UNITED STATES
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
March 26, 1997
ABC DISPENSING TECHNOLOGIES, INC.
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(Exact name of registrant as specified in its charter)
FLORIDA 0-14922 59-2001203
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(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
451 KENNEDY ROAD
AKRON, OHIO 44305
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (330) 733-2841
N/A
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(Former name or former address, if changed since last report)
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Item 4. Changes in Registrant's Certifying Accountant.
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On March 20, 1997, the Registrant notified Ernst & Young, LLP
("E&Y") that they were dismissed as the Registrants' independent auditor.
The Registrant and E&Y have not, in connection with the audit of the
Registrant's financial statements for each of the prior two years ended April
27, 1996 and April 29, 1995 or for any subsequent interim period prior to and
including March 20, 1997, had any disagreement on any matter of accounting
principles or practices, financial statement disclosure, or auditing scope or
procedure, which disagreement, if not resolved to E&Y's satisfaction, would have
caused E&Y to make reference to the subject matter of the disagreement in
connection with its reports.
The reports of E&Y on the Company's financial statements for the
past two fiscal years did not contain an adverse opinion or a disclaimer of
opinion and were not qualified or modified as to uncertainty, audit scope or
accounting principles, except that the report of E&Y on the Company's financial
statements for the year ended April 27, 1996 included an explanatory paragraph
relating to an uncertainty about the Company's ability to continue as a going
concern.
The decision to change accountants was approved by the Registrant's
board of directors.
On March 20, 1997, the Registrant appointed Grant Thornton, LLP its
independent accountant and Grant Thornton, LLP accepted such appointment.
The Registrant had no relationship with Grant Thornton, LLP required
to be reported pursuant to Regulation S-K item 304(a)(2) during the two fiscal
periods ended April 27, 1996 and April 29, 1995, or the subsequent interim
period prior to and including March 20, 1997
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
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(c) Exhibits.
16.1 Letter from E&Y regarding its concurrence with the
Registrant's statement regarding change of accountants.
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SIGNATURE
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.
ABC DISPENSING TECHNOLOGIES, INC.
Date: March 26, 1997 By: /s/ Charles M. Stimac, Jr.
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Charles M. Stimac, Jr.
President/CEO
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EXHIBIT 16.1 TO FORM 8-K
March 26, 1997
Securities and Exchange Commission
450 Fifth Street, North West
Washington, D.C. 20549
Gentlemen:
We have read Item 4 of Form 8-K dated March 26, 1997, of ABC Dispensing
Technologies, Inc. and are in agreement with the statements contained in the
first three paragraphs on page 2 therein. We have no basis to agree or disagree
with other statements of the registrant contained therein.
Very truly yours,
/s/ ERNST & YOUNG LLP
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ERNST & YOUNG LLP
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