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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
AMENDMENT NO. 1
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 15, 1996
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GLOBAL OUTDOORS, INC.
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(Exact name of Registrant as specified in its charter)
Alaska 0-17287 33-0074499
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(State or other juris- (Commission (IRS Employer Identi-
diction of incorporation File Number) fication Number)
or organization)
43445 Business Park Drive, Suite 113
Temecula, California 92590
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(Address and zip code of principal executive offices)
(909) 699-4749
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name or former address, if changes since last report.)
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INFORMATION TO BE INCLUDED IN THE REPORT
ITEM 1. CHANGES IN CONTROL OF REGISTRANT.
Not Applicable.
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
Not Applicable.
ITEM 3. BANKRUPTCY OR RECEIVERSHIP.
Not Applicable.
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
On October 15, 1996, the Company dismissed Kenneth E. Walsh
("Walsh"), Certified Public Accountant, in regard to the audit of the
Company's financial statements for the year ended December 31, 1996.
During the Company's two most recent fiscal years and the interim
period after December 31, 1995, through the date of dismissal, there were no
disagreements with Walsh on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure, which
disagreement(s), if not resolved to the satisfaction of Walsh, would have
caused Walsh to make a reference to the subject matter of the disagreement(s)
in connection with his report.
The Company contacted Arthur Andersen, LLP ("Andersen") prior to
their engagement. Andersen informed the Company that it needed to perform
substantial due diligence on the Company, its officers and significant
accounting policies before they could consider accepting the Company as a
client. In connection therewith, the Company retained Andersen to complete
said procedures. After completing the procedures, Andersen orally informed
management that they would accept the Company as a client. In addition,
prior to their engagement Andersen orally informed management that, based
soley on reading the Company's financial statements and discussions with
Company officers, the Company's revenue recognition policies were supported
by analogy to existing literature.
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ITEM 5. OTHER EVENTS.
Not Applicable.
ITEM 6. RESIGNATIONS OF THE REGISTRANT'S DIRECTORS.
Not Applicable.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
Exhibit 16.2 Letter from Kenneth E. Walsh, former
accountant.
Exhibit 16.3 Letter from Arthur Andersen, LLP, new
accountants.
ITEM 8. CHANGE IN FISCAL YEAR.
Not Applicable.
SIGNATURES
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.
GLOBAL OUTDOORS, INC.
(Registrant)
Date: December 3, 1996 BY: /s/ Richard K. Dickson II
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RICHARD K. DICKSON II
General Counsel and Sr. VP
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EXHIBIT INDEX
Exhibit:
Exhibit 16.2 Letter from Kenneth E. Walsh, former
accountant.
Exhibit 16.3 Letter from Arthur Andersen, LLP, new
accountants.
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Exhibit 16.2
KENNETH E. WALSH
Certified Public Accountant
3820 Del Amo Boulevard, Suite 305
Torrance, California 90503
(310) 793-7005 o FAX (310) 791-0189
December 2, 1996
Securities and Exchange Commission
450 5th Street, N.W.
Washington, D.C. 20549
Re: Global Outdoors, Inc. (Registrant)
Commission File Number 0-17287
Ladies and Gentlemen:
I agree with the statements made by the above Registrant in Item 4 of its Form
8-K, Amendment No. 1, Date of Report (earliest reported event) October 15,1996.
/s/ Kenneth E. Walsh
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Kenneth E. Walsh
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Exhibit 16.3
[ARTHUR ANDERSEN LETTERHEAD]
December 2, 1996
Securities and Exchange Commission
450 5th Street, N.W.
Washington, D.C. 20549
Re: Global Outdoors, Inc.
Commission File Number 0-17287
Ladies and Gentlemen:
We have read Item 4 included in the attached Amendment No. 1 to Form 8-K, dated
October 15, 1996, of Global Outdoors, Inc. to be filed with the Securities and
Exchange Commission and are in agreement with the statements contained therein.
Very Truly Yours,
/s/ ARTHUR ANDERSEN LLP
ARTHUR ANDERSEN LLP
