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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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): January 5, 1998
INDENET, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-18034 68-015837
(State or other (Commission (IRS Employer
jurisdiction of File No.) Identification No.)
incorporation)
16000 Ventura Blvd., Suite 700, Encino, CA 91436
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (248) 380-6070
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
On January 5, 1998 IndeNet, Inc. (the "Company"), upon recommendation
of the Company's Audit Committee and approval by the Company's Board of
Directors, engaged KPMG Peat Marwick, LLP ("Peat Marwick") to perform future
independent audits of the Company. Peat Marwick thereby replaces BDO Seidman,
LLP ("BDO Seidman") as the Company's independent accountants.
The change in accountants did not result from any dissatisfaction or
disagreement with BDO Seidman. Instead, the change resulted from the Company's
putting its audit work out to bid. BDO Seidman participated in the bidding
process.
In connection with the audits of the two years ended March 31, 1997,
and the subsequent interim period through January 5, 1998, there were not
disagreements with BDO Seidman on any matter of accounting principles or
practices, financial statement disclosure or audit scope or procedure which, if
not resolved to the satisfaction of BDO Seidman, would have caused it to make
reference in connection with their opinion to the subject matter of the
disagreement.
The audit reports of BDO Seidman on the financial statements of the
Company as of and for the years ended March 31, 1997 and 1996 did not contain
an adverse opinion or disclaimer of opinion, nor were they qualified or
modified as to uncertainty, audit scope or accounting principles.
The Company has requested BDO Seidman to furnish a letter addressed to
the Commission stating whether it agrees with the above statements. A copy of
that letter, dated January 9, 1998, is filed as Exhibit 16 to this Form 8-K.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits. The following exhibits are filed herewith:
<TABLE>
<CAPTION>
Exhibit No. Description
----------- -----------
<S> <C>
16 Letter from BDO Seidman, LLP Re
Change in Certifying Accountant
</TABLE>
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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.
INDENET, INC.
January 9, 1998 By: /s/ Andre A. Blay
------------------------------------------
Andre A. Blay
Chairman of the Board and
Chief Executive Officer
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Exhibit Index
Exhibit No. Description
- ----------- -----------
16 Letter from BDO Seidman, LLP Re
Change in Certifying Accountant
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[BDO SEIDMAN LETTERHEAD]
EXHIBIT 16
Securities and Exchange Commission
Washington, D.C. 20549
Re: IndeNet, Inc. Current Report on Form 8-K
We have read Item 4 of IndeNet, Inc.'s Form 8-K Current Report dated January 9,
1998, and we are in agreement with the information contained therein insofar as
it relates to BDO Seidman, LLP. However, it should be noted that BDO Seidman,
LLP, has not been associated with IndeNet, Inc.'s interim financial statements
or other SEC filings subsequent to June 30, 1997.
Very truly yours
/s/ BDO Seidman, LLP
BDO Seidman, LLP
