SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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): September 13, 1996
PORTA SYSTEMS CORP.
(Exact name of Registrant as specified in its Charter)
Delaware 1-8191 11-2203988
(State or other jurisdiction (Commission (IRS Employer
of incorporation File No.) Identification No.)
575 Underhill Boulevard, Syosset, New York 11791
(Address of Principal Executive Office)
Registrant's telephone number, including area code: (516) 364-9300.
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Item 4. Changes in Registrant's Certifying Accountants.
The Registrant has engaged the firm of BDO Seidman LLP ("BDO Seidman") as
its independent public accountants for the audit of its financial statements for
the year ended December 31, 1995. The engagement of BDO Seidman followed the
receipt by the Registrant of advice from the staff of the Securities and
Exchange Commission (the "SEC") in June 1996 that it is the SEC staff's position
that the independence of the Company's prior auditors, KPMG Peat Marwick L.L.P.
("KPMG Peat Marwick"), is adversely impacted by certain relationships involving
the auditors and KPMG BayMark Strategies LLP, and Mr. Edward R. Olson, the
President of KPMG BayMark Strategies who is also serving as the Company's
interim president and chief operating officer.
The engagement of BDO Seidman was approved by the Registrant's board of
directors. There were no disagreements with KPMG Peat Marwick, whether or not
resolved, on any matter of accounting principles or practices, financial
statement disclosure or auditing scope or procedure.
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SIGNATURE
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.
Date: September 13, 1996 PORTA SYSTEMS CORP.
By: /s/ Edward B. Kornfeld
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Edward B. Kornfeld
Vice President
Chief Financial Officer
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