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) October 18, 1996
Reorganized Consumat Systems, Inc.
(Exact name of registrant as specified in its charter)
Virginia
(State or other jurisdiction of incorporation)
0-9253 54-0720128
(Commission file number) (IRS Employer Identification No.)
8407 Erle Road, Mechanicsville, Virginia 23111
and
Post Office Box 9379, Richmond, Virginia 23227
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (804) 746-4120
<PAGE>
Item 4. Change in Registrant's Certifying Accountant
On October 18, 1996 the Registrant selected KPMG Peat Marwick LLP
("Peat Marwick") to serve as independent public accountants for fiscal 1996 and,
accordingly, dismissed Parham, P.C., its former independent
accountants("Parham"). The decision to engage Peat Marwick and dismiss Parham
was approved by the Board of Directors of the Registrant on October 18, 1996.
Parham's reports on the Registrant's consolidated financial statements
for the two most recent fiscal years did not contain an adverse opinion or
disclaimer of opinion, nor were they qualified or modified as to uncertainty,
audit scope or accounting principles, except that the previous fiscal year did
include an explanatory paragraph related to the implementation of fresh start
accounting as a result of the Registrant's emergence from Chapter 11 for periods
subsequent to March 12, 1996.
During the two most recent fiscal years and through October 18, 1996,
there was no disagreement with Parham regarding any matter of accounting
principles or practices, financial statement disclosure, or auditing scope or
procedure, which disagreement, if not resolved to the satisfaction of Parham,
would have caused Parham to make reference thereto in its reports.
The Registrant has requested that Parham furnish it with a letter
addressed to the Securities and Exchange Commission stating whether or not it
agrees with the above statements. A copy of such letter, dated October 25, 1996,
is filed as Exhibit 16(a) to this Current Report on Form 8-K.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
( c ) Exhibits:
16(a) Letter from Parham, P.C.
<PAGE>
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.
REORGANIZED CONSUMAT SYSTEMS, INC.
(Registrant)
/s/ Robert L. Massey
Date: October 25, 1996 -----------------------------
Robert L. Massey
Chief Executive Officer
/s/ Mark E. Hills
Date: October 25, 1996 -----------------------------
Mark E. Hills
Chief Accounting Officer
PARHAM, P.C.
A PROFESSIONAL CORPORATION
Certified Public Accountants
5801 Staples Mill Road
Richmond, Virginia 23228
804-264-1137
October 25, 1996
Securities and Exchange Commission
Washington, D.C. 20549
Ladies and Gentlemen:
We were previously independent public accountants for Reorganized Consumat
Systems, Inc. and, under the date of March 27, 1996, we reported on the
consolidated financial statements of Reorganized Consumat Systems, Inc. as of
December 31, 1995 and for the years ended December 31, 1995 and 1994. On October
18, 1996, our appointment as independent public accountants was terminated. We
have read Reorganized Consumat Systems, Inc.'s statements included under Item 4
of its Form 8-K dated October 25, 1996, and we agree with such statements,
except that we are not in a position to agree or disagree with Reorganized
Consumat Systems, Inc.'s statement that the change was approved by the audit
committee of the board of directors.
Very truly yours,
Parham, P.C.
