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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
REPORT UNDER SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: October 29, 1996
Commission File No. 0-4671
ISOMET CORPORATION
State of Incorporation: New Jersey
IRS Employer Identification No. 22-1591074
Address of Principal Executive Offices:
5263 Port Royal Road
Springfield, Virginia 22151
Registrant's Telephone Number: 703-321-8301
Common Shares Outstanding on March 31, 1996: 1,905,590
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceeding 12 months (or for such shorter period that the registrant was
required to file such reports) and (2) has been subject to such filing
requirements for the past ninety (90) days.
X Yes No
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FORM 8-K
Item 1 - CHANGES IN CONTROL OF REGISTRATION
Not applicable.
Item 2 - ACQUISITION OR DISPOSITION OF ASSETS
Not applicable.
Item 3 - BANKRUPTCY OR RECEIVERSHIP
Not applicable.
Item 4 - CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
The Board of Directors of Isomet Corporation (the "Corporation") has
approved the selection of Aronson, Fetridge & Weigle to replace Pannell Kerr
Forster PC as the Corporation's independent accountants effective as of October
23, 1996. Pannell Kerr Forster PC served as the Corporation's independent
accountants for all fiscal years since 1991. Prior to 1991, from 1980, the
Corporation's independent accountants were Pannell Kerr Forster, a partnership.
This change in accountants will result in a significant decrease in the amount
of annual audit fees paid by the Corporation.
The reports from Pannell Kerr Forster PC on the consolidated financial
statements of the Corporation for the past two years did not contain any adverse
opinion or disclaimer of opinion, nor were they qualified or modified as to
uncertainty, audit scope or accounting principles. There have not been any
disagreements between the Corporation and Pannell Kerr Forster PC on any matter
of accounting principles or practices, consolidated financial statement
disclosure or audit scope or procedure.
In addition to the economic benefits, the Board of Directors' decision to
engage Aronson, Fetridge & Weigle, is also influenced by the fact that Mr. Ed
Burnell, who was, for a number of years, responsible for the audits done by
Pannell Kerr Forster, a partnership, for the Corporation, is now with Aronson,
Fetridge & Weigle and will provide continuity of reporting for the Corporation.
The Corporation has not requested or obtained any advice from Aronson, Fetridge
& Weigle concerning any material accounting, auditing or financial reporting
issue regarding the application of accounting principles to a specified
transaction or the type of audit opinion that might be rendered on the
Corporation's consolidated financial statements.
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Item 5 - OTHER EVENTS
Not applicable.
Item 6 - RESIGNATIONS OF REGISTRANT'S DIRECTORS
Not applicable.
Item 7 - FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
(16) Letter on Change in Certifying Accountant
Item 8 - CHANGE IN FISCAL YEAR
Not applicable.
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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.
ISOMET CORPORATION
By: _______________________ Dated: __________________, 1996
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EXHIBIT 16
PANNELL KERR FORSTER PC
5845 Richmond Highway
Suite 630
Alexandria, VA 22303
Telephone: 703-329-1952
Telefax: 703-329-1959
October 28, 1996
SECURITIES AND EXCHANGE COMMISSION
450 Fifth Street NW
Washington, DC 20549
To Whom It May Concern:
We have read the statements made by Isomet Corporation (copy attached), which we
understand will be filed with the Commission pursuant to Item 4 of Form 8-K as
part of the Company's Form 8-K report. We agree with the statements concerning
our firm in such Form 8-K.
Very truly yours,
/s/ Michael F. Moore
Michael F. Moore
Director
