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: August 19, 1996
(Date of earliest event reported)
FIRSTMARK CORP.
(Exact Name of Registrant as Specified in its Charter)
Maine 0-20806 01-0389195
(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
222 Kennedy Memorial Drive, 04901
Waterville, Maine (Zip Code)
(Address of Principal Executive Offices)
Registrant's telephone number, including area code:
(207) 873-6362
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Item 4. Changes in Registrant's Certifying Accountant.
On August 19, 1996, the Board of Directors of Firstmark Corp. (the
"Company"), approved the replacement of Edwards, Faust & Smith as the
independent accountant chosen to audit the Company's financial statements and
approved the appointment of Deloitte & Touche LLP as the Company's independent
accountant. The appointment of Deloitte & Touche LLP will be effective
immediately.
Edwards, Faust & Smith's report on the financial statements of the
Company for each of the two fiscal years ended June 30, 1995 did not contain an
adverse opinion or a disclaimer of opinion, and was not qualified or modified as
to audit scope or accounting principles. Their report on the Company's June 30,
1995 financial statements dated September 11, 1995 did contain an explanatory
paragraph due to a change in the method of accounting for investments, the
uncertainty regarding the recoverability of an investment and emphasis of a
matter regarding a gain from a settlement which occurred subsequent to year end.
During the Company's two fiscal years ended June 30, 1995 and during the
subsequent period preceding the date of Edwards, Faust & Smith's replacement,
there has been no disagreement with Edwards, Faust & Smith on any matter of
accounting principles or practices, financial statement disclosure or auditing
scope or procedure, which disagreement, if not resolved to the satisfaction of
Edwards, Faust & Smith, would have caused Edwards, Faust & Smith to make
reference to the subject matter of the disagreement in connection with its
report.
The Company has provided Edwards, Faust & Smith with a copy of this
Current Report. A letter from Edwards, Faust & Smith to the Company dated August
21, 1996 with respect to this matter is attached hereto as Exhibit 16.
Item 7(c). Exhibits.
Exhibit No. Description
16 Letter dated August 21, 1996 from Edwards, Faust & Smith
re Change in Certifying Accountant.
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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.
FIRSTMARK CORP.
(Registrant)
Date: August 21, 1996 By: /s/ James F. Vigue
James F. Vigue
President and Chief Executive Officer
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EXHIBIT INDEX
Exhibit No. Description
16 Letter dated August 21, 1996 from Edwards, Faust & Smith
re Change in Certifying Accountant.
Exhibit 16
[EDWARDS, FAUST & SMITH LETTERHEAD]
August 21, 1996
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Ladies and Gentlemen:
We have read and agree with the comments in Item 4 of Form 8-K of Firstmark
Corp. dated August 21, 1996.
Yours truly,
/s/ Edwards, Faust & Smith
Edwards, Faust & Smith
