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UNTIED STATES 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):
February 23, 2000
Commission file number 333-61433
Epic Resorts, LLC.
(Exact name of Registrant as specified in its charter)
Delaware 23-2888968
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
1150 First Avenue, Suite 900, King of Prussia, PA 19406
(Address of principal executive offices) (Zip Code)
(610) 992-0100
(Registrant's telephone number, including area code)
Item 4. Changes in Registrant's Certifying Accountant
On February 23, 2000, the President of Epic Resorts, LLC (the "Company")
dismissed Arthur Andersen LLP ("AA") as the Company's independent accounting
firm, and appointed Grant Thornton LLP ("Grant Thornton") to replace AA. The
decision to change independent accountants had been recommended and approved by
the Managers of the Company. Accordingly, Grant Thornton will examine the
financial statements of the Company and its subsidiaries for the fiscal year
ending December 31, 1999.
AA's audit report on the Company's consolidated financial statements for the
years ended December 31, 1997 and 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, 1997 and December 31, 1998, and
subsequent interim periods up through September 30, 1999 there were no
disagreements with AA on any material matters of accounting principles or
practices, financial statement disclosure, or auditing scope or procedures.
In the late fourth quarter of 1999, shortly before the close of the fiscal year,
the Company concluded a receivables securitization. Discussions were held
between the Company and AA regarding SFAS No. 125 and the accounting for this
transaction. There had also been discussions between the Company and AA
regarding proposed accounting changes within the industry and the revenue
recognition of certain travel programs. These matters remained unresolved at the
time of AA's termination.
Prior to February 23, 2000, the Company did not consult with Grant Thornton
regarding the application of accounting principles to any transactions or the
type of audit opinion that might be rendered by Grant Thornton for the year
ended December 31, 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.
Dated: March 2, 2000
Epic Resorts, LLC.
By: /s/ Scott J. Egelkamp
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Scott J. Egelkamp
Treasurer and Chief Financial Officer
Duly Authorized Principal
Financial Officer
