<PAGE> 1
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): January 10, 2001
BIOSHIELD TECHNOLOGIES, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
GEORGIA 0-24913 58-2181628
-------------------------------------------------------------------------------
(STATE OR OTHER JURISDICTION OF (COMMISSION FILE NUMBER) (I.R.S. EMPLOYER
INCORPORATION OR ORGANIZATION) IDENTIFICATION NO.)
4405 International Blvd.
NORCROSS, GEORGIA 30082
---------------------------------------- -----------
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (770) 925-4302
-------------------------------------------------------------
(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
Item 4. Changes in Registrant's Certifying Accountant
On January 10, 2001, the Registrant received a letter of resignation from the
Registrant's independent accountants, Grant Thornton, LLP, dated January 9,
2001. The Company is interviewing a replacement firm and intends to select new
independent accountants shortly.
The reports of Grant Thornton, LLP on the consolidated financial statements of
the Registrant for the fiscal years ended June 30, 2000 and 1999 did not contain
any adverse opinion or disclaimer or opinion nor were such reports qualified or
modified as to uncertainty, audit scope or accounting principles.
There were no disagreements with Grant Thornton, LLP on any matter of accounting
principles or practices, financial statement disclosure or auditing scope or
procedure during the two year period covered by their reports.
On November 14, 2000, Grant Thornton, LLP provided management with a draft
report in accordance with Statement of Auditing Standards No. 61. This report
discussed observations made during Grant Thornton, LLP's audit of the
Registrant's fiscal year ended June 30, 2000. The draft report identified a
"reportable condition" as defined by the American Institute of Certified Public
Accountants related to lapses in internal control resulting from significant
turnover of accounting personnel during the fiscal year and the corresponding
effect this turnover had on the system of internal controls. Discussions related
to these lapses in internal control had previously taken place between
<PAGE> 2
Grant Thornton, LLP and the audit committee of the Registrant on August 23,
2000. In mid December of 2000, management received a final report letter dated
November 14, 2000 identifying the same reportable condition noted in the draft.
The Registrant has furnished Grant Thornton, LLP with a copy of this report and
requested that Grant Thornton, LLP provide a letter addressed to the Securities
and Exchange Commission stating whether it agrees with the above statements. A
copy of such letter will be filed as an exhibit to an amendment to this report.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits: Letter to the Securities and Exchange Commission from
Grant Thornton LLP*
------------
* To be filed by amendment.
<PAGE> 3
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.
BIOSHIELD TECHNOLOGIES, INC.
(Registrant)
/s/ Timothy C. Moses
--------------------------------------------
Date: January 18, 2001
TIMOTHY C. MOSES
President and Chief Executive Officer
