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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report December 4, 1995
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SECTOR ASSOCIATES, LTD.
(Exact name of registrant as specified in charter)
DELAWARE 0-17827 11-2788282
(State or other (Commission (IRS Employer
jurisdiction of File Number) identification no.)
incorporation)
401 CITY AVENUE, SUITE 725
BALA CYNWYD, PA 19004
(Address of principal executive offices)
(610) 660-5906
(Registrant's telephone number, including area code)
Page 1 of 3 Pages
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANTS
On November 29, 1995, the Registrant received notice from its
independent auditors Grant Thornton, P.C. that it declined to stand for
re-election. On November 1, 1995, the Registrant's Board of
Directors authorized the selection and engagement of the firm of Cogen Sklar
LLP of 150 Monument Road, Suite 500, Bala Cynwyd, Pennsylvania 19004 to act as
the Registrant's independent auditors. Prior to their engagement, no events or
consultations occurred with Cogen Sklar LLP which would require disclosure of
the type specified in Item 304 of Regulation S-B.
During the Registrant's two most recently completed fiscal years and
the interim period through November 29, 1995, there were no "reportable events"
with Grant Thornton, LLP which require disclosure under Item 304 of Regulation
S-B. However, the report of Grant Thornton, LLP for the fiscal year ended June
30, 1994 contained a qualification relative to the Registrant's ability to
continue operations as a going concern and was modified so as to emphasize
certain related party transactions. With this exception, the reports of Grant
Thornton, LLP for the Registrant's last two fiscal years did not contain any
adverse opinion or disclaimer of opinion.
There existed no disagreements with the former accountant as to any
matters relative to accounting principles and practices, financial statement
disclosure or auditing scope and procedure.
The Registrant has requested its former accountant to furnish it with
a letter confirming the statements made in this Report. This letter is
unavailable at this time, however, the Registrant undertakes to file it with
the Commission within 10 business days from December 4, 1995.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) Exhibit 16 - Letter to Commission re: change in certifying
accountant (to be filed by amendment).
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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.
SECTOR ASSOCIATES, LTD.
By: /s/ Andrew P. Panzo
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Andrew P. Panzo
President
Date: December 6, 1995
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