SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
Date of report (Date of earliest April 22, 1997 event reported):
Hudson Hotels Corporation
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(Exact Name of Registrant as Specified in Charter)
New York 33-26780-NY 16-1312167
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(State or Other Jurisdiction (Commission File (IRS Employer
of Incorporation) Number) Identification No.)
One Airport Way, Suite 200, Rochester, New York 14624
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (716)-436-6000
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(Former Name or Founder Address, if Changed Since Last Report)
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Item 4. Changes in Registrant's Certifying Accountants.
On April 22, 1997, the Board of Directors of the Company, upon the
recommendation of the Audit Committee, directed management to designate Coopers
& Lybrand, LLP for appointment as the Company's principal accountants to audit
the Company's financial statements, pursuant to the Company's Proxy Statement to
its shareholders, dated April 25, 1997 and relating to the Company's annual
meeting to be held May 29, 1997. This designation followed the solicitation of
proposals for accounting services by the Company from several accounting firms,
and the review of those proposals and the accompanying presentations. In
connection with this designation, the Company's existing accountants, Bonadio &
Co., LLP, were dismissed.
(a)(1)(i) The Company's former accountants, Bonadio & Co., LLP, were dismissed
effective April 22, 1997.
(ii) Bonadio & Co., LLP's reports on the Company's financial
statements for the past two years did not contain an adverse
opinion or disclaimer of opinion, nor was either such
opinion modified as to uncertainty, audit scope, or
accounting principles.
(iii) The decision to change accounts was adopted by the Audit
Committee of the Board of Directors and by the full Board.
(iv) There were no disagreements with Bonadio & Co., LLP on any
matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure.
(a)(2) It is anticipated that Coopers & Lybrand, LLP will be engaged to serve
as the Company's principal accountants to audit its financial
statements at the Company's annual meeting, to be held on May 29,
1997. In connection with its solicitation for proposals the Company
did not consult with the new accountants regarding either (1) the
application of accounting principles to a specific completed or
contemplated transaction, or the type of audit opinion that might be
rendered on the Company's financial statements, or (2) any
disagreements with the Company's prior accountants.
(a)(3) Attached hereto as Exhibit 16 is a letter from Bonadio & Co., LLP
regarding the change in the Company's certifying accountants.
Item 7. Exhibits
16. Letter from Bonadio & Co., LLP regarding change in certifying
accountants.
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.
Hudson Hotels Corporation
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(Registrant)
Date: April 28, 1997 /s/ Taras Kolcio
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Taras Kolcio, Chief Financial Officer
[LETTERHEAD OF BONADIO & CO., LLP]
EXHIBIT 16
April 28, 1997
Securities and Exchange Commission
Gentlemen:
We have read Item 4 included in Form 8-K dated April 28, 1997 of Hudson Hotels
Corporation filed with the Securities and Exchange Commission and are in
agreement with the statements contained therein.
Very truly yours,
BONADIO & CO., LLP
by /s/ James Zielinski
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James J. Zielinski
