SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d)
Under the Securities Exchange Act of 1934
Date of Report
September 5, 1997
_________________
Commission File Number 1-8662
PROACTIVE TECHNOLOGIES, INC.
(formerly KEYSTONE MEDICAL CORPORATION)
(Exact name of registrant as specified in its charter)
Delaware 23-2265039
(State of Incorporation) (IRS Employer Identification No.)
7118 Beech Ridge Trail
Tallahassee, Florida 32312
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code:
(904) 668-8500
______________________________________________________________________________
Item 1. Changes in Control of Registrant
Not Applicable
Item 2. Acquisition or Disposition of Assets
Not Applicable
Item 3. Bankruptcy or Receivership
Not Applicable
Item 4. Changes in Registrant's Certifying Accountant
On September 6, 1997, the Company engaged Jones and Kolb,
C.P.A.,
of Atlanta, Georgia as its new certifying accountant. The engagement was due
to a fee dispute the Company had with its former certifying accountant,
Coopers & Lybrand, L.L.P. The Company did not consult with Jones and Kolb
regarding the application of accounting principles to a specific completed
transaction or the type of audit opinion that might be rendered on the
Company's financial statements.
On September 5, 1997, Coopers & Lybrand, L.L.P. resigned as
certifying auditor to the Company as a result of a fee dispute for the 1997
fiscal year-end audit for the Company. The Company changed auditors from
Guest and Company to Coopers & Lybrand in September, 1996 as reported in Form
8-K, filed September 26, 1996. As stated therein the report of Guest &
Company accompanying the Company's financial statements for the fiscal
years ended June 30, 1995, and June 30, 1994, did not contain an adverse
opinion, or a disclaimer of opinion, and was not modified or qualified with
respect to any uncertainty, audit scope or accounting principles. The report
of Coopers & Lybrand, L.L.P., accompanying the Company's financial
statements for the fiscal six months ended June 30, 1996, and the year
ended December 31, 1995, did not contain an adverse opinion, or a
disclaimer of opinion, and was not modified or qualified with respect
to any uncertainty, audit scope or accounting principles.
Coopers & Lybrand, L.L.P. has not rendered services since
September 5, 1997 and has not participated in the preparation of the Company's
audited financial statements for the fiscal year ended June 30, 1997.
The decision of the Company not to engage Coopers & Lybrand
as certifying auditor for the current fiscal year due to the fee dispute
and to engage a new certifying accountant was approved by its Board
of Directors. The Company is not aware of any unresolved agreements
with Coopers & Lybrand, L.L.P., with regard to any matter of
accounting principles or practices, financial statement disclosure,
or auditing scope or procedure for the fiscal six months
ended June 30, 1996, and the year ended December 31, 1995, nor from the period
beginning July 1, 1996 to September 5, 1997 , which, if not resolved to the
former accountant's satisfaction, would have caused it to make reference
to the subject matter of any disagreement in connection with its report.
Further,
the Company is not aware that Coopers & Lybrand ever advised the Company of
any of Items set forth in Regulation S-B Section 228.304 (a)(1)(iv)(B).
Item 5. Other Events
Not Applicable
Item 6. Resignations of Registrant's Directors
Not Applicable
Item 7. Financial Statements, Pro Forma Financial Information
Not Applicable
Item 8. Change in Fiscal Year
Not Applicable
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this registration statement to be signed on its
behalf by the undersigned, thereto duly authorized.
PROACTIVE TECHNOLOGIES, INC.
(formerly KEYSTONE MEDICAL CORP.)
Dated: September 5, 1997
By:___/s/______________________________
Mark A. Conner, President
