SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A-2
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) October 5, 2000
GLOBAL TECHNOVATIONS, INC.
(Exact name of Registrant as Specified in its Charter)
Delaware 333-56083 84-1027821
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File No.) Identification No.)
7108 Fairway Drive, Suite 200
Palm Beach Gardens, FL 33418
Registrant's telephone number, including area code: (561) 775-5756
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
On October 5, 2000, Global Technovations, Inc. (the "Company") retained BDO
Seidman, LLP ("BDO Seidman") as its auditors to replace Arthur Andersen LLP
("Arthur Andersen"), who was dismissed.
On October 5, 2000, the Company engaged BDO Seidman to audit the books and
accounts of the Company for the fiscal year ending September 30, 2000.
Previously, the Board of Directors of the Company and its Audit Committee
approved the decision to change the Company's independent accountants.
The reports of Arthur Andersen on the financial statements of the Company for
the two fiscal years ended September 30, 1999 contain no adverse opinion or
disclaimer of opinion and were not qualified or modified as to any uncertainty,
audit scope or accounting principle.
In connection with the audits for the past two fiscal years and through
October 5, 2000, there were no disagreements with Arthur Andersen on any
matter of accounting principles or practices, financial statement disclosure, or
auditing scope or procedure, which disagreements, if not resolved to the
satisfaction of Arthur Andersen, would have caused the firm to make reference
thereto in their reports on the financial statements for such period.
During the past two fiscal years and through October 5, 2000, Arthur Andersen
has not advised the Company of any reportable events (as defined in Item
304(a)(1)(v) of Regulation S-K issued by the Securities and Exchange
Commission). The Company has not consulted with BDO Seidman on any matter during
the past two fiscal years and through October 5, 2000. The Company has
authorized Arthur Andersen to respond fully to any inquires of BDO Seidman
relating to their engagement as the Company's independent accountant.
The Company has provided Arthur Andersen with a copy of this Report and, at the
request of the Company, Arthur Andersen has furnished a letter addressed to the
Securities and Exchange Commission in which it states that it agrees with the
foregoing statements.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
16.1 Letter from Arthur Andersen LLP on change in independent accountants.
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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.
GLOBAL TECHNOVATIONS, INC.
By: /s/William C. Willis, Jr.
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William C. Willis, Jr.
Date: October 25, 2000 Chairman and Chief Executive Officer
