SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES ACT OF 1934
Date of Report (Date of earliest event reported) October 12, 2000
Fechtor, Detwiler, Mitchell & Co.
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(Exact name of registrant as specified in charter)
Delaware 0-12926 95-2627415
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(State of other jurisdiction (Commission (IRS Employer or
incorporation) FileNumber) Identification No.)
225 Franklin Street, 20th Floor, Boston, Massachusetts 02110
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 617-451-0100
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
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ON OCTOBER 12, 2000, FECHTOR, DETWILER, MITCHELL & CO. ("THE REGISTRANT")
ENGAGED PRICEWATERHOUSECOOPERS LLP TO REPLACE DELOITTE & TOUCHE LLP AS THE
REGISTRANT'S INDEPENDENT PUBLIC ACCOUNTANTS
On October 12, 2000, the Registrant engaged
PricewaterhouseCoopers LLP ("PWC") to replace Deloitte & Touche
LLP ("D&T") as the Registrant's independent public accountants.
The decision to change auditors was approved by the Audit
Committee of the Board of Directors.
D&T's report on the financial statements of the Registrant for
the fiscal year ended December 31, 1999 did not contain any
adverse opinion or disclaimer of opinion and was not qualified or
modified as to uncertainty, audit scope or accounting principles.
During the Registrant's most recent fiscal year, and the
subsequent interim period through October 12, 2000, there were no
disagreements with D&T 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 D&T, would have caused D&T to make reference to
the subject matter of the disagreements in connection with its
audit report with respect to financial statements of the
Registrant.
During the Registrant's most recent fiscal year, and the
subsequent interim period through October 12, 2000, there was no
disagreement or difference of opinion with D&T regarding any
"reportable event," as that term is defined in Item 304(a)(1)(v)
of Regulation S-K.
The Registrant has provided D&T with a copy of this Report, and
has requested that D&T furnish the Registrant with a letter
addressed to the Commission stating whether it agrees with the
statements made by the Registrant. Such letter is attached hereto
as Exhibit 16.
During the most recent fiscal year and the subsequent interim
period through October 12, 2000, neither the Registrant nor
anyone on behalf of the Registrant consulted PWC regarding 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 the financial statements of the
Registrant or any matter that was either the subject of a
disagreement, within the meaning of Item 304(a)(1)(iv) of
Regulation S-K, or any reportable event, as that term is defined
in Item 304(a)(1)(v) of Regulation S-K.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits.
(c) Exhibits:
16. Letter of Deloitte & Touche LLP re: Change
in Certifying Accountant.
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SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act
of 1934, the Registrant has duly caused this Report to be signed
on its behalf by the undersigned hereunto duly authorized.
FECHTOR, DETWILER, MITCHELL & CO.
Dated: October 16, 2000 By: /s/ Stephen D. Martino
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Stephen D. Martino
Chief Financial Officer and
Principal Accounting Officer
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Exhibit 16
October 16, 2000
Securities and Exchange Commission
Mail Stop 11-3
450 5th Street, N.W.
Washington, DC 20549
We have read and agree with the comments in Item 4 of Form 8-K of
Fechtor, Detwiler, Mitchell & Co. dated October 16, 2000.
Yours truly,
/s/ Deloitte & Touche LLP
Deloitte & Touche
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