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) December 9, 1996
Kent Financial Services, Inc.
(Exact name of registrant as specified in its charter)
Delaware 1-7986 75-1695953
(State of other (Commission (I.R.S. Employer
jurisdiction of File Number) Indentification No.)
incorporation)
376 Main Street, P.O. Box 74, Bedminster, New Jersey 07921
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (908) 234-0078
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Item 4. Changes in Registrant's Certifying Accounts
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On December 9, 1996, Kent Financial Services, Inc. (the "Company") engaged
Deloitte & Touche LLP as its certifying accountant for the 1996 fiscal year,
thereby replacing Coopers & Lybrand L.L.P. ("C&L"). The change was approved by
the Company's Board of Directors.
No report on the financial statements of the Company issued by C&L during
the last two fiscal years contained an adverse opinion or disclaimer of opinion,
or was qualified or modified as to uncertaintly, audit scope or accounting
principles, nor were there any disagreements during the last two fiscal years
through December 9, 1996, between C&L and the Company concerning any matter of
accounting principles or practices, financial statement disclosure, or auditing
scope or procedure, which disagreements if not resolved would have required C&L
to make reference to the subject matter thereof in connection with its report.
During the last two fiscal years and through December 9, 1996, none of the
events listed in items (1) through (3) of Item 304(b) of Regulation S-B have
occurred; and during such period the Company has not consulted with Deloitte &
Touche LLP regarding any matter referred to under paragraphs (i) and (ii) of
Item 304(a)(2) of Regulation S-B.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
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(c) Exhibits
16.1 Letter of Coopers & Lybrand L.L.P., independent accountants,
dated December 13, 1996 pursuant to Item 304(a)(3) of Regulation
S-B.
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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.
Dated: December 13, 1996
KENT FINANCIAL SERVICES, INC.
/s/ Mark Koscinski
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By: Mark Koscinski
Vice President
COOPERS & LYBRAND L.L.P.
Morris County Financial Center
One Sylvan Way
Parsippany, New Jersey 07054
(201) 829-9000 telephone
(201) 829-9313 facsimile
December 13, 1996
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Gentlemen:
We have read the statements made by Kent Financial Services, Inc. (copy
attached), which we understand will be filed with the Commission, pursuant to
Item 4 of Form 8-K, as part of the Company's Form 8-K report for the month of
December 1996. We agree with the statements concerning our Firm in such Form
8-K.
Very truly yours,
/s/ Coopers & Lybrand, L.L.P.
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Coopers & Lybrand, L.L.P.
Attach.