8-K, 2000-12-11
Previous: LIGHT MANAGEMENT GROUP INC, 10QSB/A, EX-27, 2000-12-11
Next: ALTERA CORP, 8-K, 2000-12-11

                                  UNITED STATES
                             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 Event Requiring Report: December 11, 2000

                          LIGHT MANAGEMENT GROUP, INC.
             (Exact name of registrant as specified in its charter)

         (State or other jurisdiction of incorporation or organization)

    002-97360-A                                             59-2091510
(Commission File Number)                    (IRS Employer Identification Number)

              3060 Mainway, Suite 301, Burlington, Ontario L7M 1A3
                    (Address of principal executive offices)

                                 (800) 465-9216
              (Registrant's telephone number, including area code)


Item 4.                    Changes in Registrant's Certifying Accountant

     On December 11, 2000,  the Board of  Directors of Light  Management  Group,
Inc., a Nevada corporation (the "Company"),  retained Feldman, Sherb & Co., P.C.
("Feldman  Sherb") as the Company's  auditor for the fiscal year ended  December
31, 2000.  The Company  decided to change  auditors  because it sought a greater
international  experience than its previous  auditor,  James E. Slayton,  C.P.A.

     Neither of Slayton's reports on the financial  statements for either of the
past two fiscal years  contained an adverse opinion or disclaimer of opinion nor
were they modified as to uncertainty, audit scope, or accounting principles.

     The Company did not have any  disagreements  with  Slayton on any matter of
accounting principles or practices,  financial statement disclosure, or auditing
scope  or  procedure,   which,  if  not  resolved  to  the  former  accountant's
satisfaction,  would have caused it to make  reference to the subject  matter of
the disagreement(s) in connection with its report.

     Prior to retaining its services, the Company did not consult Feldman, Sherb
& Co. regarding the application of accounting principles to a specific completed
or contemplated transaction, or the type of audit opinion that might be rendered
on the Company's financial  statements and Feldman,  Sherb & Co. did not provide
any written or oral advice on any accounting,  auditing,  or financial reporting

     The Company has provided Slayton with a copy of this disclosure and expects
him to furnish a letter  addressed to the Commission  stating  whether he agrees
with the  statements  made herein and, if not,  stating the respects in which he
does not agree.

Item 5.                             Other Events

     In the  course  of  reviewing  documentation  relating  to  services  to be
rendered in  conjunction  with the audit for the fiscal year ended  December 31,
2000, Feldman Sherb discovered an insignificant and immaterial error in the 1999
audit. The Company's par value was listed as $0.02 instead of $0.0001 per share.
Therefore, the correct stated capital, as of September 30, 2000 and December 31,
1999, is $1688 and $1618, respectively.

     Feldman  Sherb will be auditing the fiscal year ended  December 31, 1999 to
ensure no other  errors are  contained  in the audit.  The Company  believes the
financial  statements  contained in its Form 10-KSB for the year ended  December
31, 1999, are materially accurate,  even though the par value and stated capital
are incorrect. The erroneous par value has no impact whatsoever on the Company's
net loss for the year ended December 31, 1999.



         Pursuant  to  the  requirement  of the  Securities  Act  of  1934,  the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

Dated this 11th day of December, 2000.

                                      Light Management Group, Inc.

                                      By:       /s/ Donald Iwacha
                                               Light Management Group, Inc.
                                               By: Donald Iwacha, President

© 2019 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission