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: November 3. 1995
CHAMPION PARTS, INC.
(Exact name of Registrant as specified in its Charter)
Illinois 1-7807 36-2088911
(State or other (Commission File Number) (IRS Employer Identifi-
jurisdiction of cation No.)
incorporation)
2525 22nd Street, Oak Brook, Illinois 60521
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (708) 573-6600
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Item 4. Changes in Registrant's Certifying Accountant.
On November 1, 1995 the Company's Board of Directors, on the
recommendation of the Audit Committee, dismissed Arthur Andersen
LLP as the Company's independent public accounting firm.
Arthur Andersen LLP issued an unqualified report on the
Company's financial statements for the fiscal year ended January
2, 1994. For the fiscal year ended January 1, 1995, they issued
an unqualified report with an explanatory fourth paragraph
indicating a substantial doubt as to the Company's ability to
continue as a going concern. During the fiscal years ended
January 2, 1994 and January 1, 1995 and to the current date, the
Company has had no disagreements with Arthur Andersen LLP on any
matters of accounting principles or practices, financial
statement disclosures, or audit scope or procedures.
On November 1, 1995, the Company's Board of Directors, on the
recommendation of the Audit Committee, appointed BDO Seidman LLP
as the Company's independent public accountants for the new
fiscal year. The Registrant has not engaged BDO Seidman LLP for
the fiscal years ended January 2, 1994 and January 1, 1995 and
up to the date of their appointment to provide consulting on the
application of accounting principles to a specified
transaction(s), or for an audit opinion, or for written or oral
advice that could be considered an important factor in the
Registrant reaching a decision as to an accounting, auditing or
financial reporting issue.
Item 7. Financial Statements and Exhibits.
(c). Exhibits
1. Letter from Arthur Andersen LLP dated November 3, 1995
regarding their dismissal.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has caused this report to be signed on its
behalf by the undersigned thereunto duly authorized.
CHAMPION PARTS, INC.
____/s/ Mark Smetana________
Mark Smetana
Vice President - Finance and
Corporate Secretary
Dated: ___November 3, 1995___
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Securities and Exchange Commission:
We have read the first and second paragraphs of Item 4 included
in the attached Form 8-K dated November 3, 1995, of Champion
Parts, Inc. filed with the Securities and Exchange Commission
and are in agreement with the statements contained therein.
ARTHUR ANDERSEN LLP
Chicago, Illinois,
November 3, 1995
