SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): September 26, 1997
Penn Engineering & Manufacturing Corp.
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(Exact name of registrant as specified in its charter)
Delaware 1-5356 23-0951065
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(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
P.O. Box 1000, Danboro, Pennsylvania 18916
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (215) 766-8853
N/A
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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.
On September 26, 1997, upon approval of Registrant's Board of Directors
and the audit committee of the Board of Directors, Registrant notified its
independent auditors, Deloitte & Touche LLP ("Deloitte"), in writing that it
would not be retaining Deloitte as Registrant's independent auditors.
Deloitte's reports on the financial statements of Registrant for the
fiscal years ended December 31, 1995 and December 31, 1996 did not contain any
adverse opinion or any disclaimer of opinion and were not qualified or modified
as to uncertainty, audit scope or accounting principles.
During the fiscal years ended December 31, 1995 and December 31, 1996,
and the subsequent interim periods preceding the notice, there were no
disagreements between the Registrant and Deloitte on any matter of accounting
principles or practices, financial statement disclosure or auditing scope or
procedure which, if not resolved to the satisfaction of Deloitte, would have
caused Deloitte to make a reference to the subject matter thereof in connection
with its reports.
On September 29, 1997, Registrant's Board of Directors, with the
approval of Registrant's audit committee, retained Ernst & Young LLP to serve as
the Registrant's certifying accountant.
Item 7. Financial Statements and Exhibits.
The following exhibit is being filed with this Form 8-K report:
Exhibit No. Description
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16 Letter dated September 30, 1997 from
Deloitte & Touche LLP pursuant to Item
304(a)(3) of Regulation S-K.
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SIGNATURE
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.
PENN ENGINEERING &
MANUFACTURING CORP.
Dated: September 30, 1997 By:/s/ Kenneth A. Swanstrom
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Kenneth A. Swanstrom,
Chairman/CEO/President
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<PAGE>
EXHIBIT INDEX
(Pursuant to Item 601 of Regulation S-K)
Exhibit No. Description
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16 Letter dated September 30, 1997 from
Deloitte & Touche LLP pursuant to Item
304(a)(3) of Regulation S-K.
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EXHIBIT 16
[Deloitte & Touche LLP Letterhead]
September 30, 1997
Securities and Exchange Commission
Mail Stop 9-5
450 5th Street, N.W.
Washington, D.C. 20549
Dear Sirs/Madams:
We have read and agree with the comments in Item 4 of Form 8-K of Penn
Engineering & Manufacturing Corp. dated September 30, 1997.
Yours truly
Deloitte & Touche LLP
