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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON. DC 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) June 19, 1998
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AMERICAN FILM TECHNOLOGIES, INC.
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(Exact Name of Registrant as Specified in Charter)
Delaware 1-9748 23-2359277
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No)
4105 Sorrento Valley Boulevard, San Diego, California 92121
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(Address of Principal Executive Offices)
Registrant's telephone number, including area code (619)623-0830
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(Former Name or Former Address, if Changed Since Last Report)
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Item 4. Changes in Registrant's Accountants.
(a) On June 19, 1998, Registrant's auditors, Ernst & Young, LLP ("E&Y")
advised Registrant by letter that the client-auditor relationship between
Registrant and E&Y had ceased, which Registrant deems to be a resignation. E&Y
also advised that the "decision was made by our (E&Y's) area leadership to
terminate at this time so as to allow the Company enough time to select new
auditors for the fiscal year ending June 30, 1998." The report of E&Y for the
fiscal years ended June 30, 1996 and June 30, 1997 included a "going concern"
qualification arising from the Registrant's petition for reorganization under
Chapter 11 of the United States Bankruptcy Code filed on October 15, 1993, the
approval of a Plan of Reorganization by the bankruptcy court on October 6, 1995
and the Company's continuing need of additional funds to finance its ongoing
operations. There were no disagreements between Registrant and E&Y during the
Registrant's most recent fiscal years and subsequent periods preceding the
resignation relating to any matter of accounting principles or practices,
financial disclosure or auditing scope or procedure. The Registrant has not yet
retained a new independent auditing firm.
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.
American Film Technologies, Inc.
Date: July 2, 1998 By: /s/ Gerald M. Wetzler
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Gerald M. Wetzler
Chief Executive Officer
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EXHIBITS TO FORM 8-K
AMERICAN FILM TECHNOLOGIES, INC.
(16) Letter re Change in Certifying Accountants. Letter dated June 18, 1998
from Ernst & Young LLP.
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EXHIBIT 16
ERNST & YOUNG LLP LETTER HEAD
June 19, 1998
Mr. Gerald M. Wetzler
Chief Executive Officer
American Film Technologies, Inc.
4105 Sorrento Valley Boulevard
San Diego, California 92121
Dear Mr. Wetzler:
This is to confirm that the client-auditor relationship between American Film
Technologies, Inc. (Commission File Number 1-9748) and Ernst & Young LLP has
ceased.
Very truly yours,
/s/ Ernst & Young, LLP
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cc: Office of the Chief Accountant
SECPS Letter File
Securities and Exchange Commission
Mail Stop 11-3
450 Fifth Street, N.W.
Washington, D.C. 20549
