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) August 22, 1997
American Metals Service, Inc.
(Exact name of registrant as specified in its charter)
Delaware 0-10093 59-1224913
(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 August 22, 1997, Coopers & Lybrand L.L.P. ("C&L") declined to stand for
reelection as auditors of the financial statements of American Metals Service,
Inc. (the "Company") as of and for the year ended August 31, 1997, because they
no longer are the auditors of an affiliate of the Company. On August 28, 1997
the Company retained Bederson & Company LLP ("Bederson"), Certified Public
Accountants, as its certifying accountant for the fiscal year ended August 31,
1997.
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 uncertainty, audit scope or accounting
principles, nor were there any disagreements during the last two fiscal years
and through August 22, 1997, 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 August 22, 1997, 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
Bederson concerning 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
August 22, 1997 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: August 28, 1997
AMERICAN METALS SERVICE, INC.
/s/ Mark Koscinski
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By: Mark Koscinski
Vice President
COOPERS & LYBRAND L.L.P.
136-300 Main Street
Princeton Forrestal Village
Princeton, New Jersey 08540
August 22, 1997
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Gentlemen:
We have read the statements made by American Metals Service, 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
August 1997. 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.
Attachment
