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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 Exchange Act of 1934
Date of Report (Date of earliest event reported): April 4, 2000
PARLUX FRAGRANCES, INC.
(Exact name of registrant as specified in its charter)
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Delaware 0-15491 22-2562955
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
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3725 S.W. 30th Avenue
Ft. Lauderdale, Florida 33312
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (954) 316-9008
Not Applicable
(Former name or former address, if changes since last report)
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INFORMATION TO BE INCLUDED IN REPORT
Item 4. Changes in Registrant's Certifying Accountant.
Item 4 (a) Current Independent Certified Accountants.
(i) On April 4, 2000, PricewaterhouseCoopers LLP ("PwC") notified Parlux
Fragrances, Inc. (the "Company") that upon completion of their audit of
the Company's consolidated financial statements for the fiscal year
ended March 31, 2000, they will resign as the Company's independent
certified public accountants.
(ii) The reports of PwC on the Company's financial statements for the past
two fiscal years contained no adverse opinion or disclaimer of opinion
and were not qualified or modified as to uncertainty, audit scope or
accounting principle.
(iii) In connection with its audits for the two most recent fiscal years and
through April 4, 2000, there have been no disagreements with PwC 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 PwC would have caused them to make
reference thereto in their report on the financial statements for such
years.
(iv) During the two most recent fiscal years and through April 4, 2000,
there have been no reportable events (as defined in Regulation S-K Item
304(a)(1)(v)).
(v) The Company has requested that PwC furnish it with a letter addressed
to the SEC stating whether or not PwC agrees with the above statements.
A copy of such letter, dated April 11, 2000, is filed as Exhibit 16 to
this Current Report on Form 8-K.
Item 4 (b) New Independent Certified Accountants.
(i) Upon completion of the audit of the Company's March 31, 2000 financial
statements, the Company's Audit Committee will select a successor
independent certified public accounting firm for the next fiscal year
once they review the qualifications and meet with the potential
applicants.
Item 7. Financial Statements and Exhibits.
Exhibit 16 - Letter from PricewaterhouseCoopers LLP to the Securities and
Exchange Commission dated April 11, 2000.
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SIGNATURES
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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 thereunto duly authorized.
PARLUX FRAGRANCES, INC.
/s/ Frank A. Buttacavoli
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Frank A. Buttacavoli, Executive Vice President, Chief Operating Officer,
Chief Financial Officer and Director
Date: April 11, 2000
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EXHIBIT INDEX
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Exhibit Sequential
Number Description Page No.
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16 Letter from PricewaterhouseCoopers LLP, to the Securities
and Exchange Commission dated April 11, 2000, agreeing
with the statements made in the Current Report on Form 8-K. 5
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Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Commissioners:
We have read the statements made by Parlux Fragrances, Inc. (copy attached),
which we understand will be filed with the Commission, pursuant to Item 4 of
Form 8-K, as part of the Company's Form 8-K report dated April 11, 2000. We
agree with the statements concerning our Firm in such Form 8-K.
Very truly yours,
/s/ PricewaterhouseCoopers LLP
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PricewaterhouseCoopers, LLP
Miami, Florida
April 11, 2000
