SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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) August 13, 1999
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PLANET ENTERTAINMENT CORPORATION
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(Exact name of registrant as specified in charter)
FLORIDA
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(State or other jurisdiction of incorporation)
0-29776 33-0471728
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(Commission file number) (IRS employer identification no.)
222 Highway 35, P.O. Box 4085, Middletown, New Jersey 07748
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(Address of principal executive offices)
Registrant's telephone number, including area code (732) 530-8819
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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.
Effective August 13, 1999, the registrant notified A.J. Robbins, P.C.,
the independent accounting firm previously engaged as the principal accountant
to audit the registrant's financial statements, of its dismissal. Such principal
accountant's report on the registrant's financial statements for each of the
past two years did not contain an adverse opinion or a disclaimer of opinion,
and was not qualified or modified as to uncertainty, audit scope, or accounting
principles. The decision to change accountants was approved by the Board of
Directors of the registrant. During the registrant's two most recent fiscal
years and any subsequent interim period preceding such dismissal there were no
disagreements with the former accountant 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 the former
accountant, would have caused it to make reference to the subject matter of the
disagreements in connection with its report.
Effective August 16, 1999, the registrant engaged Lazar Levine & Felix
LLP, a new independent accountant, as the principal accountant to audit the
registrant's financial statements. During the registrant's two most recent
fiscal years, and any subsequent interim period prior to engaging that
accountant, neither the registrant nor anyone on its behalf consulted the newly
engaged accountant regarding either: (i) the application of accounting
principles to a specified transaction, either completed or proposed; or the type
of audit opinion that might be rendered on the registrant's financial
statements; or (ii) any matter that was either the subject of a disagreement or
a reportable event.
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) Exhibits.
16. Letter of A.J. Robbins, P.C. re: Change in Certifying Accountant.
2
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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.
PLANET ENTERTAINMENT, INC.
(Registrant)
Dated: August 17, 1999 By: /s/ JOHN S. ARNONE
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John S. Arnone
President and CEO
AJ. ROBBINS, PC
CERTIFIED PUBLIC ACCOUNTANTS
AND CONSULTANTS
August 13, 1999
Mr. John Arnone
President, Chief Executive Officer
Planet Entertainment, Inc.
225 Highway 35
Post Office Box 4085
Middletown, NJ 07748
Dear Mr. Arnone:
This is to confirm that the client-auditor relationship between Planet
Entertainment, Inc. (Commission File Number 0-29776) and AJ. Robbins, P.C. has
ceased.
Very truly yours,
AJ. ROBBINS, P.C.
By /s/ AJ ROBBINS
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AJ. Robbins, C.P.A.
AJR:kb
cc: Office of the Chief Accountant Fax #(202) 942-9858
SEC - Office of the Chief Accountant
Attn: SECPS Letter File
Mail Stop 9-5
450 Fifth Street, N.W.
Washington, D.C. 20549
303 East 1st Avenue o Suite 201 o Denver, CO 80206
303-321-1281 o Fax 303-321-1288
