AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON SEPTEMBER 3, 1999.
REGISTRATION NO. ________________
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
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THE TRACKER CORPORATION OF AMERICA
(Exact name of registrant as specified in its governing instrument)
Delaware 86-0767918
(STATE OR OTHER JURISDICTION (I.R.S. EMPLOYER
OF INCORPORATION OR ORGANIZATION) IDENTIFICATION NUMBER)
180 DUNDAS STREET WEST, #1505
TORONTO, ONTARIO, CANADA M5G 1Z8
(416) 593-2604
(Address, including zip code, and telephone number, including area
code, of registrant's principal executive offices)
INFORMATION TO BE INCLUDED IN THE REPORT
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ITEM 4: CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
(a) Hirsch Silberstein & Subelsky, P.C. resigned as the independent
accountants for THE TRACKER CORPORATION OF AMERICA (the "Registrant") effective
August 27, 1999.
In connection with the audits of the two fiscal years ended MARCH 31, 1998 and
1999 and the subsequent interim period through August 27, 1999, there were no
disagreements with Hirsch Silberstein & Subelsky, P.C. on any matter of
accounting principles or practices, financial statement disclosure, or auditing
scope or procedure, which disagreements if not resolved to their satisfaction
would have caused them to make reference in connection with their opinion to the
subject matter of the disagreement.
The audit reports of Hirsch Silberstein & Subelsky, P.C. on the financial
statements of the Registrant for the years ended March 31, 1999 and 1998, did
not contain any adverse opinion or disclaimer of opinion and were not qualified
or modified as to audit scope or accounting principles. The Independent
Auditor's Report stated that the Registrant's financial statements raised
substantial doubt about any adjustments that might result from the outcome of
this uncertainty. Please refer to the Registrant's Form 10-K for year ending
MARCH 31, 1999.
The decision by Hirsch Silberstein & Subelsky, P.C. to resign was a result of
one of its members, Ronald N. Silberstein, leaving the firm to become Ajay
Sports, Inc.'s Chief Financial Officer and Chief Administrative Officer.
Following Mr. Silberstein's departure, the Registrant has been advised that the
firm will concentrate its practice of providing accounting related services to
individuals and privately held businesses.
(b) On August 27, 1999, the Registrant engaged the accounting firm of J.L.
Stephan Co., P.C. to act as its independent accounting firm, as successor to
Hirsch Silberstein & Subelsky, P.C. The Registrant has not consulted J.L.
Stephan Co., P.C. regarding any accounting principles or disagreements with its
former independent accountants.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) and (b) Financial Statements
None
(c) Exhibits
16.2 Letter from Hirsch Silberstein & Subelsky, P.C. dated August 31,
1999, addressed to the Securities and Exchange Commission.
Filed Herewith
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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.
Date: September 3, 1999
THE TRACKER CORPORATION OF AMERICA
BY /S/ BRUCE I. LEWIS
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BRUCE I. LEWIS
CHIEF EXECUTIVE OFFICER
September 3, 1999
Mr. Jay Stulberg
TRACKER CORP OF AMERICA.
180 Dundas Street West, Suite 1502
Toronto, Ontario, Canada M5G 1Z8
Dear Jay,
This is to confirm that the client-auditor relationship between The Tracker
Corporation of America and Hirsch Silberstein & Subelsky, P.C. has ceased. We
have previously reported on the balance sheets of The Tracker Corporation of
America as of March 31, 1999 and 1998 and the related statements of operations,
changes in stockholders' deficit, and cash flows for the years then ended. Our
report thereon is dated July 8, 1999 and we have not performed any auditing
procedures subsequent to that date.
Sincerely,
Hirsch Silberstein & Subelsky, P.C.
Cc: Chief Accountant - Securities and Exchange Commission
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