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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
Date of report (Date of earliest event reported) August 6, 1998
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Frank's Nursery & Crafts, Inc.
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(Exact Name of Registrant as Specified in Its Charter)
Michigan
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(State or Other Jurisdiction of Incorporation)
1-5364 38-1561374
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(Commission File Number) (IRS Employer Identification No.)
1175 West Long Lake Road, Troy, Michigan 48098
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(Address of Principal Executive Offices) (Zip Code)
(248) 712-7240
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(Registrant's Telephone Number, Including Area Code)
n/a
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(Former Name or Former Address, if Changed Since Last Report)
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FRANK'S NURSERY & CRAFTS, INC.
ITEM 4. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT.
On July 31, 1998, PricewaterhouseCoopers LLP, the principal
accounting firm for audit of the Registrant's consolidated financial statements,
was dismissed by the Registrant. On the same date Ernst & Young LLP was engaged
to audit the Registrant's financial statements for the year ended January 31,
1999.
The decision to change accountants was approved by the board
of directors of the Registrant.
During the two most recent fiscal years, the first quarter
ended May 17, 1998, and the interim period subsequent to May 17, 1998 through
July 31, 1998, there have been no disagreements with PricewaterhouseCoopers LLP
on any matter of accounting principles or practices, financial statement
disclosure, or auditing scope or procedure or any reportable events. Had there
been disagreements not resolved to the satisfaction of PricewaterhouseCoopers
LLP they would have made reference thereto in their report on the financial
statements for such years.
PricewaterhouseCoopers LLP's report on the financial
statements for the past two years contained no adverse opinion or disclaimer of
opinion and was not qualified or modified as to uncertainty, audit scope or
accounting principles.
The Registrant has requested that PricewaterhouseCoopers LLP
furnish it with a letter addressed to the SEC stating whether it agrees with the
above statements. A copy of PricewaterhouseCoopers LLP letter to the SEC, dated
August 6, 1998, is filed as Exhibit 16 to the Form 8-K.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) EXHIBITS
16 PricewaterhouseCoopers LLP's letter of Change in
Certifying Accountant to the SEC dated August 6,
1998.
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.
Frank's Nursery & Crafts, Inc.
By /s/ Larry T. Lakin
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Larry T. Lakin,
Executive Vice President and
Chief Financial Officer
Date: August 6, 1998
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Exhibit Index
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Exhibit No. Description
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16 PricewaterhouseCoopers LLP's letter of Change in
Certifying Accountant to the SEC dated August 6, 1998.
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EXHIBIT 16
[PRICEWATERHOUSECOOPERS LLP LETTERHEAD]
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
August 6, 1998
Ladies and Gentlemen:
We have read Item 4 of Frank's Nursery & Craft's Inc. Form 8-K dated August 6,
1998 and are in agreement with the statements regarding PricewaterhouseCoopers
LLP.
Yours very truly,
/s/ PricewaterhouseCoopers LLP
PricewaterhouseCoopers LLP
