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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 1, 1996
INRAD, INC.
(Exact name of registrant as specified in its charter)
New Jersey 0-11668 22-2003247
(State or other (Commission (I.R.S. Employer
jurisdiction of in- File Number) Identification #)
181 Legrand Avenue, Northvale, NJ 07647
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (201) 767-1910
Total number of sequentially numbered pages: 4
Exhibit index page number: 4
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ITEM 4 CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT
(a) Previous Independent Accountants
(i) On August 9, 1996, INRAD, Inc. dismissed Price Waterhouse LLP as its
independent accountants.
(ii) The reports of Price Waterhouse LLP on the financial statements for
the past two fiscal years ended December 31 contained no adverse
opinion or disclaimer of opinion and were not qualified or modified
as to uncertainty, audit scope or accounting principle, except that
such reports contained a separate paragraph regarding the
uncertainty of the Company to continue as a going concern due to the
Registrant's recurring losses and declining cash position.
(iii) The Registrant's Board of Directors participated in and approved the
decision to change independent accountants.
(iv) In connection with its audits for the two most recent fiscal years
and through August 1, 1996, 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 their report on the financial statements for such years.
(v) During the two most recent fiscal years and through August 1, 1996
there have been no reportable events [as defined in Regulation S-K
Item 304(a)(1)(v)].
(vi) Price Waterhouse LLP has furnished the Registrant with a letter
addressed to the SEC stating that it agrees with the above
statements. A copy of this letter is included as an exhibit to this
Form 8-K Report.
(b) New Independent Accountants
(i) The Registrant engaged Grant Thornton LLP as its new independent
accountants as of August 1, 1996. During the two most recent fiscal
years and through August 1, 1996, the Registrant has not consulted
with Grant Thornton LLP regarding either (i) 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 Registrant's financial statements, and either a written report
was provided to the Registrant or oral advice was provided that
Grant Thornton LLP concluded was an important factor considered by
the Registrant in reaching a decision as to the accounting, auditing
or financial reporting issue; or (ii) any matter that was either the
subject of a disagreement (as that term is defined in paragraph
304(a)(1)(iv) of Regulation S-K and the related instructions to
Regulation S-K) or a reportable event (as that term is defined in
paragraph 304(a)(1)(v) of Regulation S-K).
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
INRAD, INC.
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By: /s/Warren Ruderman
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Warren Ruderman, President/CEO
Date: August 29, 1996
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EXHIBIT 1
PRICE WATERHOUSE LLP
August 26, 1996
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Ladies and Gentlemen:
INRAD, INC.
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We have read Item 4 of INRAD, Inc's. Form 8-K dated August 1, 1996 and are in
agreement with the statements contained in paragraph 4(a) therein.
Yours very truly,
/s/Price Waterhouse LLP
Price Waterhouse LLP
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