SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A-1
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 19, 1996
Lynch Corporation
(Exact name of registrant as specified in its charter)
INDIANA 1-106 38-1799862
(State or
other jurisdiction (Commission (IRS Employer
of Corporation) file Number) Identification No.)
Eight Sound Shore Drive, Suite 290, Greenwich, CT 06830
Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 203/629-3333
(Former name or former address, if changed since last report)
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Item 4. Changes in Registrant's Independent Auditors
Item 4 in Form 8-K is amended in its entirety to read as follows:
Effective March 19, 1996, The Morgan Group, Inc. ("Morgan"), dismissed
Arthur Andersen, LLP and retained Ernst & Young, LLP, which audits
Registrant. The report of Registrant's independent accountants expressed
reliance upon the audit of Morgan (a significant subsidiary) by Arthur
Andersen. The decision to change auditors was approved by Morgan's Board
of Directors and Registrant's Audit Committee.
Arthur Andersen's report on Morgan's financial statements for neither
of the two most recent fiscal years contained an adverse opinion or
disclaimer of opinion, or was qualified or modified as to uncertainty,
audit scope or accounting principles.
During the last two fiscal years and from February 5, 1996 to the date
of dismissal on March 19, 1996, there were no disagreements between Morgan
or Registrant and Arthur Andersen on any matters of accounting principles
or practices, financial statement disclosure, or auditing scope or
procedure, which disagreements, if not resolved to the satisfaction or
Arthur Andersen, would have caused it to make a reference to the subject
matter of the disagreement in connection with its report.
Item 7. Financial Statements and Exhibits
Exhibit 16(b) - Letter Re: Change in Certifying Accountant
<PAGE>
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, thereunto duly authorized.
LYNCH CORPORATION
(Registrant)
s/ Robert E. Dolan
Robert E. Dolan
Chief Financial Officer
Date: April 4, 1996
<PAGE>
Exhibit 16(b)
April 4, 1996
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Gentlemen:
We have read Item 4 of amended Form 8-K dated April 4, 1996 of Lynch
Corporation, to be filed with the Securities and Exchange Commission and
are in agreement with the statement contained in the second and third
paragraph therein.
Very truly yours,
Arthur Andersen LLP
MAL
