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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 Exchange Act of 1934
Date of Report: March 6, 1998
Vertex Industries, Inc.
(Exact name of Registrant as specified in charter)
New Jersey 0-15066 22-2050350
(State or other (Commission File No.) (IRS Employer
jurisdiction of Identification Number)
incorporation)
23 Carol Street, Clifton, NJ 07014
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (973)777-3500
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Item 4. Changes in Registrant's Certifying Accountant
(a) On March 3, 1998 the Registrant and Arthur Andersen LLP (AA)
mutually agreed to cease the client auditor relationship. Arthur Andersen's
report upon Registrant consolidated financial statements for its fiscal years
ended July 31, 1997 and 1996 did not contain an adverse opinion or a
disclaimer of opinion, nor was such report qualified or modified as to
uncertainty, audit scope or accounting principles. During Registrant's fiscal
years ended July 31, 1997 and the interim period from August 1, 1997 to
March 3, 1998 (the "Interim Period"): (i) there were no disagreements (of the
nature contemplated by Item 304 (a) (1) (iv) of Regulation S-K
("Disagreements)) between Registrant and AA; and (ii) there were no reportable
events of the nature contemplated by Item 304 (a) (1) (v) (A) - (D) of
Regulation S-K.
(b) On March 3, 1998, Registrant engaged Sax, Macy, Fromm & Co., P.C.
("SMF") as its independent auditors for Registrant's fiscal year ending
July 31, 1998. During Registrant's two fiscal years ended July 31, 1997 and
the Interim Period, Registrant did not consult SMF with respect to any of the
matters contemplated by Item 304 (a) (2) (I) - (ii) of Regulation S-K.
Item 7. Financial Statements and Exhibits
(a) Financial Statements of Businesses Acquired
Not applicable.
(b) Pro Forma Financial Information
Not applicable.
(c) Exhibits
(i) Letter from Arthur Andersen LLP
(ii) Letter from Arthur Andersen LLP
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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 thereunto duly authorized.
VERTEX INDUSTRIES, INC.
Registrant
By s/Ronald C. Byer
Ronald C. Byer
Chief Executive Officer, President
March 6, 1998
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Exhibit (i)
Arthur Andersen
101 Eisenhower Parkway
Roseland NJ 07068-1099
March 6, 1998
Office of the Chief Accountant
SECPS Letter File
Securities and Exchange Commission
Mail Stop 11-3
450 5th Street, N.W.
Washington DC 20549
Dear Sirs:
We have read Item 4 included in Form 8-K dated March 6, 1998 of Vertex
Industries, Inc. to be filed with the Securities and Exchange Commission
and are in agreement with the statements contained therein.
Very truly yours,
s/ Arthur Andersen LLP
cc: Ronald C. Byer, Vertex Industries, Inc.
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Exhibit (ii)
Arthur Andersen
101 Eisenhower Parkway
Roseland NJ 07068-1099
March 3, 1998
Mr. Ronald C. Byer
President and Chief Executive Officer
Vertex Industries, Inc.
23 Carol Street
P.O. Box 996
Clifton, New Jersey 07014-0996
Dear Mr. Byer:
This will confirm that the client-auditor relationship between Vertex
Industries, Inc. (Commission file Number 0-15066) and Arthur Andersen
LLP has ceased.
Very truly yours,
s/ Arthur Andersen LLP
cc: SEC Office of the Chief Accountant
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