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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
JANUARY 14, 1998
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED):
EXCO RESOURCES, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
STATE OF TEXAS 0-9204 74-1492779
(STATE OF INCORPORATION) (COMMISSION FILE NO.) (IRS EMPLOYER IDENTIFICATION NO.)
5735 PINELAND DRIVE
SUITE 235
DALLAS, TEXAS 75231
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (214) 368-2084
NO CHANGE
(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
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ITEM 4. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT.
On January 14, 1998, the Registrant dismissed Belew Averitt LLP
("Belew") as its independent accountant and on January 14, 1998 the Registrant
retained Ernst & Young LLP ("E&Y") as its independent accountant.
Belew's reports on the Registrant's financial statements for the
fiscal year ended December 31, 1996, the nine months ended December 31, 1995
and fiscal year ended March 31, 1995 did not contain an adverse opinion or
disclaimer of opinion, nor were they qualified or modified as to uncertainty,
audit scope or accounting principles.
The decision to engage E&Y as set forth above and to dismiss Belew was
approved by the Board of Directors of the Registrant.
In connection with the audits of the financial statements of the
Registrant for the fiscal year ended December 31, 1996, the nine months ended
December 31, 1995 and fiscal year ended March 31, 1995, there were no
disagreements with Belew on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedures, which
disagreements, if not resolved to the satisfaction of Belew, would have caused
them to make reference to the subject matter of the disagreement in connection
with their report.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Exhibits
16. Letter on Change in Certifying Accountant.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
EXCO RESOURCES, INC.
By: /s/ J.DOUGLAS RAMSEY
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Name: J.Douglas Ramsey
Title: Chief Financial Officer
Dated: January 19, 1998
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EXHIBIT INDEX
Exhibits Description
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16. Letter on Change in Certifying Accountant.
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[BELEW AVERITT, LLP LETTERHEAD]
EXHIBIT 16
January 20, 1998
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: EXCO Resources, Inc.
File Ref: 0-9204
We were previously the principal accountant for EXCO Resources, Inc. and, under
the date of March 13, 1997, we reported on the financial statements of EXCO
Resources, Inc. as of and for the year ended December 31, 1996, the nine months
ended December 31, 1995 and the year ended March 31, 1995. On January 14, 1998,
our appointment as principal accountant was terminated. We have read EXCO
Resources, Inc. statements included under Item 4 of its Form 8-K dated January
14, 1998 and we agree with such statements.
Yours very truly,
BELEW AVERITT LLP
By: /s/ Eric L. Troutman
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cc Mr. Douglas H. Miller, CEO
Dr. J. Douglas Ramsey, CFO
EXCO Resources, Inc.
