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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): November 1, 2000
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WYANT CORPORATION
(Exact name of registrant as specified in its charter)
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New York 11-2236837
(State or other jurisdiction of incorporation) (I.R.S. Employer Identification No.)
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Commission File Number 0-8410
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1170 U.S. Highway 22 East, Suite 203, Bridgewater, NJ 08807
(Address of principal executive offices) (Zip Code)
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(514) 636-9926
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS.
On November 1, 2000, Wyant Corporation (the "Company") announced that it
had completed the re-examination phase of its investigation into the accounting
irregularities that were recently discovered at the Company's wholly owned
Tennessee subsidiary, IFC Disposables, Inc. On October 2, 2000, the Company
announced that it appeared that the financial results of IFC Disposables, and
therefore of the Company, had been overstated in the period from January 1, 1997
through June 30, 2000, in the amount of approximately U.S. pre-tax $1.2 million,
of which approximately U.S. pre-tax $427 thousand related to the period from
January 1, 2000 through June 30, 2000.
Also on October 2, 2000, the Company announced that it was pursuing an
intensive investigation into the circumstances surrounding and the extent of the
accounting irregularities. The re-examination of IFC Disposables' books and
records for the period in question has revealed that the estimated overstatement
in its, and therefore the Company's, financial results reported on October 2,
2000 was in fact accurate. In the November 1, 2000 press release attached hereto
as Exhibit 99.1 (which is hereby incorporated herein by reference), the Company
sets forth its restated financial results for each of the years ended 1997, 1998
and 1999 and the six months ended June 30, 2000 and 1999.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
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Exhibit Description
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99.1 Press Release dated November 1, 2000.
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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.
WYANT CORPORATION
By: /s/ Marc D'Amour
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Name: Marc D'Amour
Title: Vice President, Chief Financial
Officer and Treasurer
DATE: November 2, 2000
