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: July 25, 1996
PLANET RESOURCES, INC.
(Formerly Allied Silver-Lead Company)
(Exact name of registrant as specified in its charter)
DELAWARE
(Formerly Idaho)
(State or other jurisdiction of incorporation or organization)
1-7149 82-0277987
(Commission File Number) (IRS Employer Identification Number)
C/O A.W. DUGAN
1415 LOUISIANA, SUITE 3100
HOUSTON, TEXAS 77002
(Address of principal executive offices)
(713) 658-1142
(Registrant's telephone number, including area code)
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
(a) The Company has changed the certifying independent accountant for
the Company from Deloitte & Touche, LLP to Harper & Pearson Company. In
connection with such change of certifying accountant, the Company states that:
(i) The former accountant was dismissed effective July 25, 1996.
(ii) The accountant's report on the prior financial statements
did not contain an adverse opinion or a disclaimer of opinion or was qualified
or modified as to an uncertainty, audit scope, or accounting principals.
(iii) The decision to change accountants was approved by the
Board of Directors.
(iv) There were no disagreements between the Registrant and the
former accountant preceding such dismissal.
(v) With respect to the Company's former principal accountant,
Deloitte & Touche, LLP, the Company states that none of the events described
in Item 304(a)(1)(v) of Regulation S-K occurred within the time specified in
Item 304(a)(1)(v) of Regulation S-K.
(b) The new independent accountant, Harper & Pearson Company, was
engaged by the Company on the 25th day of July, 1996. There was no
consultation between the Registrant and the newly engaged accountant regarding
any of the matters described in Item 304(a)(2)(i) or 304(a)(2)(ii) of
Regulation S-K prior to engaging Harper & Pearson Company.
(c) The Company has provided the former accountant with a copy of the
disclosures contained herein in response to Item 304(a) of Regulation S-K no
later than the day that the disclosures are filed with the Commission.
Furthermore, the Company has requested the former accountant to furnish the
Company with a letter addressed to the Commission stating whether it agrees
with the statements made by the Company in response to Item 304(a) of
Regulation S-K and, if not, stating the respects in which it does not agree.
The Company undertakes to file the former accountant's letter as an exhibit to
this report. The Company has requested the former accountant to provide the
letter as promptly as possible so that the Company can either (i) file the
letter with this report; or (ii) with the Commission within 10 business days
after the filing of this report. Notwithstanding the 10-business day period,
the Company will file the letter by amendment within 2 business days of
receipt.
SIGNATURE
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.
-------------------
A.W. Dugan
President
Date: July 25, 1996
PLANET RESOURCES, INC.
1415 Louisiana, Suite 3100 Houston, Texas 77002
Tel: (713) 658-1142 Fax: (713) 658-0739
VIA FACSIMILE (713) 756-2008
AND REGULAR MAIL
July 25, 1996
Deloitte & Touche, LLP
Certified Public Accountants
333 Clay Street, Suite 2300
Houston, Texas 77002-4196
Attn: Gary Duke
Dear Gary:
The Board of Directors of Planet Resources, Inc. (formerly Allied
Silver-Lead Company) has authorized a change in the company's certifying
independent accountant from Deloitte & Touche, LLP to Harper & Pearson
Company.
Therefore, this letter constitutes notice that Deloitte & Touche, LLP is
dismissed as the certifying independent accountant for the Company effective
on the date of this letter.
Enclosed is the Form 8-K which the Company is filing today with the
Securities & Exchange Commission reporting the change of certifying
independent accountant. Please provide the Company with a letter addressed to
the Commission stating whether you agree with the statements made by the
Company in response to Item 304(a) of Regulation S-K and, if not, stating the
respects in which you do not agree.
Yours very truly,
PLANET RESOURCES, INC.
A.W. Dugan
President
cc: Harper & Pearson Company
PLANET RESOURCES, INC.
1415 Louisiana, Suite 3100 Houston, Texas 77002
Tel: (713) 658-1142 Fax: (713) 658-0739
VIA FACSIMILE (713) 622-5613
AND REGULAR MAIL
July 25, 1996
Harper & Pearson Company
One Riverway, Suite 1000
Houston, TX 77056
Attn: Mr. Joseph Richardson
Dear Joe:
The Board of Directors of Planet Resources, Inc. (formerly Allied
Silver-Lead Company) has authorized a change in the company's certifying
independent accountant from Deloitte & Touche, LLP to Harper & Pearson
Company.
Therefore, this letter constitutes formal notice to you that, effective
on the date hereof, Harper & Pearson Company is engaged as the certifying
independent accountant for the Company with initial responsibility for
reporting on the Company's financial statements for the fiscal year ended June
30, 1996.
Yours very truly,
PLANET RESOURCES, INC.
A.W. Dugan
President
