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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of earliest event reported): February 9, 2000
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Lakota Technologies, Inc.
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(Exact name of registrant as specified in its charter)
Colorado
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(State or other jurisdiction of incorporation)
333-95021 58-2230297
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(Commission File Number) (IRS Employer Identification No.)
4828 Loop Central Drive, Suite 150, Houston, TX 77081
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(Address of principal executive offices) (Zip Code)
(713) 592-0371
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Registrant's telephone number, including area code:
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(Former name, address and telephone number)
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ITEM 1. CHANGES IN CONTROL OF REGISTRANT
Not applicable.
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
Not applicable.
ITEM 3. BANKRUPTCY OR RECEIVERSHIP
Not applicable
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
On January 18, 2000, Lakota Technologies, Inc., a Colorado corporation
("Lakota") acquired 100% of the issued and outstanding shares of common stock of
AGM, Inc., a Nevada corporation ("AGM"). Simultaneous with the transaction,
Lakota elected successor issuer status under Rule 12g-3 of the Securities
Exchange Act of 1934.
On February 9, 2000, Haskell & White LLP, Independent Certified Public
Accountants, the independent accountant previously engaged as the principal
accountant to audit the financial statements of AGM, were terminated. The
Company has elected to utilize the services of Jones Jensen & Company, LLC,
independent accountants and the principal accountant engaged by Lakota, as the
independent accountant for AGM.
The audit report of Haskell & White LLP on the financial statements of AGM
as of June 30, 1999 and December 31, 1998 and for the six months ended June 30,
1999, the period from inception, April 9, 1998, through June 30, 1999, and the
period from inception, April 9, 1998, through December 31, 1998 (the "Audit
Period") did not contain any adverse opinion or disclaimer of opinion, nor
were they qualified or modified as to audit scope or accounting principles. The
decision to change accountants was approved by the board of directors of AGM on
February 9, 2000. During the Audit Period, there were no disagreements with
the former accountant 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 the former accountant,
would have caused it to make reference to the subject matter of the
disagreements in connection with its report. AGM has provided a copy of this
disclosure to its former accountants, and AGM requested that the former
accountants furnish them with letters addressed to the Securities and
Exchange Commission stating whether they agree with the statements made by the
Registrant, and, if not, stating the respects in which they do not agree. A
copy of the former accountants' responses indicating agreement is included as
exhibits to this report.
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ITEM 5. OTHER EVENTS
Not applicable.
ITEM 6. RESIGNATIONS OF DIRECTORS AND EXECUTIVE OFFICERS
Not applicable.
ITEM 7. FINANCIAL STATEMENTS
Not applicable.
ITEM 8. CHANGE IN FISCAL YEAR
Not applicable.
EXHIBITS
16.1 Letter dated February 9, 2000, from Haskell & White LLP regarding their
concurrence with the statements made by the Registrant in this Current Report.
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 hereunto duly authorized.
Dated: February 10, 2000 LAKOTA TECHNOLOGIES, INC.
/s/ Majed Jalali
Majed Jalali, Chief Executive Officer
[HASKELL & WHITE LLP LETTERHEAD]
February 9, 2000
Securities and Exchange Commission
450 West Fifth Street, N.W.
Washington, DC 20549
Gentlemen:
We have read Item 4 of Lakota Technologies, Inc.'s Form 8-K dated February 9,
2000, and are in agreement with the statements contained in the paragraph
therein regarding our termination as auditors of AGM, Inc.
/s/ Haskell & White LLP
HASKELL & WHITE LLP
