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): January 5, 1998
COMPUTRAC, INC.
(Exact name of registrant as specified in its charter)
TEXAS
(State or other jurisdiction of incorporation or organization)
1-9115 75-1540265
(Commission File Number) (I.R.S. Employer Identification No.)
222 Municipal Drive Richardson, Texas 75080
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (972) 234-4241
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
(a) SECTION 304(a)(1):
(i) On January 5, 1998, CompuTrac, Inc. (the Company)
dismissed the accounting firm of Price Waterhouse LLP,
Dallas, Texas, who have acted as certifying accountants
for the Company for the years ending January 31, 1984
through January 31, 1997.
(ii) None of the prior certifying accountants' reports on the
Company's financial statements for the past two years
contained an adverse opinion or disclaimer of opinion, or
were qualified or modified as to uncertainty, audit scope
or accounting principle.
(iii) The change of principal accountants was approved by the
Company's Board of Directors on December 29, 1997.
(iv) In connection with its audits for the two most recent
fiscal years and through January 5, 1998, there have been
no disagreements with Price Waterhouse LLP, on any matter
of accounting principle or practice, financial statement
disclosure, or auditing scope or procedure, which
disagreements, if not resolved to the satisfaction of
Price Waterhouse LLP, would have caused said accountants
to make reference to the subject matter of such
disagreements in their reports on the financial statements
for such years.
(v) The Registrant has requested that Price Waterhouse LLP
furnish it with a letter addressed to the Securities and
Exchange Commission stating whether or not it agrees with
the above statements. A copy of such letter, dated
January 5, 1998, is filed as Exhibit 4.0 to this Form 8-K.
(b) SECTION 304(a)(2):
(2) Effective January 5, 1998, the Company has engaged the
accounting firm of Grant Thornton LLP, Dallas, Texas, to act as
certifying accountants for the year ending January 31, 1998.
(i) There were no written or oral consultations regarding the
application of accounting principles to a specific completed or
contemplated transaction, or to the type of audit opinion that
might be rendered in the Company's decision to change
accounting firms.
(ii) (not applicable)
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ITEM 7. FINANCIAL STATEMENT, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS.
(a) The following exhibits are filed with this report.
4.0 Statement of prior certifying accountant in response to the
information disclosed herein.
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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 authorized.
COMPUTRAC, INC.
/s/ Cheri L. White
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Cheri L. White
Vice President _ Finance and
Chief Financial Officer
Date: January 5, 1998
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EXHIBIT INDEX
SEQUENTIALLY
EXHIBIT NO. EXHIBIT NAME NUMBERED PAGE
4.0 Statement of prior certifying accountant 5
in response to the information disclosed
herein.
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EXHIBIT 4.0
January 5, 1998
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Ladies and Gentlemen:
COMPUTRAC, INC.
We have read Item 4 of CompuTrac, Inc.'s Form 8-K dated January 5, 1998,
and are in agreement with the statements contained in paragraph 4(a)
therein.
Yours very truly,
/s/ Price Waterhouse LLP
