UNTIED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
AMENDMENT NO. 1
TO
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 24, 1999
Commission file number 1-1363
Envirosource, Inc.
(Exact name of Registrant as specified in its charter)
Delaware 34-0617390
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
1155 Business Center Drive, Horsham, Pennsylvania 19044-3454
(Address of principal executive offices) (Zip Code)
(215) 956-5500
(Registrant's telephone number, including area code)
<PAGE>
Item 4. Changes in Registrant's Certifying Accountant
On September 24, 1999, the Executive Committee of the Board of Directors of
Envirosource, Inc. (the "Company") dismissed Ernst & Young LLP ("E&Y") as the
Company's independent accounting firm, and appointed Grant Thornton LLP ("Grant
Thornton") to replace E&Y. Accordingly, Grant Thornton will examine the
financial statements of the Company and its subsidiaries for the fiscal year
ending December 31, 1999. The decision to change independent accountants had
been recommended by the Audit Committee of the Company's Board of Directors.
E&Y's audit report on the Company's financial statements for the two years ended
December 31, 1998 contained no adverse opinion or disclaimer of opinion, nor was
it qualified or modified as to uncertainty, audit scope, or accounting
principles.
During the two fiscal years ended December 31, 1998, and subsequent interim
periods up through September 24, 1999, the date of E&Y's dismissal, there were
no disagreements with E&Y 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 E&Y, would have caused
them to make reference in connection with their opinion to the subject matter of
the disagreement.
Prior to September 24, 1999, the Company did not consult with Grant Thornton
regarding the application of accounting principles to any transactions, either
completed or proposed, or the type of audit opinion that might be rendered by
Grant Thornton for the year ended December 31, 1999.
Item 7. Financial Statements and Exhibits
c. Exhibits
16. Letter re: change in certifying accountant
<PAGE>
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.
Dated: October 12, 1999
ENVIROSOURCE, INC.
By: /s/ John C. Heenan
------------------
John C. Heenan
Senior Vice President and
Chief Financial Officer
October 8, 1999
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Dear Sirs/Madams:
We have read Item 4 of Form 8-K/A Amendment No. 1, dated September 24, 1999, of
Envirosource, Inc. and are in agreement with the statements contained in the
second and third paragraphs on page 2 therein. We have no basis to agree or
disagree with other statements of the registrant contained therein.
/s/ Ernst & Young LLP
