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: February 21, 1997
IMTEC, INC.
(Exact name of Registrant as specified in charter)
Delaware 0-12661 03-0283466
(State or other (Commission File No.) (IRS Employer
jurisdiction of Identification Number)
incorporation)
One Imtec Lane, Bellows Falls, Vermont 05101
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (802) 463-9502
<PAGE>
Item 4. Changes in Registrant's Certifying Accountant.
On February 21, 1997, Registrant dismissed KPMG Peat Marwick
LLP ("KPMG") as Registrant's independent auditor.
KPMG's reports on Registrant's financial statements for each
of its two fiscal years ended June 30, 1996 and June 30, 1995, respectively
(collectively, the "Prior Fiscal Years"), did not contain an adverse opinion or
a disclaimer of opinion, nor were such reports qualified or modified as to
uncertainty, audit scope or accounting principles.
Registrant's dismissal of KPMG was unanimously approved by
Registrant's Board of Directors.
There were no disagreements ("Disagreement") between
Registrant and KPMG during either (i) the Prior Fiscal Years, or (ii) the period
July 1, 1996 through February 21, 1997 (the "Interim Period") on any matter of
accounting principles or practices, financial statement disclosure, or auditing
scope or procedure, which Disagreement, if not resolved to the satisfaction of
KPMG, would have caused KPMG to make reference to the subject matter of the
Disagreement in connection with its reports for the Prior Fiscal Years.
There were no "Reportable Events," as such term is defined in
Item 304(a)(1)(v) of Regulation S-K, during either (i) the Prior Fiscal Years or
(ii) the Interim Period.
On February 21, 1997, Registrant engaged Deloitte & Touche LLP
("DT") as its independent auditor for the Registrant's fiscal year ending June
30, 1997. Registrant did not consult DT during either (I) the Prior Fiscal Years
or (ii) the Interm Period with respect to either the application of accounting
principles to a specified transaction, either completed or proposed, or the type
of audit opinion that might be rendered on Registrant's financial statements, or
(iii) any matter that was either the subject of a Disagreement or a Reportable
Event.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) (i) Letter from KPMG dated , 1996*
* To be filed by amendment.
<PAGE>
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 thereunto duly authorized.
Dated: February 27, 1997 IMTEC, INC.
(Registrant)
By: /s/George S. Norfleet III
--------------------------
George S. Norfleet III
Secretary/Treasurer
