SECURITIES AND EXCHANGE COMMISSION
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Washington, DC 20549
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FORM 8-K
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Current Report Pursuant to
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Section 13 or 15(d) of the
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Securities Exchange Act of 1934
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Date of Report (Date of Earliest Event Reported): March 14, 2000
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Mizar Energy Company
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(Exact Name of Registrant as Specified in its Charter)
000-24977 Colorado 33-0231238
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(Commission (State or Other (IRS Employer
File Number) Jurisdiction of Indemnification
Incorporation) Number)
5200 NW 33rd Avenue, Suite 215
Ft. Lauderdale, FL 33309
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (954) 739-0607
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Item 4. Change in Registrant's Certifying Accountants.
(a) Previous independent accountants
(i) On March 14, 2000, Mizar Energy Company, a Colorado company. (the
"Company") decided that it was in its best interest to retain an accounting firm
that was based in South Florida. On March 14, 2000, the Company dismissed
Spicer, Jeffries & Co., its independent accountants, who are based in Denver,
Colorado. The Company's decision to change accountants was based solely on the
decision to have a local accounting firm and was not at all related to the
quality of work by Spicer, Jeffries & Co. or any disagreements with such firm.
(ii) The reports of on the financial statements for the past two fiscal
years contained no adverse opinion or disclaimer of opinion.
(iii) The Company's Board of Directors participated in and approved the
decision to change independent accountants at a Board meeting held in March
2000.
(iv) In connection with its audits for the two most recent fiscal years
and through March 14, 2000, there have been no disagreements with Spicer,
Jeffries & Co. 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 Spicer, Jeffries & Co. would have caused them to
make reference thereto in their report on the financial statement for such
years.
(v) The Company has requested that Spicer, Jeffries & Co. furnish it
with a letter addressed to the SEC stating whether or not it agrees with the
above statements. A copy of such letter dated March 14, 1999 is filed as Exhibit
16 to the Form 8-K.
(b) New independent accountants
(i) The Company engaged Sewell and Company, P.A. ("Sewell") as its new
independent accountants as of March 14, 2000. Sewell has offices in Hollywood,
Florida and Pembroke Pines, Florida. Prior to the engagement, the Company did
not consult with Sewell about the application of accounting principles to a
specific completed or contemplated transaction, or the type of audit opinion
that might be rendered on the Company's financial statements or ask Sewell to
provide any written or oral advice that was an important factor that the Company
considered in reaching decisions as to the accounting, auditing or financial
reporting issues.
Item 7. Financial Statements and Exhibits
Exhibits 16- Change in Certifying Accountants
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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 hereto duly authorized.
MIZAR ENERGY COMPANY
Date: March 15, 2000 By: /s/ Gary Verdier
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Chief Executive Officer, Treasurer, Secretary
and Chairman
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SPICER, JEFFRIES & CO.
4155 E. Jewell Avenue, Suite 307
Denver, CO 80222
Tel: (303) 753-1959
Fax: (303) 753-0338
March 14, 2000
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Mizar Energy Company ("Mizar")
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Dear Sirs:
We have read Item 4 of Mizar's Form 8-K dated March 14, 2000 and are in
agreement with the statements contained in paragraph 4(a) therein.
Yours very truly,
/s/ Spicer, Jeffries & Co.
