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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): August 28, 2000
Commission file number: 0-7462
CPT HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
Minnesota 41-0972129
(State or Other Jurisdiction of (IRS Employer Identification No.)
Incorporation or Organization)
680 Fifth Avenue, 8th Floor
New York, New York 10019
(212) 931-5260
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
(a) 1(i) On August 28, 2000, the registrant's independent accountants, Deloitte
& Touche LLP resigned.
1(ii) The audit opinions of Deloitte & Touche LLP ("D&T") on the
registrant's financial statements for the fiscal years ended June 30, 1998 and
1999 contained no adverse or disclaimer of opinion and were not qualified or
modified as to uncertainty, audit scope, or accounting principles. An audit of
the registrant's financial statements for the fiscal year ended June 30, 2000
has not been performed.
1(iv) There were no disagreements with the registrant's independent
accountants over matters of accounting principles or practices, financial
statement disclosures or audit scope, or procedure during the two most recently
audited fiscal year periods ended June 30, 1998 and 1999 or during the interim
periods during the fiscal year ended June 30, 2000. However, the registrant's
Form 12b-25 filing dated May 16, 2000 attributed its request for an extension of
time to file its Form 10-Q for the quarter ended March 31, 2000 to D&T's
inability to complete a review of the registrant's interim financial
information. At the request of D&T, the registrant filed an amended Form 12b-25
on June 1, 2000.
The registrant's board of directors has taken no action to appoint a new
independent auditor.
The registrant has provided D&T a copy of the foregoing disclosures and has
requested in writing that D&T furnish it with a letter addressed to the SEC
stating whether or not it agrees with such disclosures. A copy of such letter is
attached as an exhibit to this report in acordance with Item 601 of Regulation
S-K.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Exhibit 16. Letter regarding resignation of certifying accountant.
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.
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(Registrant)
Dated: September 14, 2000 /s/ William L. Remley
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William L. Remley
President & Treasurer
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Exhibit 16. Letter regarding resignation of certifying accountant
September 14, 2000
Securities and Exchange Commission
Mail Stop 9-5
450 5th Street, N.W.
Washington, DC 20549
Dear Sirs/Madams:
We have read the comments in Item 4 of the Form 8-K of CPT Holdings, Inc., dated
September 14, 2000, and agree with the comments therein, except that we have no
basis on which to agree or disagree with the comments in the second sentence of
the second paragraph and in the fourth paragraph of the Form 8-K.
Yours truly,
DELOITTE & TOUCHE
Pittsburgh, PA
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