HOLOBEAM INC
8-K, 1996-11-15
OPERATORS OF NONRESIDENTIAL BUILDINGS
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                                  FORM 8-K
                               CURRENT REPORT

            (As last amended in Rel. No. 34-25113, eff. 1/30/95.)

                                UNITED STATES
                     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)     11/13/96     


                    Holobeam, Inc.                                


Delaware                           0-3385              22-1840647 
(State or other jurisdiction     (Commission         (IRS Employer
of incorporation)                File Number)  Identification No.)


540 Ravine Court, Wyckoff, N.J.                           07481   
(Address of principal executive offices)                (Zip Code)


Registrant's telephone number, including area code  201-445-2420  

                                                                  
           (Former name or address, if changed since last report.)


<PAGE>
                               HOLOBEAM, INC.
                                  Form 8-K
                              November 13, 1996


Item 1.   Changes in Control of Registrant - Not applicable

Item 2.   Acquisition or Disposition of Assets - Not applicable

Item 3.   Bankruptcy or Receivership - Not applicable

Item 4.   Changes in the Registrant's Certifying Accountant

          (i)    The former accountants were dismissed on November
                 13, 1996. The principal partner responsible for the
                 audit engagement died prior to the Registrant
                 receiving an engagement letter for the audit for
                 the fiscal year ended September 30, 1996.

          (ii)   The principal accountants' report on the financial
                 statements for either of the past two years did not
                 contain an adverse opinion or a disclaimer of
                 opinion nor was qualified or modified as to
                 uncertainty, audit scope or accounting principles.

          (iii)  The decision to change accountants was recommended
                 and approved by the Board of Directors. (The
                 Registrant does not maintain an audit committee.)

          (iv)   There were no disagreements with the former
                 accountants on any matter of accounting principles
                 or practices, financial statement disclosure,
                 auditing scope or procedure during the two most
                 recent fiscal years and any subsequent interim
                 period preceding the change in accountants.

          (v)    There were no events that occurred within the
                 Registrant's two most recent fiscal years and any
                 subsequent interim period preceding the prior
                 accountants dismissal leading to any disagreements
                 whatsoever and in particular those listed in item
                 304(a)(2)(v)(A) through (D) of Regulation S-K.

<PAGE>


                               HOLOBEAM, INC.
                                  Form 8-K
                              November 13, 1996


          (vi)   The newly engaged accounting firm is Fredericks and
                 Company, Certified Public Accountants, P.O. Box
                 206, 304 Hackensack Street, Wood-Ridge, New Jersey
                 07075. Fredericks and Company was engaged on
                 November 14, 1996.

                 The registrant did not engage or consult with
                 Fredericks and Company on any matter whatsoever,
                 including written reports, oral advice or type of
                 opinion on the Registrant's financial statements or
                 application of accounting principles for each of
                 the Registrant's two most recent fiscal years and
                 subsequent interim periods.

Item 5.   Other events - Not applicable

Item 6.   Resignations of Registrant's Directors - Not applicable

Item 7.   Financial Statements and Exhibits - Not applicable

Item 8.   Change in Fiscal Year - Not applicable


<PAGE>



                               HOLOBEAM, INC.
                                 Signatures
                                  Form 8-K
                              November 13, 1996


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.


Date: November 14, 1996



                                        Holobeam, Inc.

                                        Registrant


                                                            
                                        William M. Hackett
                                        Treasurer and Director



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