UNITED STATES 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 (date of earliest event reported):
September 5, 1996
COMMISSION FILE NUMBER: 0-8632
MEDICAL DYNAMICS, INC.
Exact name of Registrant as specified in its charter
Colorado 84-0631765
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
99 INVERNESS DRIVE EAST, ENGLEWOOD, CO 80112
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Address of principal executive offices Zip Code
Registrant's telephone number, including area code: 303-790-2990
Former name, former address and former fiscal year, if changed
since last report: NA
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ITEM 4: CHANGES IN REGISTRANTS CERTIFYING ACCOUNTANT.
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On September 5, 1996 the board of directors of Medical Dynamics, Inc. (the
"Registrant") approved the engagement of Hein + Associates, LLP, of Denver,
Colorado, to audit and report on the Registrant's financial statements for the
year ended September 30, 1996.
On such date, the board of directors also approved the dismissal of McGladrey &
Pullen, LLP, of Denver, Colorado as the Company's previous auditors.
The reports of McGladrey & Pullen, LLP on the Company's financial statements as
of September 30, 1995, and for the year then ended contained an explanatory
paragraph as to the ability of the Registrant to continue as a going concern.
During the Registrant's two most recent fiscal years and subsequent interim
periods preceding the dismissal of McGladrey & Pullen, LLP, there were no
disagreements with McGladrey & Pullen, LLP 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 McGladrey
and Pullen, LLP, would have caused it to make reference to the subject matter of
the disagreement in connection with its report.
The Registrant has provided the former accountant, McGladrey & Pullen, LLP, with
a copy of the foregoing disclosures. A letter, addressed to the Commission, by
the former accountants stating that it agrees with the above statements made by
the Registrant is attached hereto as an exhibit.
During the two most recent fiscal years and the subsequent interim period
preceding McGladrey & Pullen, LLP's dismissal, the Registrant was not advised by
McGladrey & Pullen, LLP that internal controls necessary for the Registrant to
develop reliable financial statements do not exist nor that information has come
to its attention that led it to no longer be able to rely on management's
representations or that has made it unwilling to be associated with the
financial statements prepared by management. The Registrant has not been advised
by McGladrey & Pullen, LLP of the need to expand significantly the scope of the
Registrant's audit, nor has the Registrant been advised that during the two most
recent fiscal years and the subsequent interim periods preceding its dismissal,
information has come to the attention of McGladrey & Pullen, LLP that if
investigated may (i) materially impact the fairness or reliability of either a
previously issued audit report or the underlying financial statements, or the
financial statements issued or to be issued covering the fiscal periods
subsequent to the date of the most recent financial statements covered by an
audit report (September 30, 1995), or (ii) cause McGladrey & Pullen, LLP to be
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unwilling to rely on management's representations or be associated with the
Registrant's financial statements.
The Registrant has not been advised by McGladrey & Pullen, LLP that information
has come to its attention that it has concluded materially impacts the fairness
or reliability of either (i) a previously issued audit report or the underlying
financial statements or (ii) the financial statements issued or to be issued
covering the fiscal periods subsequent to September 30, 1995.
No consultations occurred between the Registrant and Hein + Associates, LLP
during the two most recent fiscal years and any subsequent interim periods prior
to Hein + Associates, LLP's appointment, regarding the application of accounting
principles, the type of audit opinion, or other information considered by the
Registrant in reaching a decision as to any accounting, auditing, or financial
reporting issue.
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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
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The following exhibit is filed as part of this report.
(c) Exhibits. The following exhibit is included as part of this
report:
SEC
Exhibit Reference
Number Number Title of Document
1.01 16 Letter from McGladrey & Pullen, LLP
dated September 6, 1996.
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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 thereunto duly authorized.
Date: September 11, 1996 /s/ Van A. Horsley
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Van A. Horsley, President,
Principal Executive Officer,
and Principal Financial Officer
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McGladrey & Pullen, LLP
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Certified Public Accountants and Consultants
Securities and Exchange Commission
Washington, DC 20549
We were previously the independent accountants for Medical Dynamics, Inc. and on
November 27, 1995 we reported on the consolidated financial statements of
Medical Dynamics, Inc. and subsidiary as of and for the two years ended
September 30, 1995. On September 5, 1996 we were dismissed as independent
accounts of Medical Dynamics, Inc. We have read Medicaly Dynamics, Inc.'s
statements included under Item 4 of its Form 8-K dated September 5, 1996, and we
agree with such statements.
/S/ MC GLADREY & PULLEN, LLP
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McGladrey & Pullen, LLP
Denver, Colorado
September 6, 1996
