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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
Current report pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
February 28, 2000
Commission File Number 0-23693
COMPOSITE AUTOMOBILE RESEARCH, LTD.
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(Name of Small Business Issuer in Its Charter)
Alberta, BC 93-1202663
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(State of Incorporation) (I.R.S. Employer Identification No.)
635 Front Street, El Cajon, California 92020
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(Address of Principal Executive Offices) (Zip Code)
(619) 444-7254
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(Registrant's telephone number, including area code)
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ITEM 1 CHANGES IN CONTROL OF REGISTRANT.
None
ITEM 2 ACQUISITION OR DISPOSITION OF ASSETS.
None
ITEM 3 BANKRUPTCY OR RECEIVERSHIP.
None
ITEM 4 CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
As previously reported in the Company's Form 8-K filing of May 17, 1999,
on May 3, 1999, the Company's auditors, Harlan & Boettger, LLP resigned
as the Company's independent auditors. As previously reported, for the
two years ended June 30, 1996 and 1997, there were no disagreements with
Harlan & Boettger, LLP on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or
procedure or any reportable events. The audit report of Harlan &
Boettger, LLP on the financial statements for the two years ended June
30, 1996 and 1997 contained no adverse opinion or disclaimer of opinion
and was not qualified or modified as to audit scope or accounting
principles.
On August 23, 1999, the Board of Directors approved the engagement of
S.W. Hatfield, Certified Public Accountants to perform the audit of the
Company's financial statements for the year ended June 30, 1998. On
August 30, 1999, S.W. Hatfield, Certified Public Accountants resigned as
the Company's independent auditors as the Company had not completed its
year end bookkeeping responsibilities as agreed. S.W. Hatfield,
Certified Public Accountants provided no auditing services to the
Company, and there were no disagreements with S.W. Hatfield, Certified
Public Accountants on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure or any
reportable events.
As previously reported in the Company's Form 8-K filing of September 28,
1999, on September 8, 1999, the Board of Directors approved the
engagement of J. H. Cohn, LLP as its independent public accountants to
perform the audit of the Company's financial statements for the year
ended June 30, 1999.
The Company has requested that S.W. Hatfield, Certified Public
Accountants furnish it with a letter addressed to the SEC stating
whether it agrees with the above statements as they pertain to S.W.
Hatfield, Certified Public Accountants. A copy of S.W. Hatfield,
Certified Public Accountants' letter to the SEC dated February 28, 2000,
is filed as Exhibit 16 to the Company's Form 8-K/A.
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ITEM 5 OTHER EVENTS.
None
ITEM 6 RESIGNATIONS OF REGISTRANT'S DIRECTORS.
None
ITEM 7 FINANCIAL STATEMENTS AND EXHIBITS.
Exhibit 16 S.W. Hatfield, Certified Public Accountants' letter to the
SEC
ITEM 8 CHANGE IN FISCAL YEAR.
None
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.
COMPOSITE AUTOMOBILE RESEARCH, LTD.
Date: February 28, 2000 /s/ LYLE WARDROP
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Lyle Wardrop,
President, Director
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EXHIBIT 16
[S.W. HATFIELD, CPA LETTERHEAD]
February 28, 2000
U.S. Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Gentlemen:
This firm has reviewed Item 4 - Changes in Registrant's Certifying Public
Accountant of the Form 8-K/A to be filed by Composite Automotive Research, Ltd.
(SEC File #0-23693) on February 28, 2000.
We have no disagreements with the statements made within Item 4 of the
referenced Form 8-K.
Yours truly,
S.W. Hatfield, CPA
/s/ SCOTT W. HATFIELD
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Scott W. Hatfield, CPA
for the Firm
SWH/
