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): April 16, 1999
KINGS ROAD ENTERTAINMENT, INC.
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(exact name of registrant as specified in charter)
Delaware 0-14234 95-3587522
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
1901 Avenue of the Stars, Suite 1545, Los Angeles, California 90067
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(Address of principal executive office)
Registrant's telephone number, including area code: (310) 552-0057
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Item 4 - Changes in Registrant's Certifying Accountant
(a) On April 16, 1999, Kings Road Entertainment, Inc. (the "Company")
selected the firm of Richard A. Eisner & Company, LLP as the Company's
independent auditors for the fiscal year ending April 30, 1999. The firm of
Stonefield Josephson, Inc. has served as the Company's independent auditors for
the fiscal years ending April 30, 1998, 1997 and 1996.
(b) The Company believes there were no disagreements (within the
meaning of Instruction 4 of Item 304 of Regulation S-K) with Stonefield
Josephson as to any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure in connection with the
audits of the Company's financial statements for the fiscal years ended April
30, 1998 and 1997 or for any subsequent interim period, which disagreements, if
not resolved to its satisfaction, would have caused Stonefield Josephson to
issue an adverse opinion or a disclaimer of opinion, and neither report of such
audits contained an adverse opinion or disclaimer of opinion or was qualified or
modified as to uncertainty, audit scope or accounting principles.
(c) During the two most recent fiscal years and through the present,
there have been no reportable events (as defined in Item 304 of Regulation S-K)
involving Stonefield Josephson. The Company has not consulted with Richard A.
Eisner & Company, LLP regarding the application of accounting principles to a
specified transaction or the type of audit opinion that might be rendered on the
Company's financial statements during the two most recent fiscal years through
the present.
(d) A letter of Stonefield Josephson addressed to the Securities and
Exchange Commission is included as Exhibit 16 to this Form 8-K. Such letter
states that such firm agrees with the statements made by the Company in this
Item 4.
(e) The change of auditors was approved by the Board of Directors of
the Company on April 16, 1999.
Item 7 - Exhibits
(c) Exhibits
Number Description
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16 Letter of Stonefield Josephson to
the Securities and Exchange Commission
pursuant to the requirements of Item
304(a)(3) of Regulation S-K
2
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SIGNATURE
Pursuant to the requirements of the Securities Act of 1934, the Company has duly
caused this report to be signed on its behalf by the undersigned thereunto duly
authorized.
Dated: April 21, 1999 KINGS ROAD ENTERTAINMENT, INC.
/s/Christopher M. Trunkey
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Christopher M. Trunkey
Senior Vice President, Chief Financial
and Administrative Officer (Principal
Financial and Accounting Officer)
3
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INDEX OF EXHIBITS
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Exhibit
Number Description
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16 Letter of Stonefield Josephson to the
Securities and Exchange Commission
pursuant to the requirements of Item
304(a)(3) of Regulation S-K
4
April 19, 1999
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Gentlemen:
We have read the statements made by Kings Road Entertainment, Inc.
(copy attached), which we understand will be filed with Commission, pursuant to
Item 4 of Form 8-K, as part of the Company's 8-K report for the month of April,
1999. We agree with the statements concerning our Firm in such Form 8-K.
Very truly yours,
Stonefield Josephson, Inc.
