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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
November 27, 2000
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(Date of Report - date of earliest event reported)
Commission file number: 000-25397
VIRTUAL TECHNOLOGY CORPORATION
(Exact name of registrant as specified in its charter)
Minnesota 000-25397 41-1639011
(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification No.)
6690 Shady Oak Road
Eden Prairie, Minnesota 55344
(Address of Principal Executive Offices)
(952) 259-4700
(Registrant's Telephone Number, Including Area Code)
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ITEMS 1 THROUGH 3 AND ITEMS 5, 6, 8, AND 9 ARE NOT APPLICABLE AND ARE THEREFORE
OMITTED.
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
(a) PREVIOUS INDEPENDENT ACCOUNTANTS.
(i) On November 27, 2000, PricewaterhouseCoopers LLP resigned as
the independent accountants of Virtual Technology Corporation.
Such firm audited the Registrant's financial statements only
for the fiscal year ended January 31, 2000.
(ii) The report of PricewaterhouseCoopers LLP on the financial
statements for the fiscal year ended January 31, 2000
contained no adverse opinion or disclaimer of opinion and was
not qualified or modified as to uncertainty, audit scope or
accounting principle, except that such report was modified to
express substantial doubt as to Virtual Technology
Corporation's ability to continue as a going concern.
(iii) In connection with its audit for the fiscal year ended January
31, 2000 and through November 27, 2000, there have been no
disagreements with PricewaterhouseCoopers LLP 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
PricewaterhouseCoopers LLP, would have caused them to make
reference thereto in their report on the financial statements
for such fiscal years.
(iv) During the fiscal year ended January 31, 2000 and through
November 27, 2000, there have been no reportable events (as
defined in Regulation S-K Item 304(a)(1)(v)).
(v) The Registrant has requested that PricewaterhouseCoopers LLP
furnish it with a letter addressed to the SEC stating whether
or not it agrees with the above statements. A copy of such
letter, dated November 30, 2000, is filed as Exhibit 16 to
this Form 8-K.
(b) NEW INDEPENDENT ACCOUNTANTS.
The Registrant engaged Lurie, Besikof, Lapidus & Co., LLP as its new
independent accountants as of November 30, 2000. There have been no reportable
events with respect to this new engagement as defined in Regulation S-K Item
304(a)(2).
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ITEM 7. EXHIBITS AND FINANCIAL STATEMENTS
(c) Exhibits:
16. Letter dated November 30, 2000 from PricewaterhouseCoopers LLP.
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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 thereunto duly authorized.
Virtual Technology Corporation
By /s/ John L. Harvatine
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John L. Harvatine, Chief Financial Officer
Dated: December 4, 2000.
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