U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
October 20, 2000
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Date of Report (date of earliest event reported)
Capco Energy, Inc.
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Exact Name of Registrant as Specified in its Charter
Colorado 0-10157 84-0846529
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State or Other Jurisdiction Commission File IRS Employer Identifi-
Of Incorporation Number cation Number
2922 East Chapman, Suite 202
Orange, California 92869
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Address of Principal Executive Office, Including Zip Code
(714) 288-8230
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Registrant's Telephone Number, Including Area Code
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANTS.
(a) On October 19, 2000, McGladrey and Pullen, LLP were terminated as
the independent accountants for Capco Energy, Inc. (the "Registrant"). On
October 20, 2000, the Registrant engaged Stonefield Josephson, Inc. as its
independent accountants.
(b) McGladrey and Pullen, LLP has not issued any opinion for the
Registrant.
(c) The Registrant's Board of Directors made the decision to terminate
its prior accountants and to engage Stonefield Josephson, Inc. in order to
reduce the cost of its audit. The Registrant has no audit or similar
committee.
(d) In connection with the interim period from July 19, 2000 to October
19, 2000, there have been no disagreements with McGladrey and Pullen, LLP on
any matter of accounting principles or practices, financial statement
disclosure or auditing scope or procedure.
(e) The Registrant did not consult with Stonefield Josephson, Inc. with
regard to any matter concerning the application of accounting principles to
any specific transactions, either completed or proposed, or the type of audit
opinion that might be rendered with respect to the Registrant's financial
statements.
(f) The Registrant has requested that McGladrey and Pullen, LLP review
this disclosure and that firm has been given an opportunity to furnish the
Registrant with a letter addressed to the Commission containing any new
information, clarification of the Registrant's expression of its views, or
the respect in which it does not agree with the statements made by the
Registrant herein. Such letter is filed as an exhibit to this Report.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS.
(a) EXHIBITS.
Exhibit 16. Letter from McGladrey and Pullen, LLP
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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.
CAPCO ENERGY, INC.
Dated: October 20, 2000 By:/s/ Dennis R. Staal
Dennis R. Staal,
Chief Financial Officer
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