UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934
Date of Report (Date of earliest event reported): June 11, 1998
Commission File No. 0-16386
CANNON EXPRESS, INC.
(Exact name of registrant as specified in its charter)
Delaware 71-0650141
(State of incorporation or organization) (I.R.S. Employer Identification No.)
1457 Robinson
P.O. Box 364
Springdale, Arkansas 72765
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (501) 751-9209
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
On June 11, 1998, Cannon Express, Inc. (the "Company") dismissed its
independent auditors, Baird, Kurtz & Dobson, and on the same date engaged
the firm of Arthur Andersen LLP as its independent auditors for the fiscal
year ending June 30, 1998. Each of these actions was approved by the Board
of Directors of the Company.
The reports of Baird, Kurtz & Dobson on the financial statements of the
Company for the past two fiscal years did not contain an adverse opinion
or a disclaimer of opinion, nor were they qualified or modified as to
uncertainty, audit scope, or accounting principles.
In connection with the audits of the Company's financial statements for each
of the two fiscal years ended June 30, 1997 and 1996, and in the subsequent
interim period prior to the dismissal of Baird, Kurtz & Dobson, there were no
disagreements with Baird, Kurtz & Dobson on any matter of accounting principles
or practices, financial statement disclosure, or auditing scope or procedure,
which disagreement, if not resolved to the satisfaction of Baird, Kurtz &
Dobson, would have caused it to make reference to the subject matter of the
disagreement of the report.
Baird, Kurtz & Dobson has furnished the Company with a letter addressed to the
Securities and Exchange Commission stating that it agrees with the above
statements, a copy of which is filed as an exhibit to this report.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Exhibits
16 Letter dated June 15, 1998 from Baird, Kurtz & Dobson addressed to the
Securities and Exchange Commission regarding change in certifying accountants.
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SIGNATURES
Pursuant to the requirements of Section 12 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.
Cannon Express, Inc.
(Registrant)
Date: June 15, 1998 By: /s/ Dean G. Cannon
President, Chairman of the Board,
Chief Executive Officer and Chief
Accounting Officer
EXHIBIT 16
[LETTERHEAD OF BAIRD, KURTZ & DOBSON APPEARS HERE]
June 15, 1998
Securities and Exchange Commission
Washington, D.C. 20549
Gentlemen:
We were previously principal accountants for Cannon Express, Inc. and on
August 20, 1997, we reported on the consolidated financial statements of
Cannon Express, Inc. and Consolidated Subsidiaries ("Cannon") as of and
for the two years ended June 30, 1997. On June 11, 1998, we were dismissed
as principal accountants of Cannon. We have read Cannon's statements included
under Item 4 of its Form 8-K for June 11, 1998, and we agree with such
statements.
/s/ BAIRD, KURTZ & DOBSON
