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): NOVEMBER 29, 1999
RECOTON CORPORATION
(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
NEW YORK 0-5860 11-1771737
(STATE OR OTHER JURISDIC- (COMMISSION (IRS EMPLOYER
TION OF INCORPORATION) FILE NUMBER) IDENTIFICATION NO.)
2950 LAKE EMMA ROAD, LAKE MARY, FLORIDA 32746
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES, INCLUDING ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: 407-333-8900
N.A.
(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
<PAGE>
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
On November 30, 1999 the Company retained the services of Deloitte & Touche
LLP as its independent auditors. This engagement satisfies a condition of the
Master Restructuring Agreement with the Company's lenders and noteholders dated
as of September 8, 1999 which requires the Company to utilize an international
auditing firm with offices in each of the countries in which the Company and its
subsidiaries operate. This engagement was approved by the Board of Directors of
the Company on the recommendation of its Audit Committee. During the Company's
two most recent fiscal years and any subsequent interim period, the Company did
not consult with Deloitte & Touche regarding any matters noted in Items
304(a)(2)(i) and (ii) of Regulation S-K.
On November 29, 1999 Cornick, Garber & Sandler, LLP resigned as the
Company's independent auditors because they did not meet the condition of the
Master Restructuring Agreement. There have been no "disagreements" within the
meaning of Item 304(a)(1)(iv) of Regulation S-K or any events of the type listed
in Item 304(a)(1)(v)(A) through (D) of Regulation S-K involving Cornick, Garber
& Sandler that occurred within the Company's two most recent fiscal years and
any subsequent interim period. Cornick, Garber & Sandler's reports on the
financial statements of the Company for the past two years did not contain any
adverse opinions or disclaimers of opinion, and were not qualified or modified
as to uncertainty, audit scope or accounting principles.
The Company intends to continue to engage Cornick, Garber & Sandler to
provide tax, consultation, and other services to the Company.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
a. FINANCIAL STATEMENTS OF BUSINESS ACQUIRED: not applicable
b. PRO FORMA FINANCIAL INFORMATION: not applicable
c. EXHIBITS:
1. Letter from Cornick, Garber & Sandler LLP to the Securities
and Exchange Commission dated December 2, 1999 regarding the
change of auditors.
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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.
RECOTON COMPANY
By: /S/ STUART MONT
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Name: Stuart Mont
Title: Chief Operating Officer and
Executive Vice President-Operations
Dated: December 2, 1999
<PAGE>
EXHIBIT INDEX
1. Letter from Cornick, Garber & Sandler LLP to the Securities and Exchange
Commission dated December 2, 1999 regarding the change of auditors.
EXHIBIT 1
Securities and Exchange Commission
Washington, D.C. 20549
Gentlemen:
We have read Item 4 included in the Form 8-K dated November 29, 1999 of
Recoton Corporation filed with the Securities and Exchange Commission and are in
agreement with the statements contained therein.
Very truly yours,
/S/ CORNICK, GARBER & SANDLER, LLP
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CERTIFIED PUBLIC ACCOUNTANTS
