SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pusuant to Section 13 of 15(d) of the
Securities Exchange Act of 1934
Date of Report January 28, 2000
(Date of earliest event reported)
PERFORMANCE INDUSTRIES, INC.
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(exact name of registrant as specified in its charter)
0-11331 34-1334199
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(Commission File Number) (IRS Employer Identification Number)
2701 E. Camelback Road, Arizona 85016
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(Address of principal executive offices) (Zip Code)
(602) 912-0000
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(Registrant's telephone number, including area code)
<PAGE>
Form 8-K Current Report
Item 4. Change in Registrant's Certifying Accountant.
1. On January 28, 2000, the Company was notified that McGladrey & Pullen, LLP.
had acquired the attest of the Registrants independent auditors Toback CPA's
P.C. and that Toback CPA's would no longer be the auditor for the Registrant.
McGladrey & Pullen, LLP was appointed as the Registrant's new auditor.
2. The auditor's reports from Toback CPA's P.C. for the Registrant's past two
fiscal years did not contain an adverse opinion or a disclaimer of opinion, and
were not qualified or modified as to uncerainty, audit scope, or accounting
principles.
3. The decision to engage McGladrey & Pullen, LLP was approved by the board of
directors.
4. During the Registrant's two most recent fiscal years and the subsequent
interim period proceeding the change, ther have been no disagreements with
Toback CPA's on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure.
5. The Registrant has requested Toback CPA's, P.C. to furnish a letter addressed
to the Commission stating whether it agrees with the statements made in this
Item. Such letter is included in an exhibit to this Form 8-K.
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 of the
undersigned thereunto duly authorized.
Performance Industries
Date: February 4, 2000 By: /s/ Joe Hrudks
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Joe Hrudks
President
Date: February 4, 2000 By: /s/ Ed Fochtman
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Ed Fochtman
Chief Financial Officer
[Letterhead of TOBACK]
February 4, 2000
Securities and Exchange Commission
Washington, D.C. 20549
Gentlemen:
We were previously the independent accountants for Performance Industries, Inc.
and on March 23, 1999 we reported on the consolidated financial statements of
Performance Industries, Inc. and subsidiaries as of and for the three years
ended December 31, 1998. On January 28, 2000 we informed Performance Industries,
Inc. that McGladrey & Pullen, L.L.P. had acquired our attest assets and we would
no longer be the independent accountants of Performance Industries, Inc. We have
read Performance Industries, Inc. statements included under Item 4 of its Form
8-K for February 4, 2000 and we agree with such statements.
TOBACK CPAs, P.C.
Phoenix, Arizona
February 4, 2000
