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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
Date of Report (Date of earliest event reported): March 3, 1998
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 zipcode 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 March 5, 1998, the Company finalized its decision not to
retain Arthur Andersen, LLP, 18500 Von Karman Avenue, Suite 1100,
Irvine, California 92612 ("Andersen"), Certified Public Accountants, to
audit the Company's financial statements for the year ended December 31,
1997.
The reason for this decision was the Company's desire to retain a
firm that would be more cost effective for the Company's size. The
Company was very pleased with the services provided by Andersen.
Andersen's report on the financial statements for the past year
did not contain an adverse opinion or a disclaimer of opinion, or was
not qualified or modified as to uncertainty, audit scope, or accounting
principles.
The decision to change accountants was made by the Chief
Executive Officer and Senior Vice President who constitute two of the
three members of the Board of Directors.
During the Company's two most recent fiscal years and the interim
period after December 31, 1996, there were no disagreements with
Andersen 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 Andersen, would
have caused Andersen to make a reference to the subject matter of the
disagreement(s) in connection with his report.
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On March 3, 1998, a new independent accounting firm, Corbin &
Wertz, Certified Public Accountants, 2603 Main Street, Suite 600,
Irvine, California 92614, completed their review for final acceptance of
the Company in order to be engaged by the Company as the principal
accountants to audit the Company's financial statements for the year
ended December 31, 1997, which engagement was ratified by the Company's
Chief Executive Officer and Senior Vice President on March 5, 1998.
See letter from Andersen attached as an exhibit hereto.
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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 16.1 Letter from Arthur Andersen, LLP on change in
certifying accountant.
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: March 9, 1998 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:
16.1 Letter from Arthur Andersen, LLP on change in certifying
accountant.
ARTHUR
ANDERSEN
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Arthur Andersen LLP
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Suite 800
18201 Von Karman Avenue
Irvine, CA 92612-1005
714 757 3100
March 9, 1998
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Dear Gentlemen:
We have read Item 4 included in the attached Form 8-K dated March 3, 1998 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
EXHIBIT 16.1
