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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 and Exchange Act of 1934
Date of Report (Date of earliest event reported): December 15, 2000
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Home Security International, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 001-14502 98-0169495
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File number) Identification No.)
Unit 3, 167 Prospect Highway
Seven Hills, NSW Australia 2147
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (011) (612) 9936-2424
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Level 7, 77 Pacific Highway, North Sydney, NSW Australia, 2060
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Former name or former address, if changed since last report
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Item 4. Changes in Registrant's Certifying Accountant.
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On December 15, 2000, Home Security International, Inc. ("HSI" or the
"Company"), received a letter from its independent accountant, Arthur Andersen
("AA"), "confirm[ing] that the client-auditor relationship between Home Security
International, Inc. and Arthur Andersen has ceased."
The reports of AA on the Company's financial statements for the past two
fiscal years did not contain an adverse opinion or a disclaimer of opinion and
were not qualified as to audit scope, or accounting principles.
AA's decision to resign was its alone and not recommended by the Company.
No reason for AA's decision was given in its letter dated December 8, 2000. The
Company intends to engage a new accountant for the current fiscal year after
recommendation by the Company's Audit Committee and approval by the Company's
Board of Directors.
In connection with the Company's financial statements for each of the two
fiscal years ended June 30, 2000, and in the subsequent interim periods: i)
there were no disagreements with AA on any matters of accounting principles or
practices, financial statement disclosure, or auditing scope and procedures
which, if not resolved to the satisfaction of AA would have caused AA to make
reference to the matter in its report, and ii) AA did not advise the Company of
any reportable event as defined in Item 304(a)(1)(v) of Regulation S-K.
The Company has requested AA to furnish to it a letter addressed to the
Commission stating whether it agrees with the above statements. A copy of that
letter, dated December 21, 2000, is referenced as Exhibit 16.1 to this report.
Item 5. Other Events.
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In December 2000, the Company changed the address of its principal
executive offices to Unit 3, 167 Prospect Highway, Seven Hills, NSW Australia
2147.
Item 7. Exhibits.
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(c) Exhibits. The following exhibits are filed herewith in
accordance with Item 601 of Regulation S-K:
16.1 Letter from Arthur Andersen required pursuant to Rule 304(a)(3)
of Regulation S-K.
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HOME SECURITY INTERNATIONAL, INC.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company
has duly caused this 8-K report to be signed on its behalf by the undersigned,
thereunto duly authorized.
HOME SECURITY INTERNATIONAL, INC.
By:/s/Terrence Youngman
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Terrence Youngman
President
Dated: January 3, 2000
