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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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) June 26, 2000
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COMPOSITE SOLUTIONS, INC.
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(Exact name of registrant as specified in its charter)
FLORIDA 000-24551 65-0790758
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
3655 NOBEL DRIVE, SAN DIEGO, CA 92122
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 858-459-4843
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(Former name or former address, if changed since last report)
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FORM 8-K
COMPOSITE SOLUTIONS, INC.
JUNE 26, 2000
ITEM 1. CHANGES IN CONTROL OF REGISTRANT.
Not Applicable
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
Not Applicable
ITEM 3. BANKRUPTCY OR RECEIVERSHIP.
Not Applicable
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
On June 23, 2000, the Company was advised by Durland & Company, CPAs of
Palm Beach Florida ("Durland") and the Company's independent accounting firm
that Durland would not stand for re-election, effective immediately. During
the Company's two most recent fiscal years and the subsequent interim periods
up to the date of declining to stand for re-election, there were no
disagreements on any matters of the accounting principles or practices,
financial statement disclosure, or auditing scope or procedure which, if not
resolved to the satisfaction of Durland, would have caused Durland to make
reference to the matter in its report. Durland's report on the Company's
financial statements for each period for which it performed an audit of the
Company's financial statements contained no adverse opinion or disclaimer of
opinion, nor was modified or qualified as to uncertainty, audit scope, or
accounting principles. The acceptance of Durland's decision to not stand for
re-election was approved by the Board of Directors of the Company.
On June 23, 2000, Peterson and Company of San Diego, California was engaged as
the principal accountant to audit the Company's financial statements, but has
not yet provided consultation on accounting matters. The engagement of Peterson
and Company was approved by the Board of Directors of the Company.
The Company has requested Durland to furnish it with a letter addressed to the
Securities and Exchange Commission stating whether it agrees with the above
statements. A copy of that letter, dated June 23, 2000 is filed as Exhibit 1 to
this Form 8-K.
ITEM 5. OTHER EVENTS
Not Applicable
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FORM 8-K
COMPOSITE SOLUTIONS, INC.
JUNE 26, 2000
ITEM 6. RESIGNATION OF REGISTRANT'S DIRECTORS.
Not Applicable
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
Not Applicable
ITEM 8. CHANGE IN FISCAL YEAR.
Not Applicable
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FORM 8-K
COMPOSITE SOLUTIONS, INC.
COMPOSITE SOLUTIONS, INC.
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(Registrant)
Date: June 26, 2000
By: /s/ GILBERT A. HEGEMIER
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Gilbert A. Hegemier, President and CEO
