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
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August 8, 1996
Date of Report (Date of earliest event reported)
QUALITY PRODUCTS, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-18145 75-2273221
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
Incorporation)
560 Dublin Avenue
Columbus, Ohio 43215-2388
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (614) 228-8120
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Item 4. Changes in Registrant's Certifying Accountant
On August 8, 1996, Quality Products, Inc. (the "Company")
engaged as its independent auditor Farber & Hass, and terminated its
relationship with its former auditor, KPMG Peat Marwick LLP (the "Former
Auditor"). The foregoing decisions were approved by the Board of Directors of
the Company.
The audit reports on the financial statements for either of
the past two years (there was no audit report for the year ended September 30,
1995) did not contain an adverse opinion or a disclaimer of opinion, nor was it
qualified or modified as to uncertainty, audit scope, or accounting principles.
For the year ended September 30, 1994, there were no disagreements with the
Former Auditor 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 Auditor, would have caused it to
make reference to the subject matter of the disagreements in connection with its
report. The Former Auditor did not audit any financial statements of the Company
prior or subsequent to the year ended September 30, 1994.
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<PAGE>
Item 7. Financial Statements and Exhibits
(c) Exhibits
16.1 - Letter dated August 28, 1996 from KPMG Peat Marwick LLP
to the Securities and Exchange Commission
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<PAGE>
SIGNATURE
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.
QUALITY PRODUCTS, INC.
By: /s/ Bruce Weaver
Bruce Weaver, President
Dated: August 28, 1996
Columbus, Ohio
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<PAGE>
Exhibit Index
Exhibit No. Description of Exhibit
16.1 - Letter dated August 28, 1996 from
KPMG Peat Marwick LLP to the Securities
and Exchange Commission
KPMG PEAT MARWICK LLP
P.O. Box 31002
St. Petersburg, Florida 33731-8902
August 28, 1996
Securities and Exchange Commission
Washington, D.C. 20549
Ladies & Gentlemen:
We were previously principal accountants for Quality Products,
Inc. and, under the date of December 30, 1994, we reported on the consolidated
financial statements of Quality Products Inc. and subsidiaries of and for the
year ended September 30, 1994. On August 14, 1996 we were informed that our
appointment as principal accountants was terminated effective August 8, 1996. We
have read Quality Product Inc.'s statements included under Item 4 of its Form
8-K dated August 8, 1996, and we agree with such statements, except that we are
not in a position to agree or disagree with Quality Products Inc.'s statement
that the change was approved by the board of directors.
Very truly yours,
/s/ KPMG Peat Marwick LLP
