SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
Date of Report (Date of earliest event reported): October 14, 1999
ABRAMS INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
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Georgia Commission File Number 58-0522129
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(State of Incorporation) 0-10146 (I.R.S. Employer Identification No.)
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1945 The Exchange, Suite 300, Atlanta, Georgia 30339
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(Address of principal executive offices, including zip code)
(770) 953-0304
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(Registrant's telephone number, including area code)
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INFORMATION TO BE INCLUDED IN THE REPORT
Items 1, 2, 3, 5, 6, and 8 are not applicable and are omitted from this report.
Item 4. Changes in Registrant's Certifying Accountant.
The registrant has engaged PricewaterhouseCoopers LLP as its principal
accountants to replace its former principal accountants, KPMG LLP. The change
was made effective October 14, 1999. The decision to change accountants was
approved by the Audit Committee of the registrant. Neither of the reports of the
former principal accountants on the financial statements of the registrant for
the past two years contained an adverse opinion or disclaimer of opinion, nor
was either qualified or modified as to uncertainty, audit scope, or accounting
principles.
During the two most recent fiscal years of the registrant and the subsequent
interim period through October 14, 1999, there were no disagreements with the
former accountants 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 accountants,
would have caused them to make reference to the subject matter of the
disagreements in connection with their report.
During the registrant's two most recent fiscal years and the subsequent interim
period, the registrant has not consulted PricewaterhouseCoopers LLP regarding
any matter requiring disclosure under Regulation S-K, Item 304(a)(2). The
registrant has provided KPMG LLP with a copy of this disclosure and has
requested that KPMG LLP furnish it with a letter addressed to the SEC stating
whether it agrees with the above statements. A copy of KPMG's letter to the SEC
dated October 20, 1999, is filed as Exhibit 16 to this report on Form 8-K.
Item 7. Financial Statements and Exhibits
(a) Financial Statements of Businesses Acquired.
Not Applicable.
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(b) Pro Forma Financial Information
Not Applicable
(c) Exhibits
Number Description
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16 Letter from KPMG LLP
SIGNATURES
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.
ABRAMS INDUSTRIES, INC.
/s/ Melinda S. Garrett
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Melinda S. Garrett
Chief Financial Officer
Date: October 20, 1999
October 20, 1999
Securities and Exchange Commission
Washington, D.C. 20549
Ladies and Gentlemen:
We were previously principal accountants for Abrams Industries, Inc. (the
"Company") and, under the date of June 4, 1999, we reported on the consolidated
financial statements of Abrams Industries, Inc. and subsidiaries as of April 30,
1999 and 1998 and for the years then ended. On October 14, 1999, our appointment
as principal accountants was terminated. We have read the Company's statements
included under Item 4 of its Form 8-K dated October 20, 1999, and we agree with
such statements, except that we are not in a position to agree or disagree with
the Company's statement that the change was approved by the audit committee of
the board of directors or that PricewaterhouseCoopers LLP was not engaged
regarding any matter requiring disclosure under Regulation S-K, Item 304(a)(2).
Very truly yours,
/s/ KPMG LLP
KPMG LLP
