SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K/A
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 and through the period ended August 14,
1996, 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
16.2 - Letter dated August 30, 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 30, 1996
Columbus, Ohio
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<PAGE>
Exhibit Index
Exhibit No. Description of Exhibit
16.2 - Letter dated August 30, 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 30, 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/A 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
