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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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 10, 1997
OSICOM TECHNOLOGIES, INC.
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(Exact name of Registrant as specified in charter)
New Jersey 0-15810 22-2367234
State or other juris- (Commission (IRS Employer
diction of incorporation File Number) Identification No.)
2800 28th Street, Suite 100, Santa Monica, CA 90405
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (310) 581-4030
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Item 4. Changes in Registrant's Certifying Accountant
a. On January 29, 1997, the Registrant conditionally retained BDO
Seidman LLP ("BDO") as its principal certifying accountants, replacing Weinbaum
& Yalamanchi ("WY"), pending approval by the Registrant's Audit Committee and
Board of Directors. This action was approved by the Board of Directors of
Osicom Technologies, Inc. ("Osicom") on April 10, 1997.
WY's reports on Osicom's financial statements for the past two years
contained no adverse opinion or disclaimer of opinion, and were not qualified
or modified as to uncertainty, audit scope or accounting principles.
During the most recent two fiscal years and any of the subsequent
interim periods preceding April 10, 1997, there were no disagreements between
Osicom and WY on any matters of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure, which disagreements, if
not resolved to the satisfaction of WY, would have caused it to make a
reference to the subject matter of the disagreements in connection with its
reports on the financial statements for such years.
None of the "reportable events" described in Item 304(a)(1)(ii) of
Regulation S-B occurred with respect to Osicom during the most recent two
fiscal years and any of the subsequent interim periods preceding April 10,
1997.
Osicom provided WY with a copy of this report no later than the date
this report was filed with the Securities and Exchange Commission and requested
that WY furnish it with the letter described in Item 304 (a) (3) of Regulation
S-B. Pursuant to Item 304 (a) (3) of Regulation S-B a copy of the letter from
WY to the Securities and Exchange Commission is filed as Exhibit 16 hereto.
b. During the most recent fiscal year end and the subsequent
interim periods to the date hereof, Osicom did not consult BDO regarding any of
the matters or events set forth in item 304(a)(2)(i) and (ii) of Regulation
S-B.
Item 7. Exhibits
Exhibit - 16 Letter from Weinbaum & Yalamanchi dated April
10, 1997 pursuant to Item 304 (a)(3) of
Regulation S-B.
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SIGNATURES
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.
Osicom Technologies, Inc.
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(Registrant)
Dated: April 10, 1997 By: /s/Christopher E. Sue
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Christopher E. Sue,
Chief Financial Officer
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EXHIBIT 16
W&Y Weinbaum & Yalamanchi
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Certified Public Accountants
April 10, 1997
Securities and Exchange Commission
450 Fifth Street N.W.
Washington, D.C. 20549
Ladies and Gentlemen:
We agree with the statements made by the registrant in Item #4(a) of Form 8-K
of Osicom Technologies, Inc. dated April 10, 1997
Sincerely,
/s/Weinbaum & Yalamanchi
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Weinbaum & Yalamanchi
cc: Board of Directors
Osicom Technologies, Inc.
1800 N. Argyle Avenue, #413 - Los Angeles - CA 90028 - Phone (213) 467-8945
- FAX (213)467-8944
