SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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) September 26, 1996
COMPREHENSIVE ENVIRONMENTAL SYSTEMS, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-17072 11-2844247
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
72B Cabot Street,
West Babylon, New York 11704
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (516) 694-7060
N/A
(Former name or former address, if changed since last report)
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Item 4. Change in Registrant's Certifying Accountant
(I) As of the date hereof, the accounting firm of Capraro, Centofranchi, Kramer
& Co.,P.C. was not retained as the principal accountant to audit the
registrant's financial statements for the current fiscal year. On that same
date, the firm of Price Waterhouse LLP was engaged as the new principal
auditor for the registrant.
(II) The former accountant's report on the financial statements for both of the
past two fiscal years was modified as to uncertainty related to various
investments where the ultimate recovery of such amounts was dependent upon
the future value and the future performance of the companies underlying
those investments.
(III) The decision to change accountants was approved by the board of directors.
(IV) Through the date hereof, there were no disagreements with the former
accounting firm on any matter of accounting principles or practices,
financial statement disclosure or auditing scope of procedure.
(V) Not applicable
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<PAGE>
Item 5. Other Events.
As of the date hereof, the registrant has appointed three new members to its
board of directors; Mr. Samuel S. Sadove, Mr. Anthony P. Towell and Ms. JoAnn
O'Reilly. Both Mr. Sadove and Mr. Towell are independent directors. Ms. O'Reilly
is also the corporate secretary of the Trade-Winds Environmental Restoration,
Inc. subsidiary.
Item 7. Financial Statements and Exhibits
Exhibits
16 Letter re: Change in certifying account
SIGNATURE
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.
COMPREHENSIVE ENVIRONMENTAL SYSTEMS, INC.
Registrant
By:/s/ Michael O'Reilly
--------------------
Michael O'Reilly
President and Chief Executive Officer
Date: September 30, 1996
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[LETTERHEAD]
September 26, 1996
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Gentlemen:
We have read the statements made by Comprehensive Environmental Systems, Inc.
(File No. 017072), (copy attached), which we understand will be filed with the
Commission, pursuant to line 4 of Form 8-K, as part of the Company's Form 8-K
report for the month of September, 1996. We agree with the statements concerning
our Firm in such Form 8-K.
Very Truly Yours,
Capraro, Centofranchi, Kramer & Co., P.C.
