8-K, 2000-04-11
Previous: HEWLETT PACKARD CO, 8-K, 2000-04-11



                            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): March 13, 2000

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           (Exact Name of Registrant as Specified in its Charter)

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               (State or Other Jurisdiction of Incorporation)

        1-3410                                    13-0460520
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 (Commission File Number)            (I.R.S. Employer Identification No.)

 410 PARK AVENUE, NEW YORK, N.Y.                  10022-4407
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 (Address of Principal Executive Office)           (Zip Code)

                              (212) 593-5700
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            (Registrant's Telephone Number, Including Area Code)

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     (Former Name or Former Address, if Changed Since Last Report)


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ITEM 4.  Changes in Registrant's Certifying Accountant.

     On March 13, 2000, the Registrant's board of directors decided to retain,
subject to the approval of the United States Bankruptcy Court for the Southern
District of New York, the accounting firm of Ernst & Young LLP ("E&Y") to act
as the principal accountant to audit the Registrant's financial statements,
effective March 13, 2000.  As previously reported on Form 8-K filed on
December 9, 1999, the Registrant filed in the United States Bankruptcy Court
for the Southern District of New York a petition and plan of reorganization
under Chapter 11 so as to implement the consensual prearranged financial
restructuring whereby, among other things, holders of the Registrant's 11-1/4%
Senior Subordinated Notes will convert that debt into shares of new common
stock.  Implementation of the restructuring is subject to consummation of the
Chapter 11 plan, which requires, among other things, Court approval, and no
assurances of such approval can be given.

     During the Registrant's two most recent fiscal years, the Registrant did
not consult with E&Y regarding either 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 financial statements of the Registrant.
In addition, the Registrant did not consult with E&Y during the Registrant's
two most recent fiscal years regarding any matter that was the subject of a
disagreement or a reportable event within the meaning of Item 304 of the
Securities and Exchange Commission's Regulation S-K.

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     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.

                                   AMERICAN BANKNOTE CORPORATION

                                   By:   s/Patrick D. Reddy
                                   Patrick D. Reddy
                                   Vice President

Date: April 7, 2000

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