UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities and Exchange Act of 1934
Date of Report (Date of earliest event reported) - September 10, 1997
FIRST TEAM SPORTS, INC.
(Exact name of registrant as specified in its charter)
Minnesota 0-16442 41-1545748
(State or other Jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
120l Lund Boulevard
Anoka, MN 55303
(Address of principal executive offices and zip code)
(612) 576-3500
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
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Item 4. Changes in Registrant's Certifying Accountant.
Effective September 10, 1997, McGladrey & Pullen, LLP ("McGladrey")
resigned as the independent public accountants for First Team Sports, Inc. (the
"Company").
In connection with the audits of the three years ended February 28,
1997, and the subsequent interim period through September 10, 1997, there were
no disagreements with McGladrey on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or procedures,
which disagreements if not resolved to their satisfaction would have caused them
to make reference in connection with their opinion to the subject matter of the
disagreement.
The audit reports of McGladrey on the consolidated financial statements
of the Company as of and for the years ended February 28, 1997, February 29,
1996 and February 28, 1995 did not contain any adverse opinion or disclaimer of
opinion, nor were they qualified or modified as to uncertainty, audit scope, or
accounting principles.
Item 7. Financial Statements; Pro Forma Financial Information and Exhibits.
(a) Financial statements.
None.
(b) Pro forma financial information.
None.
(c) Exhibits. The following exhibits are included with this report:
16 Letter from McGladrey & Pullen, LLP
<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 duly authorized.
DATED: September 15, 1997 FIRST TEAM SPORTS, INC.
By: /s/ Robert L. Lenius, Jr.
Robert L. Lenius, Jr., Vice President and
Chief Financial Officer
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
EXHIBIT INDEX TO FORM 8-K
Date of Report: Commission File No.:
September 10, 1997 0-16442
FIRST TEAM SPORTS, INC.
Exhibit
16 Letter from McGladrey & Pullen, LLP
Exhibit 16
September 11, 1997
Securities and Exchange Commission
Washington, D.C. 20549
We were previously the independent accountants for First Team Sports, Inc. and
subsidiary, and on April 9, 1997, we reported on the consolidated financial
statements of First Team Sports, Inc. and subsidiary as of February 28, 1997 and
February 29, 1996 and for each of the three years in the period ended February
28, 1997. On September 10, 1997, we resigned as independent accountants of First
Team Sports, Inc. and subsidiary.
We have read First Team Sports, Inc.'s statements included under Item 4 of its
Form 8-K dated September 10, 1997, and we agree with such statements.
/s/ McGladrey & Pullen, LLP
McGladrey & Pullen, LLP
McGladrey & Pullen, LLP
445 Minnesota Street, Suite 1800
St. Paul, Minnesota 55101-2170
(612) 222-8011 Fax (612) 293-8418
