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FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities and Exchange Act of 1934
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Date of Report (Date of
Earliest Event Reported): October 25, 1995
RENT-A-WRECK OF AMERICA, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 0-14819 95-3926056
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(State or other jurisdiction (Commission File (I.R.S. Employer
of incorporation) Number) Identification No.)
11460 CRONRIDGE DRIVE, SUITE 118, OWINGS MILLS, MARYLAND 21117
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (410) 581-5755
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
On October 30, 1995, the Board of Directors of Rent-a-Wreck of America,
Inc. (the "Registrant") unanimously approved the dismissal of Arthur Andersen
LLP as the Registrant's independent certified public accountant. On that same
date, the Registrant's Board of Directors approved the engagement of Grant
Thornton, LLP as the Registrant's new independent certified public accountants
for the fiscal year ending March 31, 1996. Arthur Andersen LLP was notified of
its dismissal, and Grant Thornton of its engagement on October 25, 1995.
During the Registrant's two most recent fiscal years and through
October 25, 1995, there were no disagreements with Arthur Andersen LLP on any
matters of accounting principles or practices, financial statement disclosures,
or auditing scope or procedures, which disagreements, if not resolved to the
satisfaction of Arthur Andersen LLP, would have caused the firm to make
reference in connection with its report to the subject matter of the
disagreement.
Arthur Andersen LLP's report on the financial statements for the past
two years contain no adverse opinion or disclaimer of opinion and was not
qualified or modified as to uncertainty, audit scope, or accounting principles.
During the Registrant's two most recent fiscal years and through
October 25, 1995, there were no "reportable events" (as defined in Regulation
S-K Item 304(a)(1)(v)).
The Registrant has provided Arthur Andersen LLP with a copy of the
disclosures contained herein and requested that Arthur Andersen LLP furnish it
with a letter addressed to the Securities and Exchange Commission stating
whether it agrees with the statements made by the Registrant herein, and, if
not, stating the respects in which it does not agree. A copy of Arthur
Andersen LLP's letter dated October 27, 1995, is filed as Exhibit 16 to this
Form 8-K.
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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
See "Exhibit Index" on the last page of this report, which is
incorporated herein by reference.
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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 thereunto duly authorized.
RENT-A-WRECK OF AMERICA, INC.
(Registrant)
/s/ Kenneth L. Blum, Sr.
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Kenneth L. Blum, Sr.
Chairman of the Board and Chief Executive
Officer
/s/ Kenneth L. Blum, Jr.
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Kenneth L. Blum, Jr.
President and Secretary
Date: October 30, 1995
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RENT-A-WRECK OF AMERICA, INC.
EXHIBIT INDEX
TO
FORM 8-K CURRENT REPORT
DATED: OCTOBER 25, 1995
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<CAPTION>
Exhibit Number Description Filed Herewith Sequential Page No.
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<S> <C> <C>
16 Letter of Arthur x
Andersen LLP to the
Securities and Exchange
Commission
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EXHIBIT 16
[ARTHUR ANDERSEN LETTERHEAD]
October 27, 1995
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, DC 20549
RE: RENT-A-WRECK OF AMERICA, INC
COMMISSION FILE NO. 0-14819
Gentlemen:
We have read Item 4 of the Form 8-K of Rent-a-Wreck of America, Inc. dated
October 25, 1995, and agree with the statements contained therein.
Very truly yours,
Arthur Andersen LLP
ARTHUR ANDERSEN LLP
