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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 (Date of earliest event reported): June 12, 1996
HPSC, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 0-11618 04-256004
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
60 State Street, Boston, MA 02109
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (617) 720-3600
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Item 4. Changes in Registrant's Certifying Accountant.
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Coopers & Lybrand L.L.P. ("Coopers & Lybrand") resigned as independent
auditors for HPSC, Inc. (the "Registrant") on June 12, 1996.
None of the reports of Coopers & Lybrand on the financial statements of
the Registrant for either of the past two fiscal years contained an adverse
opinion or a disclaimer of opinion, or was 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 preceding the
resignation of Coopers & Lybrand, there were no disagreements with Coopers &
Lybrand 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 Coopers & Lybrand, would have caused it to make reference
to the subject matter of the disagreement in connection with its report. None of
the reportable events listed in Item 304(a)(1)(v) of Regulation S-K occurred
with respect to the Registrant during the Registrant's two most recent fiscal
years and the subsequent interim period preceding the resignation of Coopers &
Lybrand.
On June 19, 1996, the Registrant engaged Deloitte & Touche LLP as its
independent auditors.
Item 7. Financial Statements and Exhibits.
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16. Letter of Coopers & Lybrand dated June 17, 1996 to the Securities and
Exchange Commission.
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.
HPSC, Inc.
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Registrant
DATED: June 19, 1996 By:/s/ John W. Everets
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John W. Everets
Chairman and Chief
Executive Officer
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Exhibit 16
[Coopers & Lybrand L.L.P. Letterhead]
June 17, 1996
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Gentlemen:
We have read the statements made by HPSC, Inc. (copy attached), which we
understand will be filed with the Commission, pursuant to Item 4 of Form 8-K, as
part of the Company's Form 8-K report for the month of June, 1996. We agree with
the statements concerning our Firm in such Form 8-K.
Very truly yours,
/s/ Coopers & Lybrand L.L.P.
Coopers & Lybrand L.L.P.
