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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): September 27, 1996
HARLYN PRODUCTS, INC.
(Exact name of Registrant as specified in its charter)
California 0-7473 95-2251026
(State or other Commission (IRS Employer
Jurisdiction File Number Identification No.)
of Incorporation)
1515 South Main Street
Los Angeles, California 90015
(Address of Principal Executive Office) (Zip Code)
Registrant's telephone number, including area code (213) 746-0745
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Item 4. Changes in Registrant's Certifying Accountant
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On September 27, 1996, the Registrant was informed by its independent
auditors, Deloitte & Touche LLP ("Deloitte") of Deloitte's resignation,
effective as of that date.
The reports of Deloitte on the financial statements of the Registrant for
each of the two fiscal years in the period ended June 30, 1995 did not contain
any adverse opinion or disclaimer of opinion and were not qualified or modified
as to uncertainty, audit scope or accounting principles.
On June 25, 1996, Deloitte informed the audit committee of the Registrant
that if certain conditions were not met regarding which of the Registrant's
management personnel would be responsible for the Registrant's financial
statements, it would be unwilling to rely on managements' representations
regarding the Registrant's financial statements. In connection with its
resignation of September 27, 1996, Deloitte informed the Registrant and the
chairman of the Registrant's audit committee that it had determined that the
conditions previously communicated had not been met, that it was no longer
willing to rely on managements' representations and that it was unwilling to be
associated with the financial statements prepared by management.
Deloitte has also advised the Registrant that the financial statements for
the interim periods ended December 31, 1995 and March 31, 1996 should be
restated for a correction of an error.
In connection with the audit of the Registrant's financial statements for
the fiscal year ended June 30, 1994, Deloitte had informed the Registrant of
certain matters related to the Registrant's internal control structure and its
operations that Deloitte considered to be reportable conditions under standards
established by the American Institute of Certified Public Accountants. Also, in
the June 25, 1996 meeting referred to above, Deloitte informed the Registrant
that its internal control structure and its operations had deteriorated during
the year ending June 30, 1996.
The Registrant has authorized Deloitte to respond fully to inquiries of the
Registrant's successor accountant.
The Registrant has begun to interview prospective independent accountants
to replace Deloitte and expects to engage a new independent accounting firm as
soon as possible to audit the fiscal year ended June 30, 1996.
Item 7. Financial Statements and Exhibits
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4. Letter from Deloitte & Touche, LLP dated October 3, 1996.
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SIGNATURES
Pursuant to the requirements of Securities Exchange Act of 1934, the
registrant has duly caused this Report to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Los Angeles, State of
California, on October 3, 1996.
HARLYN PRODUCTS, INC.
(Registrant)
/s/ EDWARD DUDZIAK
By: EDWARD DUDZIAK, President
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[LETTERHEAD OF DELOITTE & TOUCHE LLP]
October 3, 1996
Securities and Exchange Commission
Mail Stop 9-5
450 5th Street, N.W.
Washington, D.C. 20549
Dear Sirs/Madams:
We have read and agree with the comments in Item 4 of Form 8-K of Harlyn
Products, Inc. dated October 3, 1996.
Yours truly,
/s/ Deloitte & Touche LLP
