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): August 11, 1999
LINCOLN LOGS LTD.
(Exact name of small business issuer as specified in its charter)
New York 01-12172 14-1589242
(State or other jurisdiction of (Commission File (I.R.S. Employer
incorporation) Number) Identification No.)
Riverside Drive, Chestertown, New York 12817
(Address of principal executive offices) (Zip Code)
(518) 494-5500
(Issuer's telephone number)
N/A
(Former name or former adderss, if changed since last report)
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Item 4. Change in Registrant's Certifying Accountant.
On August 6, 1999, Lincoln Logs Ltd. (the "Company") received notification
by letter dated August 5, 1999 from KPMG LLP ("KPMG"), the Company's
independent public accountant for the fiscal year ended January 31, 1999, that
they would not stand for re-election as the Company's independent public
accountants for the fiscal year ending January 31, 2000.
During the Company's two most recent fiscal years and the subsequent interim
period preceeding such withdrawal, there were no disagreements with KPMG
regarding any matters of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure.
KPMG's report on the financial statements for the past two years did not
contain an adverse opinion or disclaimer of opinion and was not qualified or
modified as to uncertainty, audit scope or accounting principles, except that
KPMG's opinions issued in connection with the Company's financial statements
for the fiscal years ended January 31, 1999 and 1998 were qualified with regard
to the Company's ability to continue as a going concern.
The Company has requested that KPMG furnish it with a letter addressed to the
United States Securities and Exchange Commission (the "SEC") stating whether
it agrees with the above statements. The former auditor's letter is being
filed as Exhibit 16.1 to this Current Report on Form 8-K.
ITEM 7. Financial Statements and Exhibits.
(a) Financial Statements of Business Acquired: N/A
(b) Pro Forma Financial Information: N/A
(c) Exhibits:
16.1 Letter from KPMG LLP dated August 11, 1999.
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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, thereunto duly authorized.
LINCOLN LOGS LTD.
/s/ William J. Thyne
------------------------
William J. Thyne
Chief Financial Officer
Date: August 11, 1999
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EXHIBIT INDEX
Exhibit No. Document
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16.1 Letter from KPMG LLP dated August 11, 1999.
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EXHIBIT 16.1
[LETERHEAD OF KPMG LLP]
August 11, 1999
United States Securities and Exchange Commission
Washington, D.C. 20549
Ladies and Gentlemen:
We were previously the independent public accountants of lincoln Logs Ltd.
and, under the date of April 16, 1999, except as to note 14(b), which was
as of April 20, 1999, and note 19(b), which was as of May 15, 1999, we
reported on the consolidated financial statements of Lincoln Logs Ltd. and
sdubsidiaries as of and for the years ended January 31, 1999 and 1998. On
August 5, 1999, we declined to stand for re-election. We have read Lincoln
Logs Ltd.'s statements included under item 4 of its Form 8-k dated
August 11, 1999, and we agree with such statements.
Very truly yours,
KPMG LLP
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