SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF EARLIEST REPORTED EVENT JANUARY 27, 1999
NEWMARK HOMES CORP.
(Exact name of Registrant as specified in its charter)
NEVADA 333-42213 76-0460831
(State or other jurisdiction of (Commission (IRS Employer
incorporation or organization) File Number) Identification Number)
1200 SOLDIERS FIELD DRIVE
SUGAR LAND, TEXAS 77479
(Address of Registrant's principal executive offices)
281-243-0100
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
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INFORMATION INCLUDED IN THIS REPORT
Item 4. Changes in Registrant's Certifying Accountant
Newmark Homes Corp. (the "Corporation") has informed KPMG, LLP
("KPMG"), its certifying accountants, that the Corporation has dismissed KPMG as
its certifying accountants and has engaged new certifying accountants. The new
certifying accountants, BDO Seidman, LLP ("BDO"), presently prepare consolidated
financial statements for a consolidated group which includes the Corporation.
For previous fiscal years, BDO has relied on financial statements prepared by
KPMG in preparing the consolidated financial statements. In an effort to reduce
the amount of time and expense for duplicative work, the Corporation has
dismissed KPMG and has engaged BDO. Pursuant to Item 304(a) Regulation S-K
under the Securities Act of 1933, as amended, and under the Securities Exchange
Act of 1934, as amended, the Corporation reports as follows:
(a)(i) The Corporation dismissed KPMG as its certifying accountant on
January 27, 1999.
(ii) During the past two years, the Corporation's financial statements
did not contain any adverse opinions or disclaimers of opinion, and were not
qualified or modified as to uncertainty, audit scope, or accounting principles.
(iii) The dismissal of KPMG was approved by the Corporation's audit
committee of the board of directors.
(iv) The Corporation and KPMG do not have any disagreements with regard
to any matter of accounting principles or practices, financial statement
disclosure, or auditing scope or procedure.
(v) During the Corporation's two most recent fiscal years and during
the interim period prior to the dismissal of KPMG, the Corporation did not
experience any reportable events.
(b) On January 27, 1999, the Corporation engaged BDO Seidman, LLP
("BDO") of Houston, Texas, to be the Corporation's certifying accountant.
(i) BDO reviewed the past financial statements for the Corporation in
making its determination to accept the engagement with the Corporation.
(ii) The Corporation did not have any disagreements with KPMG and
therefore did not discuss any past disagreements with BDO.
(c) Attached hereto as Exhibit 16.1 is KPMG's letter confirming the
disclosures made in this Form 8-K.
Item 7. Financial Statements and Exhibits
Exhibits
16.1 Letter of KPMG, LLP, dated ___________, 1999
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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.
Date: February 3, 1999
NEWMARK HOMES CORP.
By: /s/ Michael K. McCraw
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Michael K. McCraw, Chairman
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EXHIBIT 16.1
Letter from Former Accountants
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[To be provided by amendment]
