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
Date of Report (Date of earliest event reported) December 4, 1996
CONCORD FABRICS INC.
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(Exact name of registrant as specified in charter)
Delaware
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(State or other jurisdiction of incorporation)
I-5960
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(Commission File No.)
13-5673758
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(IRS Employer Identification No.
1359 Broadway, New York, New York 10018
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (212) 760-0300
Not Applicable
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(Former name or former address, if changed since last report)
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Item 4. Changes in Registrant's Certifying Accountant.
In accordance with Item 304 of Regulation S-K, the following information
pertains to the change in Registrant's Certifying Accountant.
(i) Arthur Andersen LLP ("Andersen") has been appointed as the Registrant's
certified public accountants to replace Eisner & Lubin LLP ("Eisner") who has
been dismissed, effective December 4, 1996.
(ii) Eisner did not qualify or modify their audit opinion for any of the
past two years as to uncertainty, audit scope or accounting principles.
(iii) The decision to change accountants was approved by the Board of
Directors of the Registrant.
(iv) There were no disagreements with Eisner on any matter of accounting
principles or practices, financial statement disclosure, or auditing scope or
procedure in any of the two most recent fiscal years or in the period between
September 2, 1996 and December 4, 1996.
(v) None of the kinds of events listed in (A) through (D) of Item
304(a)(1)(v) of Regulation S-K occurred during either of the Registrant's two
most recent fiscal years or the period from September 2, 1996 to December 4,
1996.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits.
16. Letter to the Securities and Exchange Commission dated December 6,
1996 from Eisner & Lubin LLP.
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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.
CONCORD FABRICS INC.
By: /s/ Earl Kramer
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Earl Kramer,
President and Chief Executive Officer
Date: December 5, 1996
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EXHIBIT 16
December 6, 1996
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Concord Fabrics Inc.
File Reference No. I-5960
Gentlemen:
We were previously the principal accountants for Concord Fabrics Inc. and,
under the date of November 13, 1996, we reported on the consolidated financial
statements of Concord Fabrics Inc. and subsidiaries as at and for the years
ended September 1, 1996 and September 3, 1995. On December 4, 1996, our
appointment as principal accountants was terminated. We have read Concord
Fabrics Inc.'s statements included under Item 4 of its Form 8-K dated
December 6, 1996 and we agree with such statements.
Very truly yours,
/s/ EISNER & LUBIN LLP
Certified Public Accountants
