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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 AND EXCHANGE ACT OF 1934
Date of Report: September 10, 1998
BALDWIN PIANO & ORGAN COMPANY
(Exact name of registrant as specified in its charter)
<TABLE>
<S> <C> <C>
Delaware 0-14903 31-1091812
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification Number)
<C> <C>
422 Wards Corner Road, Loveland, Ohio 45140-8390
(Address of principal executive offices) (Zip Code)
</TABLE>
Registrant's telephone number, including area code: (513) 576-4500
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Item 4. Changes in Registrant's Certifying Accountant
On September 10, 1998, the Registrant dismissed the firm of KPMG Peat
Marwick LLP ("KPMG") as the Registrant's principal independent accountant. Also
on September 16, 1998, the Registrant engaged the firm of Deloitte & Touche LLP
to serve as its principal independent accountant. Such actions were approved by
the Audit Committee of the Board of Directors of the Registrant.
The reports of KPMG on the Registrant's consolidated financial
statements for the fiscal years 1997 and 1996 did not contain an adverse opinion
or a disclaimer of opinion and were not qualified or modified as to uncertainty,
audit scope or accounting principles.
In connection with the audits of the two fiscal years ended December
31, 1997 and during subsequent interim periods, there were no disagreements on
any matters of accounting principles or practices, financial statement
disclosure, or auditing scope and procedures which, if not resolved to the
satisfaction of KPMG, would have caused KPMG to make reference to the matter in
its report.
The Registrant has provided KPMG with a copy of the disclosures
contained herein and has requested that KPMG furnish it with a letter addressed
to the Securities and Exchange Commission stating whether or not it agrees with
the statements made by the Registrant herein. A copy of that letter, dated
September 16, 1998, is filed as Exhibit 16.1.
Item 7. Financial Statements and Exhibits
(c) Exhibits
16.1 Letter of KPMG Peat Marwick LLP to the Securities and Exchange
Commission
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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.
BALDWIN PIANO & ORGAN COMPANY
(Registrant)
Date: September 17, 1998 By: /s/ Perry H. Schwartz
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Perry H. Schwartz
Chief Financial Officer
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EXHIBIT 16.1
September 16, 1998
Securities and Exchange Commission
Washington, DC 20549
Ladies and Gentlemen:
We were previously principal accountants for Baldwin Piano & Organ
Company and, under the date of February 23, 1998, we reported on the
consolidated financial statements of Baldwin Piano & Organ Company and
subsidiaries as of and for the years ended December 31, 1997 and 1996. On
September 10, 1998 our appointment as principal accountants was terminated. We
have read Baldwin Piano & Organ Company's statements included under Item 4 of
its Form 8-K dated September 10, 1998, and we agree with such statements, except
that we are not in a position to agree or disagree with Baldwin Piano & Organ
Company's statement that the change was approved by the Audit Committee of the
Board of Directors.
Very truly yours,
KPMG PEAT MARWICK LLP
