SCORE BOARD INC
8-K, 1995-11-15
MISCELLANEOUS NONDURABLE GOODS
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<PAGE>
 
                      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): November 8, 1995


                             THE SCORE BOARD, INC.
- --------------------------------------------------------------------------------
            (Exact name of registrant as specified in its charter)


              New Jersey               0-16913              22-2766077
- --------------------------------------------------------------------------------
(State or other jurisdiction         (Commission          (I.R.S. Employer
 of incorporation)                   File Number)        Identification No.)

             1951 Old Cuthbert Road, Cherry Hill, New Jersey 08034
- --------------------------------------------------------------------------------
                   (Address of principal executive offices)

Registrant's telephone number, including area code: (609) 354-9000
                                                    --------------

                           Total Number of Pages: 4
<PAGE>
 
ITEM 4.   CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
          ---------------------------------------------

     (a)  On November 8, 1995, the Registrant dismissed BDO Seidman, LLP ("BDO
Seidman") as the Registrant's independent public accountants and auditors, a
capacity in which that firm had served for several years, and selected Arthur
Andersen LLP ("Arthur Andersen") to replace BDO Seidman in this role.  The
decision to change the Registrant's accountants and auditors was approved by the
full Board of Directors.

     During the most recent two fiscal years and the subsequent period through
November 8, 1995, the date on which BDO Seidman was dismissed as the
Registrant's independent public accountants and auditors, there were no
disagreements between the Registrant and BDO Seidman on any matter relating to
accounting principles or practices, financial statement disclosure, or auditing
scope or procedures, which disagreements, if not resolved to BDO Seidman's
satisfaction, would have caused them to make reference in connection with their
reports to the subject matter of the disagreement.  In addition, BDO Seidman's
reports on the Registrant's financial statements for the most recent two fiscal
years contained no adverse opinions or disclaimers of opinion, nor were such
reports qualified as to uncertainty, audit scope or accounting principles.

     The Registrant has authorized BDO Seidman to respond fully to the inquiries
of Arthur Andersen.  The Registrant has provided BDO Seidman with a copy of the
disclosures contained in this Form 8-K, and has requested that BDO Seidman
furnish the Registrant with a letter addressed to the Securities and Exchange
Commission stating whether it agrees with the statements made by the Registrant
herein.

     (b)  On November 10, 1995, the Registrant appointed the accounting firm of
Arthur Andersen as the Registrant's independent public accountants and auditors,
effective immediately.

ITEM 7.   FINANCIAL STATEMENTS AND EXHIBITS
          ---------------------------------

     (c)  Exhibits:

          16.1 Letter from BDO Seidman to the Securities and Exchange Commission
               concerning its dismissal as the Registrant's principal
               accountant.
<PAGE>
 
                                  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 hereunto duly authorized.


                                       THE SCORE BOARD, INC.


                                   By: /s/ Ken Goldin   
                                       --------------------  
                                       Ken Goldin,
                                       Chairman of the Board,
                                       Chief Executive Officer
                                       and President

Date: November 14, 1995
 

<PAGE>
 

                       [LETTERHEAD OF BDO APPEARS HERE]



November 9, 1995


Securities and Exchange Commission
450 5th Street N.W.
Washington, D.C. 20549

Gentlemen:

We have been furnished with a copy of the response to Item 4 of Form 8-K for the
event that occurred on November 8, 1995, to be filed by our former client, The
Score Board, Inc. We agree with the statements made in response to that Item
insofar as they relate to our Firn.

Very truly yours,


/s/ BDO Seidman, LLP




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