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): May 20, 1997
REXEL, INC.
(Exact name of registrant as specified in its charter)
New York
(State or other jurisdiction of incorporation)
1-5731 13-1474527
(Commission File Number) (IRS Employer Identification No.)
150 Alhambra Circle, Coral Gables, Florida 33134
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (305) 446-8000
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ITEM 4. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT
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On May 20, 1997, Rexel, Inc. (the "Company") dismissed Coopers &
Lybrand LLC ("C&L") as its independent accountants. C&L's report on the
financial statements for the years ended December 31, 1996 and December 31, 1995
contained no adverse opinion or disclaimer of opinion and was not qualified or
modified as to uncertainty, audit scope or accounting principles. The decision
to change independent accountants was approved by the Audit Committee of the
Board of Directors of the Company. During the Company's two most recent fiscal
years and subsequent interim periods preceding such dismissal, there were no
disagreements with C&L on any matter of accounting principle or practices,
financial statement disclosure, or auditing scope or procedure. The Company has
requested that C&L furnish it with a letter addressed to the Securities and
Exchange Commission (the "SEC") stating whether C&L agrees with the above
statements in this paragraph. A copy of C&L's letter to the SEC will be filed
with the SEC promptly upon receipt from C&L.
On May 20, 1997, the Company engaged Deloitte & Touche LLP,
independent certified public accountants, as its independent accountants to
audit the Company's financial statements for the year ended December 31, 1997.
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SIGNATURE
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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.
REXEL, INC.
Date: May 27, 1997 By /S/ ALLAN M. GONOPOLSKY
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Allan M. Gonopolsky
Vice President and Controller
