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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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F O R M 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) March 22, 1999
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UNIVEC, INC.
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(Exact name of registrant as specified in charter)
Delaware 0-22413 11-3163455
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
22 Dubon Court, Farmingdale, New York 11735
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (516) 777-2000
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999 Franklin Avenue, Garden City, New York 11530
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(Former name or former address, if changed since last report.)
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Item 4. Changes in Registrant's Certified Accountant.
(a)(1)(i) On March 22, 1999, Richard A. Eisner & Company, LLP
("RAE"), advised UNIVEC, Inc. (the "Registrant") that RAE would no longer serve
as independent accountants of record for Registrant.
(ii) RAE was engaged on May 6, 1998 and did not render any
report on the Registrant's financial statements prior to its resignation.
(iii) RAE's resignation was not recommended or approved by the
board of directors or the audit committee of the board of directors of the
Registrant.
(iv) (A) During the period since RAE's engagement, there were no
disagreements with RAE, whether or not resolved, 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 RAE,
would have caused it to make reference to the subject matter of the
disagreements in connection with its report.
(iv) (B)(2) RAE advised the Registrant it withdrew as
independent accountant of record because the Registrant's chief financial
officer, who was the principal line of communication to RAE and had been
instrumental in the initial retention of RAE, resigned prior to the completion
of the audit.
(a)(2) The Registrant is seeking to engage an independent accountant
to audit the Registrant's financial statements for the fiscal year ended
December 31, 1998.
(a)(3) A letter from RAE addressed to the Securities and Exchange
Commission stating whether RAE agrees with the statements made by the Registrant
in this report is being furnished to the Registrant as an Exhibit to this
report.
Item 7. Financial Statements and Exhibits.
(c) Exhibit
16.2 Letter from Richard A. Eisner & Company, LLP
2
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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 thereunto duly authorized.
UNIVEC, INC.
Dated: March 25, 1999 By: /s/ Alan Gold, M.D.
Farmingdale, New York ----------------------
Alan Gold, M.D.
President
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Richard A. Eisner & Company, LLP
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Accountants and Consultants
[Logo]
March 25, 1999
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Univec, Inc.
File No.: 0-22413
Current Report on Form 8-K
Dated on March 22, 1999
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Dear Commissioners:
This letter is furnished pursuant to Item 304 (a)(3) of Regulation S-K under the
Securities Act of 1933.
We are the former independent auditors of the financial statements of Univec,
Inc. as at and for the year ended, December 31, 1998. We resigned on March 22,
1999.
We have read the statements included under Item 4 of Form 8-K of Univec, Inc.
dated March 22, 1999 and agree with such statements as they apply to us.
/s/ Richard A. Eisner & Company, LLP
