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): MARCH 22, 2000
PEACHES ENTERTAINMENT CORPORATION
(Exact Name of Registrant as specified in its charter)
FLORIDA 0-12375 59-2166041
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File No.) Identification No.)
1180 EAST HALLANDALE BEACH BLVD., HALLANDALE, FLORIDA 33009
(Address of principal executive offices) (Zip Code)
Registrant's Telephone number, including area code: (954) 454-5554
NOT APPLICABLE
(Former name or former address, if changed since last report)
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
On March 22, 2000, Peaches Entertainment Corporation (the "Registrant")
elected not to renew the appointment of KPMG LLP ("KPMG") as the Registrant's
independent public accountants.
On March 22, 2000, the Registrant selected Rachlin Cohen & Holtz LLP
("Rachlin Cohen") to replace KPMG as the Registrant's independent public
accountants. The decision to change auditors was approved by resolution of the
full board of directors.
KPMG's report on the financial statements of the Registrant for each of the
past two fiscal years did not contain any adverse opinion or disclaimer of
opinion and was not qualified or modified as to uncertainty, audit scope or
accounting principles.
During the Registrant's two most recent fiscal years, and the subsequent
interim period through March 22, 2000, there were no disagreements with KPMG on
any matter of accounting principles or practices, financial statement
disclosure, or auditing scope or procedure, which disagreements, if not resolved
to the satisfaction of KPMG, would have caused KPMG to make reference to the
subject matter of the disagreements in connection with its audit report with
respect to financial statements of the Registrant.
During the Registrant's two most recent fiscal years, and the subsequent
interim period through March 22, 2000, there was no disagreement or difference
of opinion with KPMG regarding any "reportable event," as that term is defined
in Item 304(a)(1)(v) of Regulation S-K.
The Registrant has provided KPMG with a copy of this Report, and has
requested that KPMG furnish the Registrant with a letter addressed to the
Commission stating whether it agrees with the statements made by the Registrant.
Such letter is attached hereto as Exhibit 16.
During the two most recent fiscal years and the subsequent interim period
through March 22, 2000, neither the Registrant nor anyone on behalf of the
Registrant consulted Rachlin Cohen regarding either the application of
accounting principles to a specified transaction, either completed or proposed,
or the type of audit opinion that might be rendered on the financial statements
of the Registrant or any matter that was either the subject of a disagreement,
within the meaning of Item 304(a)(1)(iv) of Regulation S-K, or any reportable
event, as that term is defined in Item 304(a)(1)(v) of Regulation S-K.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
EXHIBIT DESCRIPTION
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16 Letter from KPMG LLP, dated March
29, 2000, with respect to change of
registrant's certifying accountant.
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SIGNATURES
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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.
PEACHES ENTERTAINMENT CORPORATION
---------------------------------
Registrant
By: S/JASON WOLK
------------------------
Executive Vice-President
Date: MARCH 29, 2000
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EXHIBIT 16
[Letterhead of KPMG LLP]
March 29, 2000
Securities and Exchange Commission
Washington, D.C. 20549
Ladies and Gentlemen:
We were previously principal accountants for Peaches Entertainment
Corporation. Under the date of May 28, 1999, we reported on the financial
statements of Peaches Entertainment Corporation as of and for the years ended
April 3, 1999 and March 28, 1998. On March 22, 2000, our appointment as
principal accountants was terminated.
We have read Peaches Entertainment Corporation's statements included under
Item 4 of its Form 8-K dated March 29, 2000, and we agree with such statements.
Very truly yours,
KPMG LLP
