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) September 19, 1995
Hitox Corporation of America
(Exact name of registrant as specified in its charter)
Delaware 0-17321 74-2081929
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
Furman Plaza Building, 418 Peoples Street, Corpus Christi, Texas 78401
(Address of principal executive offices) (Zip Code)
(512) 882-5175
(Registrant's telephone number, including area code)
None
(Former name or former address, if changed since last report)
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Item 4. Changes in Registrant's Certifying Accountant
(a) On September 19, 1995, management of Hitox Corporation of America
("the Company"), as directed by the Board of Directors, engaged the accounting
firm of Ernst & Young LLP as its independent certified public accountants and
as the Company's independent auditors, and dismissed the firm of Deloitte &
Touche LLP, which was the principal independent certified public accountant
for the Company's most recent certified financial statements.
(b) In connection with its audits for the two most recent fiscal years
ended December 31, 1994 and 1993, respectively, and the subsequent interim
periods, there have been no disagreements with Deloitte & Touche LLP on any
matters of accounting principles or practices, financial statement disclosure,
or auditing scope or procedures or any reportable events.
(c) Deloitte & Touche LLP's report on the Company's financial statements
for the past two years contained no adverse opinion or disclaimer of opinion.
Deloitte & Touche LLP's report for the fiscal year ended December 31, 1993
contained an uncertainty paragraph regarding the Company's ability to continue
as a going concern.
(d) The Company has requested that Deloitte & Touche LLP furnish it with
a letter addressed to the Securities and Exchange Commission stating whether
it agrees with the above statements. A copy of Deloitte & Touche LLP's letter
to the Securities and Exchange Commission, dated September 25, 1995, is filed
as Exhibit 16 hereto.
(e) The decision to change independent certified public accountants was
recommended by the Company's audit committee and was approved by the Company's
Board of Directors.
Item 7. Financial Statements and Exhibits
(c) Exhibits
(16) Letter from the independent certified public accountants
pursuant to Item 4(d).
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
HITOX CORPORATION OF AMERICA
Date: September 26, 1995 By: THOMAS A. LANDSHOF
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Thomas A. Landshof
President and CEO
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EXHIBIT 16
September 25, 1995
Securities and Exchange Commission
Mail Stop 9-5
450 5th Street, N.W.
Washington, D.C. 20549
Dear Sirs/Madams:
We have read and agree with the comments in Item 4 of Form 8-K of Hitox
Corporation of America dated September 19, 1995.
Yours truly,
Deloitte & Touche LLP
San Antonio, Texas
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