SECURITIES AND EXCHANGE COMMISSION
WASHINGTON DC 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) November 10, 2000
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Magellan Filmed Entertainment, Inc.
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Exact Name of Registrant as Specified in Charter)
Nevada 0-29011 52-2048394
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(State or other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
8756 122nd Avenue NE Kirkland, WA 98033
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (425) 827-7817
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The Storm High Performance Sound Corp.
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(Former Name or Former Address, if Changed Since Last Report)
This report describes the change in the Registrants independent accountants.
Item 4
The Registrants independent accountant accepted a full time position with a new
employer, and consequently, is discontinuing providing accountant services as a
sole practitioner. Therefore, effective November 10, 2000, the Board of
Directors accepted his resignation as the Company's accountant. The Registrant
does not have an audit or similar committee of the Board of Directors.
The Accountant's report on the financial statement of North Coast Productions,
Inc. for the year ended December 31, 1999 was modified with a "going concern
qualification" having to do with uncertainties about the ability of the Company
to continue as a going concern. North Coast became the successor Registrant in
April, 2000, as the result of a reverse merger transaction with and under the
corporate name The Storm High Performance Sound Corporation, which name was
changed to Magellan Filmed Entertainment, Inc. effective September, 2000.
There have been no disagreements with the accountant that were not resolved on
any matter of accounting principles or practices, financial statement
disclosures, or auditing scope ;or procedure.
The Board of Directors of the Registrant has approved the appointment of a new
independent accountant, Williams and Webster, effective November 14, 2000, to
audit the Registrant's financial statements. The Registrant did not consult the
newly engaged accountant in either of the two most recent fiscal years, nor in
any subsequent interim period prior to engaging the accountant.
EXHIBIT INDEX
Exhibit Description
16.1 Letter from the Registrant's resigning independent accountant, Alan
Jorgensen, CPA, to Registrant dated November 10, 2000.
16.2 Letter from the Registrant's resigning independent accountant, Alan
Jorgensen, CPA to U.S Securities and Exchange Commission dated November 17, 2000
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.
Dated November 16, 2000 Magellan Filmed Entertainment, Inc.
By: /s/ Patrick F. Charles
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Patrick F. Charles, President
Exhibit 16.1
W. Alan Jorgensen
Certified Public Accountant
720 Third Avenue, Suite 1910, Seattle WA 98104
206 521-0403 Fax 2060624-3999
November 10, 2000
Board of Directors
Magellan Filmed Entertainment, Inc.
Kirkland, WA
Re: Resignation letter
This letter is to advise you that effective November 10,2000, I am resigning as
the auditor for Magellan Filmed Entertainment, Inc., SEC file No. 1.000-29011.
With respect to Item 304 of Regulation SB you are advised that my opinion on the
Company's financial statements have been modified with a "going concern
qualification", having to do with uncertainties about the ability of the
Company to continue as a going concern. Also, there have been no disagreements
that were not resolved on any ;matter of accounting principles or practices,
financial statement disclosures, or auditing scope or procedure.
Sincerely,
s/ W. Alan Jorgensen
W. Alan Jorgensen, CPA
Exhibit 16.1
W. Alan Jorgensen
Certified Public Accountant
720 Third Avenue, Suite 1910, Seattle WA 98104
206 521-0403 Fax 2060624-3999
November 17, 2000
U.S. Securities and Exchange Commission
Washington, D.C. 20549
RE: Megellan Filmed Entertainment, Inc.,
SEC File No. 029011
I have read the 8-K dated November 16, 2000 for Magellan Filmed
Entertainment, Inc., (SEC File No. 029011) regarding my resignation as auditor.
I agree with the statements made therein.
Sincerely,
s/ W. Alan Jorgensen
W. Alan Jorgensen, CPA
