SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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) September 28, 1998
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STANDARD AUTOMOTIVE CORPORATION
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(Exact Name of Registrant as Specified in Charter)
Delaware 001-13657 59-2018007
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation File Number) Identification No.)
321 Valley Road, Hillsborough, New Jersey 08876-4056
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, (908) 369-5544
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Item 4. Changes in Registrant's Certifying Accountants.
(a) Dismissal of Former Accountant.
Effective on September 29, 1998 Standard Automotive Corporation
(the "Company") dismissed BDO Seidman, LLP ("BDO") as the Company's principal
independent accountants. The decision to change independent accountants was
recommended by the Company's Audit Committee.
The report of BDO on the Company's financial statements as of and for the
years ended March 31, 1997 and 1998 did not contain an adverse opinion or
disclaimer of opinion, nor was it 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 March 31, 1997 and 1998 and during
the interim period through the date of BDO's dismissal, there were no
disagreements between the Company and BDO on any matter of accounting principles
or practices, financial statement disclosure or auditing scope or procedures
which, if not resolved to BDO's satisfaction, would have caused BDO to make
reference to the matter in their report. Further, during such periods, there
were no events of the type required to be reported pursuant to Item 304(a)(1)(v)
of Regulation S-K.
(b) Engagement of New Accountant.
On or about the date of the dismissal of BDO, the Company appointed Arthur
Andersen LLP ("Arthur Andersen") as the Company's new independent accountants.
Arthur Andersen had never previously been consulted by the Company on any
matter.
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.
16.1 Letter Regarding Change in Independent 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 hereunto duly authorized.
STANDARD AUTOMOTIVE CORPORATION
(Registrant)
Date: October 5, 1998 By: /s/ Roy Ceccato
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Roy Ceccato
Principal Accounting Officer
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EXHIBIT 16.1
October 5, 1998
Securities and Exchange Commission
450 5th Street N.W.
Washington, D.C. 20549
Gentlemen:
We have been furnished with a copy of the response to Item 4(a) of Form 8-K for
the event that occurred on September 29, 1998, to be filed by our former client,
Standard Automotive Corporation. We agree with the statements made in response
to that Item insofar as they relate to our Firm.
Very truly yours,
/s/ BDO SEIDMAN, LLP
BDO SEIDMAN, LLP
Woodbridge, New Jersey
