Securities and Exchange Commission
Washington, D.C. 20549
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FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
January 4, 1996
OAK TREE MEDICAL SYSTEMS, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-16206
(State or other jurisdiction of incorporation) (Commission File No.)
16504 Stonehaven Road
Miami Lakes, Florida 33014
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (305) 822-8889
Item 4. Changes in Registrant's Certifying Accountant
(a) BDO Seidman, LLP ("BDO") has served as the
independent auditors of the Registrant for the period
September 6, 1995 until January 4, 1996. During its term of
engagement, BDO advised the Registrant of its need to
significantly expand its audit of the cost and carrying
values of certain gold ore reserve property, which had been
acquired by the Registrant in May 1993 in exchange for a
controlling interest in the Registrant, a portion of which
shares were subject to an immediately exercisable option by
another shareholder of the Registrant. Specifically, BDO
requested a current, independent appraisal of the gold ore
reserve property and documentary evidence of the cost of the
property to its prior owner. The Registrant terminated BDO
because it was unable to provide the requested appraisal or
the documentary evidence. The gold ore reserve property had
been transferred to Accord Futronics Corporation ("Accord")
on June 21, 1995 for 6,000,000 shares of its common stock,
representing approximately 30% of the outstanding common
stock of Accord. Additionally, Accord lent the Registrant
$100,000, which was collateralized and guaranteed by a
principal stockholder of the Registrant. Because BDO was
terminated as auditors of the Registrant, it did not
complete certain procedures related to the gold ore reserve
property, the result of which could have materially impacted
the fairness or reliability of the financial statements for
the year ended May 31, 1995 (the period covered by BDO's
incomplete engagement) and for the years ended May 31, 1994
and 1993 (with which BDO has no association). The
Registrant has permitted BDO to respond to the inquiries of
Simon Krowitz Bolin & Associates, PA concerning the gold ore
reserve property. The decision to change auditors was
approved by the Registrant's Board of Directors.
(b) Simon Krowitz Bolin & Associates PA has been
engaged by the Registrant as of January 4, 1996 as its
principal independent auditors and served as the independent
auditors of the Registrant for the fiscal year ended May 31,
1995.
Item 7. Financial Statement and Exhibits
(c) The following documents are filed herewith as
exhibits:
16.1 Letter from BDO Seidman, LLP
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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.
OAK TREE MEDICAL SYSTEMS, INC.
/s/ Irwin Bosh Stack
Name: Irwin Bosh Stack
Title: Chairman of the Board
Date: March 5, 1996
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EXHIBIT 16.1
BDO Seidman, LLP
100 S.E. Second Street
Suite 2200
Miami, Florida 33131
March 5, 1996
Securities and Exchange Commission
450 5th Street, N.W.
Washington, D.C. 20549
Dear Sirs/Madams:
We have been furnished with a copy of the response to Item 4
of Form 8-K for the event that occurred on January 4, 1996,
to be filed by our former client, Oak Tree Medical Systems,
Inc. We agree with the statements made in response to that
item insofar as they relate to our firm.
Yours truly,
/s/ BDO Seidman, LLP
BDO Seidman, LLP
