SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 of 15(d) of the
Securities Exchange Act of 1934
April 26, 1996
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Date of Report (date of earliest event reported)
ASHA CORPORATION
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Exact name of Registrant as Specified in its Charter
Delaware 0-16176 84-1016459
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State or Other Jurisdiction Commission File IRS Employer Identification
of Incorporation Number Number
600 C Ward Drive, Santa Barbara, California 93111
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Address of Principal Executive Offices, Including Zip Code
(805) 683-2331
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Registrant's Telephone Number, Including Area Code
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANTS.
(a) On April 26, 1996, ASHA Corporation (the "Registrant"), engaged
Arthur Andersen LLP as its independent accountants for the fiscal year ended
September 30, 1996. Also on April 19, 1996, McDirmid, Mikkelsen & Secrest,
P.S. was dismissed as the Registrant's independent accountants.
(b) McDirmid, Mikkelsen & Secrest, P.S.'s reports on the Registrant's
financial statements for the fiscal years ended September 30, 1995 and 1994,
contained no adverse opinion or disclaimer of opinion nor were they qualified
as to uncertainty, audit scope or accounting principles, except that McDirmid,
Mikkelsen & Secrest, P.S.'s report on the Registrant's financial statements
for the fiscal year ended September 30, 1994, contained a qualification
concerning the Registrant's ability to continue as a going concern.
(c) The Registrant's Board of Directors made the decision to engage
Arthur Andersen LLP. The Registrant has no audit or similar committee.
(d) In connection with the prior audits for the fiscal years ended
September 30, 1995 and 1994, and during the interim period from September 30,
1995 to April 19, 1996, there have been no disagreements with McDirmid,
Mikkelsen & Secrest, P.S. on any matter of accounting principles or practices,
financial statement disclosure or auditing scope or procedure.
(e) The Registrant did not consult with Arthur Andersen LLP with regard
to any matter concerning the application of accounting principles to any
specific transactions, either completed or proposed, or the type of audit
opinion that might be rendered with respect to the Registrant's financial
statements.
(f) The Registrant has requested that McDirmid, Mikkelsen & Secrest, P.S.
review the disclosure and that firm has been given an opportunity to furnish
the Registrant with a letter addressed to the Commission containing any new
information, clarification of the registrant's expression of its views, or the
respect in which it does not agree with the statements made by the Registrant
herein. Such letter is filed as an exhibit to this Report.
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) EXHIBITS.
Exhibit 16. Letter from McDirmid, Mikkelsen & Secrest, P.S.
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.
ASHA CORPORATION
Dated: May 1, 1996 By /s/ John C. McCormack
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John C. McCormack, President
MCDIRMID, MIKKELSEN & SECREST, P.S.
Certified Public Accountants
926 W Sprague, Suite 300 (509) 747-6154
Spokane, WA 99204-0552 FAX (509) 838-0508
May 3, 1996
Securities and Exchange Commission
450-5th Street, N.W.
Washington, D.C. 20549
Gentlemen:
We have been furnished with a copy of the response to Item 4 of Form 8-K
for the event that occurred on April 26, 1996, filed by our former client,
ASHA Corporation. We agree with the statements made in response to that item
insofar as they relate to our firm.
Very truly yours,
/s/ McDirmid, Mikkelsen & Secrest, P.S.
McDirmid, Mikkelsen & Secrest, P.C.
