SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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) June 22, 1998
800 TRAVEL SYSTEMS, INC
--------------------------------------------------
(Exact Name of Registrant as Specified in Charter)
Delaware 1-13271 59-3343338
- ---------------------------- ------------ -------------------
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation File Number) Identification No.)
4802 Gunn Highway, Tampa, Florida 33624
- ---------------------------------------- ----------
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, (913) 908-0903
<PAGE>
Item 4. Changes in Registrant's Certifying Accountants.
(a) Dismissal of Former Accountant.
Effective on or about June 22, 1998 the 800 Travel Systems, Inc. (the
"Company") dismissed Killman, Murrell & Company, P.C. ("Killman") as the
Company's principal independent accountants.
The decision to change independent accountants was recommended by the
Company's Board of Directors after considering the significant additional
expenses (including, without limitation, travel, lodging and long-distance
communications costs, all of which would have been recurring costs) involved in
continuing to retain the Dallas, Texas based Killman, compared to the cost of
retaining a Tampa, Florida based firm. See Item 4(b) below.
The reports of Killman on the Company's financial statements for the years
ended December 31, 1996 and 1997 did not contain an adverse opinion or
disclaimer of opinion, nor were they qualified or modified as to uncertainty,
audit scope or accounting principles. In connection with audits of the financial
statements of the Company for the years ended December 31, 1996 and 1997 and
during the interim period through the date of Killman's dismissal, there were no
disagreements between the Company and Killman on any matter of accounting
principles or practices, financial statement disclosure or auditing scope or
procedures which, if not resolved to Killman's satisfaction, would have caused
Killman to make reference to the matter in their reports. Further, during such
periods, there were no events of the type required to be reported pursuant to
Item 304(a)(1)(iv)(B) of Regulation S-B.
(b) Engagement of New Accountant.
On or about the date of the dismissal of Killman, the Company appointed
the Tampa, Florida office of Grant Thornton, LLP ("Grant Thornton") as the
Company's new independent accountants, and Grant Thornton accepted such
engagement. Grant Thornton had never previously been consulted by the Company on
any matter.
- 2 -
<PAGE>
Item 7. Financial Information, Pro Forma Financial Information and
Exhibits
(a) Financial Statements of Businesses Acquired.
Not applicable.
(b) Pro Forma Financial Information.
Not applicable.
(c) Exhibits.
23.1 Consent of Killman, Murrell & Company, P.C. to Disclosure regarding
Dismissal
- 3 -
<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.
800 TRAVEL SYSTEMS, INC.
------------------------
(Registrant)
Date: June 22, 1998 By: /s/ Mark D. Mastrini
----------------------
President and
Chief Operating Officer
- 4 -
Exhibit 23.1
KILLMAN, MURRELL & COMPANY, P.C.
1931 E. 37th Street, Suite 7
Odessa, Texas 75202-3797
June 22, 1998
United States Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Consent to Disclosure regarding Dismissal
Ladies and Gentlemen:
We have read the disclosure under Item 4 in the Company's Report on Form
8-K dated June 22, 1998 relating to the dismissal of our firm and agree with
such statement.
Very truly yours,
Killman, Murrell & Company, P.C.
By: /s/ Michael Killman
----------------------
Name: Michael Killman
Title: President
