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): February 21, 2000.
INTERNATIONAL MERCANTILE CORP.
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(Exact name of Registrant as specified in its charter)
Missouri 0-7693 430970243
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
1625 Knecht Ave., Baltimore, Maryland 21277
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 410-242-5000
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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.
(a) Resignation of Independent Accounting Firm
(i) Thomas P. Monahan, C.P.A., the Registrant's
certifying accountant, resigned as the Registrant's
auditor on February 21, 2000.
(ii) The certifying accountant's report on the financial
statements for the past two years contained no
adverse opinion, no disclaimer of opinion nor was
qualified or modified as to uncertainty, audit scope
or accounting principals.
(iii) On February 21, 2000, the Registrant's board of
directors accepted the resignation of Thomas P.
Monahan, C.P.A. as the Registrant's independent
certifying accountant.
(iv) During the preceding two years and subsequent
interim periods preceding their resignation, the
Registrant had no disagreements with the certifying
accountants on any matter of accounting principle or
practice, financial statement disclosure, or
auditing scope or procedure, which disagreements,
if not resolved to the satisfaction of the
certifying accountants, would have caused it to make
reference to the subject matter of the disagreements
in connection with their report.
(v) Not applicable.
(b) Engagement of New Independent Accounting Firm
On February 22, 2000, the Registrant's board of directors
formally engaged Caruso & Caruso C.P.A's, P.A. as its new
independent certifying accountants (the "new accounting firm") to
audit the Registrant's financial statements. The Registrant,
during the two most recent fiscal years and the subsequent
interim periods prior to the engagement of the new accounting
firm, did not consult with the new accounting firm with regard to
any of the matters listed in Regulation S-B Items 304(a)(2).
Item 7. Financial Statements and Exhibits.
(c) Exhibit 16
Letter from Thomas P. Monahan, C.P.A. re: change in
certifying accountant.
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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.
INTERNATIONAL MERCANTILE CORP.
Date: February 22, 2000 By:/s/Frederick S. Richardson
Frederick S. Richardson,
Chairman
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Exhibit 16
Thomas P. Monahan, C.P.A.
Certified Public Accountants
United States Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20559
RE: INTERNATIONAL MERCANTILE CORP.
Gentlemen:
I have acted as the Certifying Accountant for the
aforementioned Registrant for the fiscal years ended December 31,
1997 and 1998. I resigned as the Registrant's Certifying Account
for the fiscal year ended December 31, 1999, effective February
21, 2000. I have been provided with the required disclosures made
by the Registrant to the United States Securities and Exchange
Commission. Upon review of the disclosures and statements
contained in the Form 8-K, my firm agrees with such disclosures
and statements made by the Registrant pursuant to Item 304(a) of
Regulation S-B and hereby consents to the inclusion of this
letter as an exhibit to Form 8-K.
Sincerely,
/s/Thomas P. Monahan
Thomas P. Monahan, C.P.A.
