THERMOELASTIC TECHNOLOGIES INC /CO/
8-K, 2001-01-04
BLANK CHECKS
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                                  UNITED 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): December 20, 2000

                        Commission File Number: 000-25107
                                                ---------

                        THERMOELASTIC TECHNOLOGIES, INC.
             (Exact name of Registrant as specified in its charter)

           Colorado                                  84-1316284
           --------                                  ----------
(State or other jurisdiction of                 (IRS Employer
 incorporation or organization)                 Identification Number)

                     5446 Canvasback Road, Blaine, WA 98230
                     --------------------------------------
               (Address of principal executive offices) (Zip Code)

Company's telephone number, including area code: (360) 371-5061
                                                 --------------


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<PAGE>

ITEM 4. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT

(a) On December 20, 2000, ThermoElastic Technologies, Inc. (the "Company")
engaged Moffitt and Company, PC ("Moffitt") as its independent auditors for the
fiscal year ended September 30, 2000, to replace the firm of Meeks, Dorman &
Company, PA ("Meeks"), who were dismissed as the independent auditors of the
Company effective on such date. The decision to change independent auditors was
approved by the Company's Board of Directors.

The reports of Meeks on the Company's financial statements for the year ended
September 30, 1999 did not contain an adverse opinion or a disclaimer of opinion
and were not qualified or modified as to uncertainty, audit scope or accounting
principles.

In connection with the audit of the Company's financial statements for the year
ended September 30, 2000, and in the subsequent interim period through December
20, 2000, there were no disagreements ("Disagreements") as defined in Item 304
(a)(1)(iv) and the instructions to Item 304 of Regulation S-K, as amended,
promulgated by the Securities and Exchange Commission ("Regulation S-K") with
Meeks on any matters of accounting principles or practices, financial statement
disclosure, or auditing scope and procedure which, if not resolved to the
satisfaction of Meeks, would have caused Meeks to make reference to the matter
in its reports. In addition, during the year ended September 30, 2000 and in the
subsequent interim period ended December 20, 2000, there were no reportable
events ("Reportable Events") as defined in Item 304 (a)(1)(v) of Regulation S-K.
The Company has requested that Meeks furnish it with a letter addressed to the
Securities and Exchange Commission, stating whether it agrees with the above
statements.

(b) On December 20, 2000, the Company engaged Moffitt and Company, PC as its
independent auditors for the fiscal year ended September 30, 2000. At no time
preceding December 20, 2000 has the Company (or anyone on behalf of the Company)
consulted with Moffitt on matters regarding (i) the application of accounting
principles to a specified transaction, either completed or proposed, or the type
of audit opinion that might be rendered on the Company's financial statements,
or (ii) any matter that was the subject of a Disagreement with Meeks or a
Reportable Event.

Item 7. FINANCIAL STATEMENTS AND EXHIBITS

(a)   Not applicable.

(b)   Not applicable.

(c)   Not applicable.

                                    SIGNATURE

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.

                                        THERMOELASTIC TECHNOLOGIES, INC.


Date: December 29, 2000                 By: /s/ Kenneth B. Liebscher
                                            ------------------------------------
                                            Kenneth B. Liebscher, President


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