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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): April 2, 1998
THE DELTONA CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 1-4719 59-0997584
(State or other jurisdiction of (Commission file Number) (I.R.S. Employer
incorporation) Identification Number)
999 BRICKELL AVENUE, SUITE 700
MIAMI, FLORIDA 33131
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (305) 579-0999
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
On April 2, 1998, following the completion of the audit of the registrant's
financial statements for the year ending December 31, 1997, the Company informed
Deloitte & Touche LLP that it was going to propose to the stockholders at its
1998 Annual Meeting that a different firm audit the registrant's financial
statements for the year ending December 31, 1998 and, therefore, their services
were no longer required. On the same date, the firm of James Moore & Co., P.L.
was notified by the Company that their firm had been selected, subject to
approval by the stockholders at the Company's 1998 Annual Meeting, to serve as
the Company's auditors for the fiscal year ending December 31, 1998. The Company
has not previously consulted with James Moore & Co., P.L. concerning any matter
relating to the application of accounting principles to a specified transaction,
the type of audit opinion which might be rendered on the registrant's financial
statements, nor any issue relating to any event which is reportable by the
Company.
The Company's decision to change principal accountants is a direct result
of the Company's plans to relocate its Administration and Marketing office to
its new TimberWalk community, located in Marion County, Florida, as well as
economic considerations. The decision was approved by the Company's Audit
Committee and its Board of Directors and is subject to the approval of the
stockholders at the Company's 1998 Annual Meeting to be held May 19, 1998.
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During the Company's two most recent fiscal years and during the interim
period ending March 31, 1998, there have been no disagreements with Deloitte &
Touche on any matter of accounting principles or practices, financial statement
disclosures, or auditing scope or procedure, which would have caused Deloitte &
Touche to make reference to the subject matter of the disagreement in connection
with its report.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
Attached hereto as Exhibits 16 and 16(a), respectively, are letters from
Deloitte & Touche LLP and James Moore & Co. P.L. to the Securities and Exchange
Commission stating that they agree with the Company's statements contained above
in response to Item 304(a).
Exhibit
Number Exhibits Page
16 Letter from Deloitte & Touche LLP dated April 6, 1998
agreeing with the Company's statements contained in the
Form 8K dated April 2, 1998
16(a) Letter from James Moore & Co., P.L. dated April 2, 1998
agreeing with the Company's statements contained in the
Form 8K dated April 2, 1998
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.
THE DELTONA CORPORATION
(Registrant)
Date: April 2, 1998 /s/ Donald O. McNelley
Donald O. McNelley, Treasurer
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Deloitte & Touche LLP
Certified Public Accountants
Suite 2500
100 Southeast Second Street
Miami, Florida 33131-2135
Telephone: (305) 358-4141
Facsimile: (305) 372-3160
April 6, 1998
Securities and Exchange Commission
Mail Stop 9-5
450 5th Street, N.W.
Washington, DC 20549
Dear Sirs/Madams:
We have read and agree with the comments in Item 4 of Form 8-K of the Deltona
Corporation dated April 2, 1998.
Very truly yours,
/S/Deloitte & Touche LLP
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DELOITTE & TOUCHE LLP
JAMES MOORE & CO., P.L.
CERTIFIED PUBLIC ACCOUNTANTS
Securities and Exchange Commission
Washington, DC 20549
Gentlemen:
We have read Item 4 of the Current Report on Form 8-K of The Deltona
Corporation for April 2, 1998, and we agree with the statements contained
therein insofar as they relate to our firm.
Very truly yours,
/S/James Moore & Co.
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James Moore & Co., P.L.
Certified Public Accounts
Gainesville, Florida
April 2, 1998
