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UNITED STATES
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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Date of Report (Date of earliest event reported):
MAY 23, 1996
STARPRESS, INC.
(Exact name of registrant as specified in its charter)
COLORADO
(State or other jurisdiction of incorporation)
0-24596
(Commission File Number)
84-1097212
(IRS Employer Identification No.)
425 MARKET STREET, SAN FRANCISCO, CALIFORNIA 94105
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(415) 778-3100
NOT APPLICABLE
(Former name or former address, if changed since last report.)
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THIS REPORT INCLUDES A TOTAL OF 5 PAGES
EXHIBIT INDEX ON PAGE 4
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANTS.
Ernst & Young LLP, were previously the principal accountants for
StarPress, Inc. ("StarPress"). Effective as of May 23, 1996, the
Board of Directors approved the engagement of the firm of
KPMG Peat Marwick LLP ("KPMG") to replace Ernst & Young LLP.
The StarPress Board approved the termination of the relationship
with Ernst & Young LLP. As of May 23, 1996, Ernst & Young LLP
notified the Commission that the client-auditor relationship
between StarPress and the accounting firm had ceased.
In connection with the audits of the two fiscal years ended June 30,
1995 and the subsequent interim period through May 23, 1996, there
were no disagreements with Ernst & Young LLP on any matter of
accounting principles or practices, financial statement disclosure, or
auditing scope or procedures, which disagreements if not resolved to
their satisfaction would have caused them to make reference in
connection with their opinion to the subject matter of the
disagreement, and said firm has not advised the registrant of any
reportable events.
The accountants' report of Ernst & Young LLP on the consolidated
financial statements of StarPress as of and for the years ended June
30, 1995 and 1994 did not contain any adverse opinion or disclaimer of
opinion, nor were they qualified as to uncertainty, audit scope, or
accounting principles. However, the accountants' report did contain
an explanatory paragraph regarding the uncertainty of StarPress to
continue as a going concern.
StarPress did not consult with KPMG or any other accounting firm
regarding the application of accounting principles to a specific
transaction, either completed or proposed, or the type of opinion that
might be rendered regarding StarPress' financial statements, nor did
StarPress consult with KPMG with respect to any accounting
disagreement or any reportable event at any time prior to the
appointment of KPMG.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) EXHIBITS.
Exhibit
Number Description
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10.1 Letter dated May 30, 1996 from predecessor
independent certified public accountants concurring
with information reported on Form 8-K filed May 30,
1996.
2
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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.
Date: May 30, 1996 STARPRESS, INC.
By: /s/ RONALD S. POSNER
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Ronald S. Posner
Chairman of the Board and Director
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EXHIBIT INDEX
Sequentially
Numbered
Exhibit No. Description Page
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10.1 Letter dated May 30, 1996 from predecessor 5
independent certified public accountants
concurring with information reported on
Form 8-K filed May 30, 1996.
4
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[ERNST & YOUNG LLP - LETTERHEAD]
May 30, 1996
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Gentlemen:
We have read Item 4 of Form 8-K dated May 30, 1996, of StarPress, Inc. and are
in agreement with the statements contained in the four paragraphs on page 2
therein. We have no basis to agree or disagree with other statements of the
registrant contained therein.
/s/ Ernst & Young LLP
