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 Report (Date of earliest event reported): July 26, 1999
Dispatch Management Services Corp.
(Exact name of registrant specified in Charter)
Delaware 0-23349 13-3967426
(State or other (Commission (IRS Employee
jurisdiction of File Number) Identification No.)
incorporation)
1981 Marcus Avenue, Suite C131, Lake Success, New York 11042
(Address of principal executive offices) Zip Code
Registrant's telephone, including area code: (516) 326-9810
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(Former name and former address, if changed since last report)
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Item 4. Changes in Registrant's Certifying Accountants
(a) On July 26, 1999, Dispatch Management Services Corp. (the "Company")
advised its independent accountants, PricewaterhouseCoopers LLP ("PwC"),
that the Company's Board of Directors, acting on the recommendation of its
Audit Committee, had determined to dismiss PwC. The reports of PwC on the
Company's financial statements as of December 31, 1998 and 1997 and for the
fiscal year ending December 31, 1998 and the period from November 12, 1996
(inception) through December 31, 1997 did not contain any adverse opinion
or a disclaimer of opinion and were not qualified or modified as to
uncertainty, audit scope or accounting principals. During the 1997 period
and the 1998 fiscal year and the period since the end of the 1998 fiscal
year, there were no disagreements between the Company and PwC 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 PwC, would have caused it to make a reference to the
subject matter of the disagreements in connection with its report. In
addition, during the 1997 period and the 1998 fiscal year and the period
since the end of the 1998 fiscal year, there were no "reportable events"
within the meaning of Item 304 of the Securities and Exchange Commission's
Regulation S-K.
(b) On July 26, 1999, the Company retained the accounting firm of Deloitte &
Touche to audit the financial statements of the Company for the 1999
fiscal year. The Company has authorized PwC to respond fully to any
inquiries from Deloitte & Touche and to make its work papers available to
Deloitte & Touche.
Item 7. Financial Statements and Exhibits
(c) The following exhibit is filed with this report:
16.1 Letter regarding change in certifying accountant.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.
DISPATCH MANAGEMENT SERVICES CORP.
By: /s/ Marko Bogoievski
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Name: Marko Bogoievski
Title: Chief Financial Officer
Dated: July 29, 1999
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Exhibit Index
Exhibit No. Exhibit
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16.1 Letter regarding change in certifying accountant.
Exhibit 16.1
July 28, 1999
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Gentlemen:
We have read the statements made by Dispatch Management Services Corp. (copy
attached), which we understand will be filed with the Commission pursuant to
Item 4 of Form 8-K, as part of the Company's Form 8-K report dated July 26,
1999. We agree with the statements concerning our Firm in such Form 8-K.
Very truly yours,
/s/ PricewaterhouseCoopers LLP
