L Gussack
___________________
David L. Gussack, President
/s/ Christopher Moore
______________________
Christopher Moore
Vice President - Finance
Exhibit No. 16
_______________
September 11, 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 September 8, 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/ BDO Seidman, LLP
BDO Seidman, LLP
