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 Event Requiring Report: December 11, 2000
------------------
LIGHT MANAGEMENT GROUP, INC.
----------------------------
(Exact name of registrant as specified in its charter)
NEVADA
(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)
<PAGE>
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.
("Slayton").
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
issue.
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.
<PAGE>
SIGNATURES
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
