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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): July 26, 1995
GROUNDWATER TECHNOLOGY, INC.
(Exact Name of Registrant as Specified in Charter)
DELAWARE 0-15067 02-0324047
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
100 RIVER RIDGE DRIVE, NORWOOD, MASSACHUSETTS 02062
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (617) 769-7600
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
On July 26, 1995, Groundwater Technology, Inc. (the "Registrant"), after
reviewing three competitive proposals from public accounting firms, dismissed
the accounting firm of Ernst & Young LLP ("E&Y") and engaged the accounting firm
of Coopers & Lybrand LLP ("C&L") to be the Registrant's auditors for the current
fiscal year, which ends April 27, 1996. The Registrant's Board of Directors
approved the decision to change accountants upon the recommendation of the
Registrant's Audit Committee. The Registrant has not consulted with C&L as to
any accounting, auditing or financial reporting issue.
During the two most recent fiscal years and any subsequent interim period
preceding the dismissal of E&Y there have been no "disagreements" between the
Registrant and E&Y on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure, or any
"reportable events", as those terms are defined in Item 304 of Regulation S-K.
E&Y's report on the financial statements for the past two years contained
no adverse opinion or disclaimer of opinion and was not qualified or modified as
to uncertainty, audit scope or accounting principles.
The Registrant has provided E&Y with a copy of this disclosure and has
requested that E&Y furnish it with a letter addressed to the Securities and
Exchange Commission stating whether it agrees with the above statements. Such
letter will be filed as an amendment to this Form 8-K pursuant to Item 304(a)(3)
of Regulation S-K.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
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*16.1 Letter from Ernst & Young LLP pursuant to Item 304(a)(3) of
Regulation S-K.
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*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.
GROUNDWATER TECHNOLOGY, INC.
Date July 26, 1995
By: /s/ Robert E. Sliney, Jr.
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Robert E. Sliney, Jr.
Vice President and
Chief Financial Officer
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EXHIBIT INDEX
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Page Number
in Sequentially
Exhibit Number Description Numbered Copy
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*16.1 Letter from Ernst & Young LLP
pursuant to Item 304(a)(3) of
Regulation S-K.
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*To be filed by Amendment.
