MICROFRAME INC
8-K, 1996-01-18
COMPUTER PERIPHERAL EQUIPMENT, NEC
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                       SECURITIES AND EXCHANGE COMMISSION

                              WASHINGTON, DC 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):             January 10, 1996

                                MICROFRAME, INC.
                  ---------------------------------------------
             (Exact Name of Registrant as Specified in its Charter)


   New Jersey                       0-13117                      22-2413505
- ----------------             ----------------------             -------------
(State or Other             (Commission File Number)           (IRS Employer
Jurisdiction of                                              Identification No.)
Incorporation)


  21 Meridian Road, Edison, New Jersey                               08820
- ---------------------------------------                            ----------
(Address of Principal Executive Offices)                           (zip code)


Registrant's telephone number, including area code:             (908) 494-4440


                                 Not Applicable
                        --------------------------------
          (Former Name or Former Address, if Changed Since Last Report)



<PAGE>



ITEM 4.    CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT.

     On January 10, 1996, the Registrant received from Price Waterhouse LLP, its
independent  public  accountants,  a letter confirming that the relationship has
ceased.  On January 15, 1996, the Registrant's  Board of Directors  approved the
resignation of Price  Waterhouse LLP. There was no adverse opinion or disclaimer
of  opinion,  or  modification  as to  uncertainty,  audit  scope or  accounting
principles  contained in the reports of Price Waterhouse LLP for the past fiscal
year ended March 31, 1995.

     During the  Registrant's  most recent  fiscal year ended March 31, 1995 and
the subsequent  interim period  preceding  Price  Waterhouse LLP  resignation on
January 10, 1996, there were no  disagreements  with Price Waterhouse 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 Price  Waterhouse LLP would have caused Price  Waterhouse LLP to
make  reference  in  connection  with its  report  concerning  the  Registrant's
financial statements to the subject matter of the disagreements.


ITEM 7.    FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
           AND EXHIBITS.

           (a)   Financial Statements:  None

           (c)   Exhibits:

                    10.33     Letter from Price Waterhouse LLP to the Securities
                              and Exchange Commission relative to Item 4 of this
                              report.




                                       -2-

<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 hereto duly authorized.


                                           MICROFRAME, INC.


Date:   January 17, 1996                   By:  /s/ Lonnie L. Sciambi
                                               ------------------------------
                                                    Lonnie L. Sciambi, President
                                                     and Chief Executive Officer


                     
                                       -3-

<PAGE>



                                  EXHIBIT INDEX


Exhibit No.                  Description                               Page No.
- -----------                  -----------                               --------

10.33              Letter from Price Waterhouse LLP to the
                   Securities and Exchange Commission
                   relative to Item 4 of this report.



                                                                           
                                       -4-


                              PRICE WATERHOUSE LLP
                                  [Letterhead]


 
January 17, 1996



Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549

Ladies and Gentlemen:

We have read Item 4 of  Microframe,  Inc.'s Form 8-K dated  January 10, 1996 and
are in agreement with the statements contained in paragraph 4(a) therein.

Yours very truly,

/s/ Price Waterhouse LLP




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