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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): JULY 19, 1994
COMMISSION FILE NUMBER 0-511
COBRA ELECTRONICS CORPORATION
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 36-2479991
(STATE OF INCORPORATION) (I.R.S. EMPLOYER IDENTIFICATION NO.)
6500 WEST CORTLAND STREET
CHICAGO, ILLINOIS 60635
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (312) 889-8870
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ITEM 4. Changes in Registrant's Certifying Accountant.
(a) As a result of a bidding process to select an auditor for
fiscal year 1994, on July 19, 1994, the Registrant's Board of
Directors informed Arthur Andersen & Co., the Registrant's
independent accountants for fiscal year 1993, of the Board's
decision to not retain Arthur Andersen & Co. for fiscal year 1994.
The decision to change independent accountants was recommended to
the Board of Directors by its Audit and Finance Committee. The
Registrant expects to finalize the engagement of new independent
accountants for fiscal year 1994 within the next several weeks.
(b) Arthur Andersen & Co.'s report on the Registrant's financial
statements for the past two years contained no adverse opinion
or disclaimer of opinion, and was not qualified or modified
as to uncertainty, audit scope, or accounting principles.
(c) There were no disagreements with Arthur Andersen & Co. on any
matter of accounting principles or practices, financial statement
disclosure, or auditing scope or procedure during the two most
recent fiscal years ended December 31, 1993 and 1992, and the
interim period subsequent to January 1, 1994 through July 19, 1994.
(d) The Registrant requested Arthur Andersen & Co. to furnish it
with a letter addressed to the Securities and Exchange Commission
stating whether it agrees with the above statements and, if not,
stating the respects in which it does not agree. The Registrant
will file by amendment, as an exhibit to this Form 8-K report,
a copy of such letter promptly after it is received.
ITEM 7. Financial Statements, Pro Forma Financial Information
and Exhibits.
Exhibit No. Description
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16 Letter from Arthur Andersen & Co. (to be
filed by amendment).
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.
COBRA ELECTRONICS CORPORATION
Dated: July 26, 1994 By /s/ Gerald M. Laures
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Gerald M. Laures
Vice President - Finance, and
Corporate Secretary
(Chief Financial and Accounting Officer)
