UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
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FORM 8-K/A
CURRENT REPORT
AMENDMENT NO. 1
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) April 1, 1999
CHEFS INTERNATIONAL, INC. AND SUBSIDIARIES
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(Exact name of registrant as specified in its charter)
Delaware
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(State or other jurisdiction of incorporation)
0-8513 22-2058515
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(Commission File Number) (IRS Employer Identification Number)
62 Broadway
Point Pleasant Beach, New Jersey 08742
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(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code 732-295-0350
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CHEFS INTERNATIONAL, INC.
Item 4. Changes in Registrant's Certifying Accountant
(a)(1)(i) On April 1, 1999, by mutual agreement, Chefs International, Inc.
("CHEFS") and Moore Stephens P.C. ("Moore Stephens") agreed to the replacement
of Moore Stephens as CHEFS' independent accountants for the audit of CHEFS'
financial statements for the fiscal year ended January 31, 1999. The agreement
was reached after CHEFS was advised by the staff of the Securities and Exchange
Commission (the "Commission") that in the staff's opinion, the existence of a
relationship between a member of Moore Stephens and an entity which held a
direct or indirect interest in CHEFS' securities adversely impacted Moore
Stephens' independence with respect to CHEFS. The staff further advised that for
this reason, CHEFS' financial statements for the three years ended January 25,
1998 contained in its annual report on Form 10-K for the year ended January 25,
1998 are considered by the staff to be unaudited. Moore Stephens has advised
that it disagrees with the staff's position and believes that it was at all
times independent with respect to the CHEFS' audits. Excluding the above issue,
the staff has not alleged any inaccuracies in CHEFS' financial statements.
(ii) Moore Stephens' report with respect to CHEFS' financial
statements for the two fiscal years ended January 25, 1998 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.
(iii) The agreement to replace Moore Stephens and to retain a new
principal independent accounting firm was approved by CHEFS' audit committee and
by its board of directors.
(iv) During the two most recent fiscal years ended January 25, 1998,
there were no disagreements between CHEFS and Moore Stephens on any matter of
accounting principles or practices, financial statement disclosure, or auditing
scope or procedure, which disagreement, if not resolved to the satisfaction of
Moore Stephens, would have caused it to make a reference to the subject matter
of the disagreement in connection with its report.
(v) CHEFS' management is unaware of the occurrence during its two
fiscal years ended January 25, 1998 or during its fiscal year ended January 31,
1999 of any of the kinds of events described in subparagraph (A) through (D) of
Item 304(a)(1)(v) of Regulation S-K as promulgated by the Commission.
(2) On April 1, 1999, CHEFS engaged the certified public accounting
firm of Edward Isaacs & Company LLP ("Edward Isaacs LLP") to serve as its
principal independent accounting firm to audit its financial statements for the
year ended January 31, 1999 and if necessary, to reaudit its financial
statements for the year ended January 25, 1998. Prior to the engagement of
Edward Isaacs LLP, CHEFS did not consult with such firm on any accounting,
auditing or financial reporting issue.
Edward Isaacs LLP has been furnished with a copy of this report by
CHEFS and has been requested to review the disclosure contained herein and to
furnish CHEFS with a letter addressed to the Commission containing any new
information, clarification of CHEFS' expression of its views or the respects in
which it does not agree with the statements made by CHEFS in response to Item
304(a) of Regulation S-K. Edward Isaacs LLP has advised CHEFS that after review
of this report, it does not believe that such a letter is required.
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(3) Moore Stephens has been furnished with a copy of this report by
CHEFS and has been requested to furnish CHEFS with a letter addressed to the
Commission stating whether it agrees with the statements made by CHEFS in
response to Item 304(a) of Regulation S-K and, if not, stating the respects in
which it does not agree.
Item 7. Financial Statements and Exhibits
(c) Exhibits - April 6, 1999 letter of Moore Stephens, P.C. regarding
statements in this Form 8-K concerning such firm.
SIGNATURES
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.
CHEFS INTERNATIONAL, INC.
(Registrant)
Dated: April 12, 1999
By /s/Anthony Papalia
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Anthony Papalia, President
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MOORE STEPHENS, P.C.
CERTIFIED PUBLIC ACCOUNTANTS
April 6, 1999
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Gentlemen:
We have read the statements made by Chefs International, Inc. and
Subsidiaries, which we understand will be filed with the Commission, pursuant to
Item 4 of Form 8-K, as part of the Company's Form 8-K report dated April 1,
1999. We agree with the statements concerning our Firm in such Form 8-K.
Very truly yours,
/s/Moore Stephens P.C.
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MOORE STEPHENS, P.C.
MS:las
An independently owned and operated member MS of Moore Stephens North America,
Inc. a member of Moore Stephens International Limited member in principal cities
throughout the world
CRANFORD OFFICE 340 NORTH AVENUE, CRANFORD, N.J. 07010-2496 TELEPHONE 908
272-7000 FAX 908 272-7101
Member of the American Institute of Certified Public Accountants SEC and Private
Companies Practice Sections
