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): May 6, 1996
CPT HOLDINGS, INC.
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(Exact name of registrant as specified in its charter)
Minnesota 0-7462 41-0972129
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1430 Broadway, 13th Floor, New York, New York 10018
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(Address of principal executive offices) (Zip Code)
(212) 382-1313
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(Registrant's telephone number, including area code)
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(Former name or former address, if changed since last report.)
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Item 4. Change in Registrant's Certifying Accountant
On May 6, 1996, the Board of Directors of CPT Holdings, Inc. approved Deloitte &
Touche LLP as its certifying accountant for the year ending June 30, 1996. On
May 6, 1996, management informed the former accountant, Grant Thornton LLP, that
it had been dismissed. There was no adverse opinion, disclaimer of opinion or
qualifications or modifications as to uncertainty, audit scope or accounting
principles regarding the report of Grant Thornton LLP on the Registrant's
financial statements for the fiscal year ended June 30, 1995. The report of
Grant Thornton LLP on the Registrant's financial statements for the fiscal year
ended June 30, 1994 was modified with respect to uncertainty regarding the
Registrant's ability to continue as a going concern based on recurring losses
from operations experienced at the time. There were no reportable disagreements
with the former accountants on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure leading to their
dismissal. No event described in paragraph (a)(1)(v) of Item 304 of Regulation
S-K has occurred within the Company's fiscal years ending June 30, 1994, or June
30, 1995, or the period from July 1, 1995 through March 31, 1996.
Item 7. Financial Statements and Exhibits
Letter from Grant Thornton LLP to the Securities and Exchange Commission
dated May 9, 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 hereunto duly authorized.
CPT Holdings, Inc.
(Registrant)
Dated: May 9, 1996 /s/ William L. Remley
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William L. Remley
President and Treasurer
<PAGE>
May 9, 1996
Securities and Exchange Commission
450 Fifth Street NW
Washington, D.C. 20549
We have read item 4 in the attached Form 8-K dated May 6, 1996
of CPT Holdings, Inc. to be filed with the Securities and Exchange Commission
and are in agreement with the statements contained therein.
Very truly yours,
/s/ Grant Thornton LLP
Grant Thornton LLP
