UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act
of 1934. Date of Report (Date of earliest event reported): December 10, 1999
LANNETT COMPANY, INC.
(Exact Name of Registrant as Specified in Its Charter)
Delaware 0-9036 23-0787-699
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State or other Jurisdiction Commission I.R.S. Employer
of Incorporation or Organization File Number Identification No.
9000 State Road, Philadelphia, PA 19136
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Address of Principal Executive Offices and Zip Code
Registrant's telephone number, including area code: (215) 333-9000
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
The independent accountants who previously audited the financial
statements of Lannett Company, Inc. ("Company") for the fiscal years ended
June 30, 1999 and prior year, Deloitte & Touche LLP, were notified by the
Company on December 10, 1999 that the Company had elected not to utilize the
services of Deloitte & Touche LLP in connection with the audit of the
Company's June 30, 2000 financial statements. Deloitte & Touche LLP's reports
on the Company's financial statements for the fiscal years ended June 30,
1999 and June 30, 1998 did not contain an adverse opinion or a disclaimer of
opinion; nor were such reports qualified or modified as to uncertainty, audit
scope or accounting principles. During the Company's two most recent fiscal
years ended June 30, 1999 and June 30, 1998 and the subsequent interim period
preceding December 10, 1999, there were no disagreements between the Company
and Deloitte & Touche LLP on any matter of accounting principles or
practices,
financial statement disclosure, or auditing scope or procedure, which
disagreement, if not resolved to the satisfaction of Deloitte & Touche LLP
would have caused it to make reference to the subject matter of the
disagreement in connection with its report. The Company did not experience
any of the events listed in Item 304 of Regulation S-B as defined as
"reportable events" within the Company's two most recent fiscal years ended
June 30, 1999 and June 30, 1998 and the subsequent interim period preceding
December 10, 1999.
The Company will report in a subsequent 8-K regarding the engagement of
a new independent accountant. The decision to change accountants was approved
by the Company's Board of Directors.
ITEM 7. FINANCIAL STATEMENTS, PRO-FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) 16.1 Exhibit 1 Letter from Deloitte & Touche LLP
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Company has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.
LANNETT COMPANY, INC
By: /s/ Larry Dalesandro
Chief Operating Officer
Date: December 22, 1999
Deloitte &
Touche
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Deloitte & Touche LLP Telephone: (215) 246-2300
Twenty-Fourth Floor Facsimile: (215) 569-2441
1700 Market Street
Philadelphia, Pennsylvania 19103-3984
December 17, 1999
Securities and Exchange Commission
Mail Stop 9-5
450 5th Street, N.W.
Washington, D.C. 20549
Dear Sirs/Madams:
We have read and agree with the comments in Item 4 of Form 8-K of Lannett
Company, Inc. dated December 17, 1999.
Yours truly,
/s/ Deloitte & Touche LLP
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Deloitte Touche
Tohmatsu
International
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