UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
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 15, 2000
SPECTRASOURCE CORPORATION
(Exact name of registrant as specified in its charter)
Nevada
(State or other 0-18515 93-0960302
jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
10450 Westoffice Houston, Texas 77042
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 713-783-0443
N/A
(Former name or former address, if changed since last report.)
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ITEM 4. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT.
(a) On November 15, 2000, the Company dismissed Bateman & Co., Inc.,
P.C., as its principal accountant to audit the Company's financial
statements. The decision to dismiss Bateman & Co. was recommended by
the Company's audit committee and was approved by the Board of
Directors of the Company. For each of the last two Form 10-KSB
filings for each of the last two fiscal years, Bateman & Co.'s
report has reported substantial doubt about the Company's ability to
continue as a going concern. As discussed in Note 2 of such
financial statements, it was stated that the Company had suffered
recurring losses from operations and development stage activities
and was suffering a working capital deficiency that raised
substantial doubts about its ability to continue as a going concern.
However, each of these reports were prepared and filed prior to
acquisitions made by the Company effective April 28, 2000 and
disclosed in the Form 8-K filed May 15, 2000. Bateman & Co. had
advised the Company that the Company's internal controls with
respect to the Dallas, Texas division of Buildersource, Inc. were
not sufficient, and the Company is taking action to increase
internal controls for that division. Bateman & Co. had also advised
the Company that the Company needed to hire an internal chief
financial officer, and the Company is seeking to hire a qualified
person to fill such position. Bateman & Co. had also advised the
Company to establish an audit committee, and the Company has
established such an audit committee. The Board of Directors has
authorized Bateman & Co. to respond fully to inquiries of its new
accountants, Lee & Associates, concerning the subject matter of any
disagreements between the Company and Bateman & Co.
(b) On November 15, 2000, the Company engaged Lee & Associates as its
new principal accountant to audit the Company's financial
statements.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial Statements of business acquired.
N/A
(b) Pro forma financial information.
N/A
(c) Exhibits.
16. Letter on change in certifying accountant. The Company has requested
Bateman & Co. to provide the Company with a letter, within 10 business days of
the filing of this Form 8-K, stating whether Bateman & Co. agrees with the
statements made by the Company in this Form 8-K and, if not, stating the
respects in which it does not agree. Attached as Exhibit 16 is the letter from
Bateman & Co. Inc., P.C. dated November 30, 2000.
ITEM 8. CHANGE IN FISCAL YEAR.
On November 14, 2000, the Board of Directors of the Company determined to
change the
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Company's fiscal year end from February 28 to September30, and the Company will
report the transition period for such change in fiscal year end in the Form 10-K
to be filed by December 30, 2000.
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.
SPECTRASOURCE CORPORATION
(Registrant)
Date: November 21, 2000 By: /s/ CHARLES SHEFFIELD
(Signature)
Charles Sheffield
President
