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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) May 1, 1995
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INOTEK TECHNOLOGIES CORP.
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(Exact name of registrant as specified in its charter)
Delaware 0-16101 75-1986151
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
11212 Indian Trail, Dallas, Texas 75229
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(Address of principal executive offices)
Registrant's telephone number, including area code: (214) 243-7000
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Not Applicable
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(Former name or former address, if changed since last report)
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Item 4. Changes in Registrant's Certifying Accountant.
On May 1, 1995, the Registrant dismissed Ernst & Young LLP as its
auditors.
On May 1, 1995, the Registrant engaged the firm of Grant Thornton LLP,
Dallas, Texas, as its auditors to examine the books and accounts of the
Registrant for the fiscal year ending May 31, 1995.
The decision to dismiss Ernst & Young LLP and to engage Grant Thornton
LLP as the new auditor was recommended by the Registrant's Audit Committee and
approved by its Board of Directors.
Ernst & Young LLP 's report on the financial statements of the
Registrant for the two most recent years did not contain any adverse opinion or
a disclaimer of opinion, nor were any reports qualified or modified as to
uncertainty, audit scope or accounting principles. Further, there were no
disagreements with Ernst & Young LLP on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope of procedure
which, if not resolved to the satisfaction of Ernst & Young LLP, would have
caused it to make reference to the subject matter of the disagreement in
connection with its report.
Neither the Registrant nor any person acting on its behalf has, during
the Registrant's two most recent fiscal years or any subsequent interim period
preceding May 1, 1995, consulted with Grant Thornton LLP regarding the
application of accounting principles to a specified transaction (either
completed or proposed) or the type of audit opinion that might be rendered on
the Registrant's financial statements.
The Registrant has requested that Ernst & Young LLP furnish it with a
letter addressed to the Securities and Exchange Commission stating whether or
not it agrees with the statements made by the Registrant in response to this
Item and, if not, stating the respects in which it does not agree. A copy of
Ernst & Young LLP's letter to the Securities and Exchange Commission confirming
its agreement is attached as Exhibit 99.1 to the Current Report on Form 8-K.
Item 7. Financial Statements and exhibits
(c) Exhibits. See Exhibit 99.1 for letter from Ernst & Young LLP to
the Securities and Exchange Commission.
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.
Inotek Technologies Corp.
Date: May 5, 1995 By: /s/ R. LEE SIMPSON
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R. Lee Simpson
Chief Financial Officer
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EXHIBIT INDEX
Exhibit Description
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99.1 Letter from Ernst & Young LLP to the Securities and Exchange
Commission.
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[ERNST & YOUNG LETTERHEAD]
EXHIBIT 99.1 TO FORM 8-K
May 5, 1995
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Gentlemen:
We have read Item 4 of the Form 8-K dated May 5, 1995, of INOTEK Technologies
Corp. and are in agreement with the statements contained in the first and
fourth paragraphs on page 1 therein. We have no basis to agree or disagree with
other statements of the registrant contained therein.
/s/ ERNST & YOUNG LLP
ERNST & YOUNG LLP
