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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 28, 1995
INSTEEL INDUSTRIES, INC.
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(Exact name of registrant as specified in its charter)
NORTH CAROLINA 1-9929 56-0674867
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(State or other jurisdiction of (Commission File (I.R.S. Employer
incorporation) Number) Identification No.)
1373 BOGGS DRIVE, MOUNT AIRY, NORTH CAROLINA 27030
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(Address of principal executive offices)
Registrant's telephone number, including area code: 910/786-2141
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NOT APPLICABLE
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(Former name or former address, if changed since last report)
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
Deloitte & Touche LLP has previously served as the principal
accountants for Insteel Industries, Inc. (the "Company"). Subject to approval
by the Company's Board of Directors, on June 28, 1995, the Company recommended
the selection of KPMG Peat Marwick LLP as its principal accountants.
During the Company's two most recent fiscal years ended September 30,
1994, and the subsequent interim period through June 28, 1995, there were no
disagreements with Deloitte & Touche LLP on any matter of accounting principles
or practices, financial statement disclosure, or auditing scope or procedures,
which if not resolved to their satisfaction would have caused them to make
reference to the subject matter of the disagreements in connection with their
opinion.
The audit reports of Deloitte & Touche LLP on the consolidated
financial statements of the Company for the two fiscal years ended September
30, 1994 did not contain any adverse opinion or disclaimer of opinion, nor were
they qualified or modified as to uncertainty, audit scope, or accounting
principles.
The Company requested Deloitte & Touche LLP to furnish the Company
with a letter addressed to the Securities and Exchange Commission stating
whether Deloitte & Touche LLP agrees with the statements made by the Company in
response to this Item 4 and, if not, stating the respects in which Deloitte &
Touche LLP does not agree. In response to such request, the Company received a
letter from Deloitte & Touche LLP, which is attached as an exhibit hereto.
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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.
INSTEEL INDUSTRIES, INC
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Registrant
By /s/ H.O. Woltz III
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H.O. Woltz III
President and Chief Executive Officer
Date: July 5, 1995 By /s/ Michael C. Gazmarian
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Michael C. Gazmarian
Chief Financial Officer and Treasurer
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EXHIBIT INDEX
TO CURRENT REPORT
ON FORM 8-K FOR
INSTEEL INDUSTRIES, INC.
DATED JUNE 28, 1995
<TABLE>
<CAPTION>
Exhibit No. Description
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<S> <C>
16 Letter from Deloitte & Touche LLP regarding change in certifying
accountants, dated June 30, 1995
</TABLE>
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EXHIBIT NO. 16
DELOITTE &
TOUCHE LLP
__________ ___________________________________________________________
[LOGO] 1100 Carillon Telephone: (704) 372-3560
227 West Trade Street
Charlotte, North Carolina 28202-1675
June 30, 1995
Securities and Exchange Commission
Mail Stop 7-2
450 5th Street, N.W.
Washington, DC 20549
Dear Sirs/Madams:
We have read and agree with the comments in Item 4 of Form 8-K of Insteel
Industries, Inc. dated June 28, 1995.
Yours truly,
Deloitte & Touche LLP
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DELOITTE TOUCHE
TOHMATSU
INTERNATIONAL
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