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 26, 1999
Leak-X Environmental Corporation
(exact name of registrant as specified in its charter)
Delaware 0-17776 23-2823596
(State or other
jurisdiction of
incorporation) (Commission File Number) (IRS Employer
Identification No.)
790 East Market Street, Suite 270, West Chester, Pennsylvania 19382
(Address of principal executive offices)(zip code)
Registrant's Telephone Number, including Area Code: (610) 344-3380
N/A
(Former name or former address, if changed since last report)
Item 4. Changes in Registrant's Certifying Accountant.
(a) On January 26, 1999, Leak-X Environmental Corporation
(the "Registrant") dismissed the firm of Mazars & Guerard, LLP
(the "Former Accountants") as its independent accountants. The
reports of the Former Accountants on the Registrant's financial
statements for the fiscal years ended December 31, 1996 and 1997
did not contain an adverse opinion or disclaimer of opinion and
were not qualified or modified as to uncertainty, audit scope or
accounting principles. The Audit Committee of the Registrant's
Board of Directors recommended and authorized the decision to
change independent accountants. There were no disagreements with
the Former Accountants for the fiscal years ended December 31,
1996 and 1997 or for the interim periods subsequent to December
31, 1997, on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure,
which disagreements, if not resolved to the satisfaction of the
Former Accountant would have caused them to make reference
thereto in their reports on the financial statements for such
periods.
The Former Accountants have furnished the Registrant with a
letter addressed to the Securities and Exchange Commission
stating that it agrees with the above statements. A copy of this
letter is included as an exhibit to this Report on Form 8-K.
(b) The Registrant engaged Radin, Glass & Co., LLP (the
"New Accountants") as its new independent accountants as of
January 26, 1999. During the fiscal years ended December 31,
1996 and 1997 and the interim periods subsequent to December 31,
1997, the Registrant did not consult with the New Accountants on
the application of accounting principles to a specified
transaction, either completed or proposed; or the type of audit
opinion that might be rendered on the Registrant's financial
statements; or receive either written or oral advice from the New
Accountants that was an important factor in reaching a decision
as to an accounting, auditing or financial reporting issue.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
(16) Letter regarding change in certifying accountant<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities Exchange
Act of 1934, as amended, the Registrant has duly caused this
report to be signed on its behalf by the undersigned hereunto
duly authorized.
LEAK-X ENVIRONMENTAL CORPORATION
(Registrant)
Dated: January 26, 1999 By: /s/ Joyce A. Rizzo
Name: Joyce A. Rizzo
Title: Chief Executive Officer
Index of Exhibits
Exhibit No. Exhibit Description
16 Letter regarding change in certifying accountant.
Mazars & Guerard, LLP
Certified Public Accountants
January 26, 1999
Securities and Exchange Commission
Office of Chief Accountant
Washington, D.C. 20549
Gentlemen:
We have read Item of the Form 8-K dated January 26, 1999 of Leak-X Environmental
Corporation and agree with such statement.
Very truly yours,
/s/ Mazars & Guerard, LLP
Certified Public Acountants
