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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) July 1, 1999
INTEGRATED SECURITY SYSTEMS, INC.
(Exact name of registrant as specified in its charter)
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DE 1-11900 75-2422983
(State or other jurisdiction (Commission File Number) (I.R.S. Employer Identification No.)
of incorporation)
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8200 SPRINGWOOD DRIVE, SUITE 230, IRVING, TX 75063
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (972) 444-8280
(Former name or former address, if changed since last report.)
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Item 4. Changes in Registrant's Certifying Accountant
On July 1, 1999, the Board of Directors of Integrated Security Systems,
Inc. (the "Company") approved the dismissal of PricewaterhouseCoopers LLP as
the Company's independent accountant. The Company's Audit Committee
participated in and approved the decision to change independent accountants.
The reports of PricewaterhouseCoopers LLP on the financial statements for the
past two fiscal years contained no diverse opinion or disclaimer of opinion and
were not qualified or modified as to uncertainty, audit scope or accounting
principle. Each report did include an explanatory paragraph regarding the
ability of the Company to continue as a going concern. In connection with its
audits for the two most recent fiscal years and through July 1, 1999, there
have been no disagreements with PricewaterhouseCoopers 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
PricewaterhouseCoopers LLP would have caused them to make reference thereto in
their report on the financial statements for such years.
The Company has requested that PricewaterhouseCoopers LLP furnish it
with a letter addressed to the SEC stating whether or not it agrees with the
above statements. A copy of such letter, dated July 8, 1999, is filed as
Exhibit 16 to this Form 8-K.
Effective July 1, 1999, the Company engaged Grant Thornton LLP as its
principal accountant to audit the Company's financial statements.
Item 7. Financial Statements and Exhibits
Exhibit Number Description
16 Letter from PricewaterhouseCoopers LLP to the Securities
and Exchange Commission.
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 duly authorized.
INTEGRATED SECURITY SYSTEMS, INC.
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(Registrant)
July 9, 1999 /s/ Gerald K. Beckmann
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(Date) Gerald K. Beckmann
President and CEO
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INDEX TO EXHIBITS
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Exhibit
Number Description
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16 Letter from PricewaterhouseCoopers LLP to the Securities and
Exchange Commission.
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Exhibit 16:
July 8, 1999
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Commissioners:
We have read the statements made by Integrated Security Systems, Inc. (copy
attached), which we understand will be filed with the Commission, pursuant to
Item 4 of Form 8-K as part of the Company's Form 8-K report dated July 1, 1999.
We agree with the statements concerning our Firm in such Form 8-K
Very truly yours,
/s/ PRICEWATERHOUSECOOPERS LLP
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PricewaterhouseCoopers LLP
Dallas, Texas
