SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant To Sections 13 or 15(d) of the
Securities Exchange Act of 1934
July 13, 1999
Date of Report (Date of Earliest Event Reported)
Nu-kote Holding, Inc.
(Exact Name of Registrant as Specified in Charter)
Texas 0-20287 16-1296153
(State or Other (Commission File Number) (IRS Employer
Jurisdiction of Identification No.)
Incorporation)
200 Beasley Dr.
Franklin, Tennessee 37064
(Address and Zip Code of Principal Executive Offices)
(615) 794-9000
(Registrant's Telephone Number, Including Area Code)
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANTS
On November 6, 1998 Nu-kote Holding, Inc. ("Nu-kote" or the "Company")
filed a voluntary petition for protection under Chapter 11 of the United
States Bankruptcy Code (the "Bankruptcy Code") in the United States
Bankruptcy Court for the Middle District of Tennessee in Nashville,
Tennessee (the "Bankruptcy Court"). Six subsidiaries of the Company, Nu-
kote International, Inc., Future Graphics, Inc., Nu-kote Imperial, Inc., Nu-
kote Latin America, Inc., Nu-kote Imaging International, Inc. and
International Communication Materials, Inc., also filed voluntary petitions
for reorganization under Chapter 11 of the Bankruptcy Code on November 6,
1998.
On January 22, 1999 Nu-kote filed a motion with the Bankruptcy Court
to employ PricewaterhouseCoopers LLP as the principal accountants to audit
its consolidated financial statements. Such firm had been engaged in that
capacity prior to the filing by Nu-kote for protection under Chapter 11 of
the Bankruptcy Code on November 6, 1998.
The U.S. Trustee's office objected to the engagement of
PricewaterhouseCoopers LLP, and on March 16, 1999 a hearing was held in the
Bankruptcy Court to determine whether Nu-kote would be permitted to engage
such firm. At that hearing, the Bankruptcy Court denied the motion to
employ PricewaterhouseCoopers LLP. The Bankruptcy Court ruled that such
firm was disqualified from acting in such capacity due to a conflict of
interest. Such conflict resulted from the merger of Coopers & Lybrand
("C&L") and Price Waterhouse ("PW") on July 1, 1998. Prior to the merger,
C&L was the principal accountant to audit Nu-kote's consolidated financial
statements.
On June 15,1999 KPMG Peat Marwick L.L.P ("KPMG") was engaged to act as
the Company's auditors. However, an objection to their engagement was filed
with the Bankruptcy Court on July 6, 1999. On July 13, 1999 the Bankruptcy
Court heard the objection to the engagment of KPMG and overruled it. As a
result KPMG will audit Nu-kote and its subsidiaries based in the United
States and elsewhere sufficient for such firm to act as the Company's
principal auditor. PricewaterhouseCoopers L.L.P. will continue to act as
auditor for the Company's foreign subsidiaries that are not in bankruptcy.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS
None.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
Nu-kote Holding, Inc.
Dated: July 16, 1999 By: /S/PHILLIP THEODORE
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Phillip Theodore,
Senior Vice President and
Chief Financial Officer
