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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
Commission File Number 0-14881
Date of Report: December 16, 1997
WASTE RECOVERY, INC.
(Exact name of Registrant as specified in its Charter)
TEXAS 75-1833498
(State or other jurisdiction of (I.R.S. Employer Identification No.)
Incorporation)
309 S. PEARL EXPRESSWAY, DALLAS, TX 75201
(Address of principal executive offices) (Zip Code)
(214) 741-3865
(Registrant's Telephone Number, Including Area Code)
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
(a) Previous independent accountants
(i) On December 16, 1997, Waste Recovery, Inc. (the "Registrant")
dismissed Price Waterhouse LLP as its independent certified
public accountant.
(ii) The reports of Price Waterhouse LLP on the financial
statements of the Registrant for the past two fiscal years
contained no adverse opinion or disclaimer of opinion and
were not qualified or modified as to uncertainty, audit
scope or accounting principles.
(iii) The Registrant's Board of Directors participated in and
approved the decision to change independent accountants.
(iv) During the Registrant's two most recent fiscal years and
through December 16, 1997, there have been no disagreements
with Price Waterhouse LLP 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 Price Waterhouse LLP, would
have caused them to make reference thereto in its report on
the financial statements for such years.
(v) During the two most recent fiscal years and through
December 16, 1997, there have been no reportable events
(as defined in Regulation S-K Item 304(a)(1)(v)).
(vi) The Registrant has requested that Price Waterhouse LLP furnish
it with a letter addressed to the SEC stating whether it
agrees with the above statements and if not, stating the
respects in which it does not agree. A copy of such letter,
dated December 16, 1997 is filed as Exhibit 16.1 to this
Form 8-K.
(b) New independent accountants
On December 16, 1997, the Registrant engaged Grant Thornton LLP
to act as the Registrant's independent certified public accountant.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION, AND EXHIBITS.
(a) Financial Statements of Business Acquired.
None.
(b) Pro Forma Financial Information.
None.
(c) Exhibits.
16.1 Letter from Price Waterhouse LLP dated December 16, 1997
regarding change in Certifying Accountant.
[End of Page]
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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.
WASTE RECOVERY, INC.
DATE: December 16, 1997 /s/ DAVID G. GREENSTEIN
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By: DAVID G. GREENSTEIN
President and Chief Executive Officer
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EXHIBIT 16.1
December 16, 1997
Securities and Exchange Commission
450 Fifth Street, NW
Washington, DC 20549
Ladies & Gentlemen:
Waste Recovery, Inc.
We have read Item 4 of Waste Recovery, Inc.'s Form 8-K dated December 16, 1997
and are in agreement with the statements contained in paragraph 4(a) therein.
Yours very truly,
PRICE WATERHOUSE LLP
