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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A-1
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 16, 1997
Specialty Retail Group, Inc.
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(Exact name of registrant as specified in its charter)
Florida 0-18797 59-2824411
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
477 Madison Avenue, 14th Floor, New York, New York 10022
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (212) 872-9684
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Index to Exhibits located at Page 4
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Item 4. Changes in Registrant's Certifying Accountant.
On September 16, 1997, the Company terminated the engagement of BDO
Seidman, LLP, as the principal accountant to audit the Company's financial
statements and appointed Jeffrey M. Brinn, CPA, South Huntington, New York, as
principal accountant to audit such financial statements.
The principal accountant's report on the Company's financial statements
for each of the Company's 1995 and 1996 fiscal years did not contain an adverse
opinion or a disclaimer of opinion, and was not qualified or modified as to
audit scope or accounting principles. The accountant's report for the fiscal
year ended June 30, 1996 was modified to reflect substantial doubt as to the
Company's ability to continue as a going concern.
The decision to terminate the principal accountant was approved by the
Company's Board of Directors.
During the Company's 1995, 1996 and 1997 fiscal years and the interim
period subsequent to the Company's 1997 fiscal year through the date of
termination of the engagement of the principal independent accountant, there
were no disagreements with the principal independent accountant on any matter of
accounting principles or practices, financial statement disclosure or auditing
scope or procedure, which, if not resolved to the satisfaction of the former
accountant, would have caused it to make reference to the subject matter thereof
in connection with its report.
Item 7. Exhibits
16 Letter from Former Accountant to the Commission
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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.
Dated: October 14, 1997.
SPECIALTY RETAIL GROUP, INC.
By: /s/ STEVEN E. GLASS
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Steven E. Glass, Secretary
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Index to Exhibits located at Page 4
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EXHIBIT INDEX
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Exhibit No. Page Number
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16 Letter from BDO Seidman, 5
LLP, addressed to the
Commission, regarding
concurrence or
disagreement with the
statements made in this
Current Report on Form
8-K.
Page 4 of 5
Index to Exhibits located at Page 4
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BDO Seidman, LLP
Accountants and Consultants
330 Madison Avenue
New York, New York 10017
Telephone: (212) 885-8000
Fax: (212) 697-1299
September 21, 1997
Securities and Exchange Commission
450 5th Street, NW
Washington, D.C. 20549
Gentlemen:
We have been furnished with a copy of the response of Item 4 of Form 8-K for the
event that occurred on September 16, 1997, filed by our former client, Specialty
Retail Group, Inc. We agree with the statements made in response to that Item
insofar as they relate to our Firm.
Very truly yours,
/s/ BDO SEIDMAN, LLP
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BDO Seidman, LLP
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