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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 December 4, 1995
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SECTOR ASSOCIATES, LTD.
(Exact name of registrant as specified in charter)
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<S> <C> <C>
DELAWARE 0-17827 11-2788282
(State or other (Commission (IRS Employer
jurisdiction of File Number) identification no.)
incorporation)
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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's Board of Directors
determined that it was not in the Registrant's best interest to continue
the engagement of Grant Thornton, P.C. as its independent auditors and,
effective immediately, 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.
The reports of Grant Thornton, P.C. on the financial statements of
the Registrant for the fiscal years ended June 30, 1993 and June 30, 1994
contained a qualification relative to the Registrant's ability to continue
operations as a going concern. With this exception, the reports of Grant
Thornton, P.C. 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 the date of filing of this
Report.
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 3, 1995
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