<PAGE>
================================================================================
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 31, 1999
iPARTY CORP.
(Exact Name of Registrant as Specified in Charter)
Delaware 7373 13-4012236
- ---------------------------- ------------------------ ----------------
(State or Other Jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation) Identification No.)
41 East 11th Street, 11th Floor, New York, NY 10003
---------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (212) 331-1114
-----------------
- --------------------------------------------------------------------------------
<PAGE>
Item 4. Changes in Registrant's Certifying Accountant
On December 31, 1999, the management of iParty Corp. (the "Company")
dismissed Richard A. Eisner & Company, LLP ("Richard Eisner") as its independent
auditors. On January 5, 2000, the management of the Company engaged Arthur
Anderson & Co. ("Arthur Anderson") as its independent public accountants to
audit its financial statements for the fiscal year ending December 31, 1999. The
decision to dismiss Richard Eisner and to retain Arthur Anderson was recommended
by the Company's audit committee and approved by its Board of Directors.
The report of Richard Eisner on the Company's financial statements for
the year ended December 31, 1998 and subsequent interim periods did not contain
an adverse opinion or a disclaimer of opinion, and was not qualified or modified
as to uncertainty, audit scope or accounting principles. During that period,
there were no (i) disagreements between Richard Eisner and the Company 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 Richard Eisner, would have caused it to make a reference to the
subject matter of the disagreement in connection with its reports on the
Company's financial statements, or (ii) "reportable events" within the meaning
of Item 304(a)(1)(v) of Regulation S-K promulgated under the Securities Act of
1933, as amended.
On January 5, 2000, the Company engaged Arthur Anderson to serve as its
principal independent accounting firm to audit its financial statements for the
year ended December 31, 1999. Prior to the engagement of Arthur Anderson, the
Company did not consult with such firm on any accounting, auditing or financial
reporting issue.
The Company has furnished Richard Eisner with a copy of this report and
has requested it to furnish a letter addressed to the Securities and Exchange
Commission stating whether Richard Eisner agrees with the above statements. A
copy of this letter is attached as Exhibit 16.1 to this Form 8-K.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) and (b) - Not Applicable
(c) Exhibits
16.1 Letter from Richard A. Eisner & Company, LLP.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report on Form 8-K to be signed on its
behalf by the undersigned hereunto duly authorized.
iPARTY CORP.
Dated: January 18, 2000 By: /s/ Sal Perisano
------------------
Sal Perisano
Chief Executive Officer
January 18, 2000 By: /s/ Patrick Farrell
-------------------
Patrick Farrell
Chief Financial Officer
<PAGE>
EXHIBIT INDEX
Exhibit Number Description
- -------------- -----------
16.1 Letter from Richard A. Eisner & Company, LLP
<PAGE>
EXHIBIT 16.1
December 31, 1999
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Ladies/Gentlemen:
We have read Item 4 of Form 8-K dated December 31, 1999, of iParty
Corp. (the "Registrant") and are in agreement with the statements contained in
(i) the first sentence of the first paragraph in so far as it refers to us and
(ii) the second paragraph on page 2 therein. We have no basis to agree or
disagree with other statements of the Registrant contained therein.
Very truly yours,
/s/ Richard A. Eisner & Company, LLP
