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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: September 10, 1997
CYBEX INTERNATIONAL, INC.
(Exact Name of Registrant as Specified in its Charter)
New York 0-4538 11-1731581
(State or other jurisdiction of (Commission File No.) (I.R.S. Employer
incorporation or organization) Identification No.)
10 Trotter Drive, Medway, Massachusetts 02053
(Address of Principal Executive Offices)
Registrant's Telephone Number, Including Area Code: (508) 533-4300
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Item 4: Changes in Registrant's Certifying Accountant.
On September 10, 1997, the Registrant engaged Arthur Andersen LLP,
independent certified public accountants, as the Registrant's principal
accountant to audit the Registrant's financial statements for the year ending
December 31, 1997. Such new accounting firm was engaged in replacement of Ernst
& Young LLP, independent auditors, who had previously been engaged for the same
purpose, and whose dismissal was effective the same date. The decision to change
accountants was approved by the Audit Committee of Registrant's Board of
Directors.
The reports of Ernst & Young LLP 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.
In connection with the audits of the Registrant's financial statements
for each of the two fiscal years ended December 31, 1996, and in the subsequent
interim period, there were no disagreements with Ernst & Young LLP on any
matters of accounting principles or practices, financial statement disclosure,
or auditing scope and procedures, which, if not resolved to the satisfaction of
and Ernst & Young LLP, would have caused Ernst & Young LLP to make a reference
to the matter in their report.
The Registrant has requested Ernst & Young LLP to furnish a letter
addressed to the Commission stating whether it agrees with the above statements.
A copy of this letter dated September 10, 1997 is filed as Exhibit 16.1 to this
Form 8-K.
Item 7: Financial Statements and Exhibits.
Exhibit 16.1: Letter of Ernst & Young LLP.
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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.
DATED: September 10, 1997
CYBEX INTERNATIONAL, INC.
By: /s/ Peter C. Haines
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Peter C. Haines, President
and Chief Executive Officer
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September 10, 1997
Securities and Exchange Commission
450 Fifth Street N.W.
Washington, D.C. 20549
Gentlemen:
We have read Item 4 of Form 8-K dated September 10, 1997 of CYBEX International,
Inc. and are in agreement with the statements contained in the second and
third paragraphs and in the first sentence of the fourth paragraph on page 2
therein. We have no basis to agree or disagree with other statements of the
registrant contained therein.
/s/ Ernst & Young LLP
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