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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 Act of 1934
Date of Report (Date of earliest event reported):
December 19, 1997 (December 19, 1997)
RECYCLING INDUSTRIES, INC.
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(Exact name of registrant as specified in its charter)
Colorado 0-20179 84-1103445
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(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
9780 Meridian Blvd. South, Suite 180
Englewood, Colorado 80112
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(Address of principal executive offices)(Zip Code)
Registrant's telephone number, including area code: (303) 790-7372
Not Applicable
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(Former name or former address, if changed since last report.)
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Item 4. Change in Registrant's Wholly-Owned Subsidiaries' Certifying
Accountant.
(a) On December 19, 1997, AJ. Robbins, P.C. was dismissed as the
Registrant's principal accountant for two of its wholly-owned subsidiaries,
NR Holdings, Inc. and Nevada Recycling, Inc. (the "Subsidiaries").
Statements of the Subsidiaries for the past two years prepared by AJ.
Robbins, P.C. did not contain an adverse opinion, a disclaimer of opinion, or
were qualified or modified as to uncertainty, audit scope or accounting
principles. The decision to change accountants was approved by the
Registrant's audit committee. During the two most recent fiscal years and
through December 19, 1997, there has been no disagreement with AJ. Robbins,
P.C. on any matter of accounting principles or practices, financial statement
disclosure, or auditing scope or procedure, which disagreement, if not
resolved to the satisfaction of AJ. Robbins, P.C. would have caused it to
make a reference to the subject matter of the disagreement in connection with
its report.
(b) The Registrant engaged BDO Seidman, LLP as principal independent
accountants for Recycling Industries, Inc. and subsidiaries except NR
Holding, Inc. and Nevada Recycling, Inc. on March 25, 1996. This change in
certifying accountants was previously filed on Form 8-K dated March 30, 1996.
The Registrant engaged BDO Seidman, LLP as principal independent accountants
for the Subsidiaries on December 19, 1997. The Registrant has not consulted
BDO Seidman regarding any accounting principles or disagreements with the
Subsidiaries' former principal independent accountant, AJ. Robbins, P.C.
prior to the engagement of BDO Seidman, LLP.
Item 7. Financial Statements and Exhibits.
(a) and (b) Financial Statements of Business Acquired.
None
(c) EXHIBIT
NUMBER DESCRIPTION
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16 Letter from AJ. Robbins, P.C. dated December
19, 1997, addressed to the Securities and
Exchange Commission.
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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 hereunto duly authorized.
RECYCLING INDUSTRIES, INC.
BY /s/ Thomas J. Wiens
Date: December 23, 1997 ----------------------------
Chairman and CEO
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AJ. ROBBINS, P.C.
CERTIFIED PUBLIC ACCOUNTANTS
AND CONSULTANTS
3033 EAST 1ST AVENUE, SUITE 201
DENVER, COLORADO 80206
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Gentlemen:
We have read and agree with the comments in Item 4 of Form 8-K of Recycling
Industries, Inc. dated December 19, 1997.
/s/ AJ. Robbins
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AJ. ROBBINS, P.C.
CERTIFIED PUBLIC ACCOUNTANTS
AND CONSULTANTS
Denver, Colorado
December 19, 1997
