EQK REALTY INVESTORS I
8-K, 1995-06-23
REAL ESTATE INVESTMENT TRUSTS
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<PAGE>   1

                       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) June 22, 1995


                             EQK REALTY INVESTORS I
- -------------------------------------------------------------------------------



Massachusetts                       1-8815                     23-2320360    
- --------------------------  ------------------------    ------------------------
(State or other juris-      (Commission File Number)          (IRS Employer 
diction of incorporation)                                  Identification No.)


5775 Peachtree Dunwoody Road, Suite 200D, Atlanta, GA              30342
- -----------------------------------------------------           -----------
(Address of principal executive offices)                        (Zip Code)



Registrant's telephone number, including area code    (404) 303-6100  
                                                      --------------


                                      N/A
- -------------------------------------------------------------------------------
         (Former name or former address, if changed since last report.)



                        Exhibit Index Appears on Page 4


                                  Page 1 of 6
<PAGE>   2


Item 5.          Other Events

                 EQK Realty Investors I (the "Company") filed its Annual
                 Report on Form 10-K for the year ended December 31, 1994 with
                 the U.S. Securities and Exchange Commission on March 30, 1995
                 (the "Form 10-K").  The report on the Company's financial
                 statements issued by Deloitte & Touche LLP included in such
                 filing contained the following "emphasis of a matter"
                 paragraph as its fifth and final paragraph:

                          As discussed in Note 2 to the financial statements,
                          the Trust's existing mortgage note and its term loan
                          mature on December 15, 1995. Management's plans with
                          regard to the maturity of the mortgage note and term
                          loan are also described in Note 2.

                 On April 28, 1995, the Company commenced distribution of its
                 1994 Annual Report to its shareholders.  Subsequent to the
                 completion of the distribution, the Company noted that because
                 of a printing error the report of Deloitte & Touche LLP
                 included in the 1994 Annual Report did not contain the same
                 wording of this fifth paragraph as had been included in the
                 Form 10-K.

                 On June 22, 1995 the Company notified its shareholders of this
                 printing error by letter and provided the shareholders with
                 the appropriate independent auditors' report.

Item 7.          Financial Statements, Pro Forma Financial Information and
                 Exhibits


                 (c)      Exhibits

                 99.1     Notification letter sent by the Company dated June
                          22, 1995 with the appropriate report of Deloitte &
                          Touche LLP, independent accountants, dated March 10,
                          1995.





                                  Page 2 of 6
<PAGE>   3


                                   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.


                               EQK REALTY INVESTORS I



DATE:  JUNE 22, 1995           BY: /S/ WILLIAM G. BROWN, JR.
                                   ------------------------------------------
                                   NAME:  WILLIAM G. BROWN, JR.
                                   TITLE: VICE PRESIDENT AND CONTROLLER
                                          (PRINCIPAL ACCOUNTING OFFICER)





                                  Page 3 of 6
<PAGE>   4


                                 EXHIBIT INDEX


<TABLE>
<CAPTION>
Exhibit                                                                                                              Sequentially
Number                                                                                                               Numbered Page
<S>                       <C>                                                                                            <C>
99.1                      Notification letter sent by the Company                                                        5
                          dated June 22, 1995 with the appropriate
                          report of Deloitte & Touche LLP,
                          independent accountants, dated March 10, 1995.
</TABLE>





                                  Page 4 of 6

<PAGE>   1

June 22, 1995



To the Shareholders of EQK Realty Investors I:

We wish to inform you of a printing error contained within the independent
auditors' report included in the Company's 1994 Annual Report.  The fifth and
final paragraph of this report, which appears on page 23 of the 1994 Annual
Report, should have read as follows:

         As discussed in Note 2 to the financial statements, the Trust's
         existing mortgage note and its term loan mature on December 15, 1995.
         Management's plans with regard to the maturity of the mortgage note
         and term loan are also described in Note 2.

Enclosed is the appropriate independent auditors' report which should be
inserted in your copy of the Company's 1994 Annual Report replacing the current
page 23.

Sincerely,



EQK REALTY INVESTORS I


                                 Page 5 of 6
<PAGE>   2


                      (DELOITTE & TOUCHE LLP LETTERHEAD)

INDEPENDENT AUDITORS' REPORT


To the Board of Trustees and
  Shareholders of EQK Realty Investors I:

We have audited the accompanying balance sheets of EQK Realty Investors I (a
Massachusetts business trust) as of December 31, 1994 and 1993 and the related
statements of operations, shareholders' equity, and cash flows for each of the
three years in the period ended December 31, 1994.  These financial statements
and the financial statement schedule discussed below are the responsibility of
the Trust's management.  Our responsibility is to express an opinion on the
financial statements and financial statement schedule based on our audits.

We conducted our audits in accordance with generally accepted auditing
standards.  Those standards require that we plan and perform the audits to
obtain reasonable assurance about whether the financial statements are free of
material misstatement.  An audit includes examining on a test basis, evidence
supporting the amounts and disclosures in the financial statements.  An audit
also includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial
statements presentation.  We believe that our audits provide a reasonable basis
for our opinion.

In our opinion, such financial statements present fairly, in all material
respects, the financial position of EQK Realty Investors I as of December 31,
1994 and 1993 and the results of its operations and its cash flows for each of
the three years in the period ended December 31, 1994 in conformity with
generally accepted accounting principles.

Our audits comprehended the financial statement schedule of EQK Realty
Investors I as of December 31, 1994 and 1993 and for each of the three years in
the period ended December 31, 1994.  In our opinion, such financial statement
schedule, when considered in relation to the basic financial statements,
presents fairly, in all material respects, the information shown therein.

As discussed in Note 2 to the financial statements, the Trust's
existing mortgage note and its term loan mature on December 15, 1995. 
Management's plans with regard to the maturity of the mortgage note and term
loan are also described in Note 2.

Deloitte & Touche LLP

March 10, 1995



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