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: August 31, 1999
(Date of earliest event reported)
INTERDYNE COMPANY
(Exact name of registrant as specified in its charter)
CALIFORNIA 0-4454 95-2563023
(State or other jurisdiction of Commission (I.R.S. Employer
incorporation or organization) File Number Identification No.)
7 Whatney, Irvine, California 92618
(Address of principal executive offices) (Zip Code)
(949) 454-2441
(Registrant's telephone number, including area code)
<PAGE>
INTERDYNE COMPANY
ITEM 4: CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
(a) Previous Independent Accountants
(i) On August 31, 1999, the Board of Directors of the Registrant
approved the replacement of KPMG LLP ("KPMG") as its independent
accountants. This action was taken after KPMG informed the
Registrant that they declined to stand for reelection effective June
30, 1999.
(ii) KPMG's reports on the Registrant's financial statements for the past
two fiscal years did not contain an adverse opinion or a disclaimer
of opinion and were not qualified or modified as to uncertainty,
audit scope or accounting principles.
(iii) During the two most recent fiscal years and any subsequent interim
period preceding June 30, 1999, (i) there were no disagreements with
KPMG on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure, which
agreements, if not resolved to the satisfaction of KPMG, would have
caused KPMG to make a reference to the subject matter of the
disagreements in connection with its reports in the financial
statements for such years, and (ii) there were no reportable events
as described in Item 304 of Regulation S-K.
(iv) The Registrant provided KPMG with a copy of this report no later
than the date this report was filed with the Securities and Exchange
Commission and has requested that KPMG furnish it with the letter
described in Item 304(a)(3) of Regulation S-K. A copy of the letter
from KPMG to the Securities and Exchange Commission described in
Item 304(a)(3) of Regulation S-K is filed as an exhibit hereto.
(b) New Independent Accountants
(i) The Registrant engaged Gendron, Lim & Company ("Gendron") as its
independent accountants to audit its financial statements, effective
June 30, 1999. The action was approved by the Registrant's Board of
Directors. Neither the Registrant nor anyone on its behalf has
consulted with Gendron regarding the application of accounting
principles to a specified transaction, either completed or proposed;
or the type of audit opinion that might be rendered on the
Registrant's financial statements, and neither a written report nor
oral advice was provided to the Registrant that Gendron concluded
was an important factor considered by the Registrant in reaching a
decision as to the accounting, auditing or financial reporting issue
during its two most recent fiscal years or the subsequent interim
period prior to engaging Gendron.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) Exhibits
16. Letter from KPMG dated August 31, 1999, pursuant to Item
304(a)(3) of Regulation S-K. (Filed under separate cover by
KPMG.)
2
