Date of Report April 23, 1998
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
Commission File Number: 1-10569
AutoLend Group, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 22-3137244
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization identification no.)
600 Central SW, Third Floor, Albuquerque, NM 87102
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(Address of principal executive offices) (Zip Code)
(505) 247-9429
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(Registrant's telephone number, including area code)
<PAGE>
AutoLend Group, Inc.
FORM 8-K
INDEX
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PAGE
Item 4 Changes in Registrant's Certifying Accountant 1
SIGNATURES 2
EXHIBITS
1. Order Approving Debtor's Application to Employ Accountants
(Meyners & Company, Inc.) 1-1
2. Letter to KPMG Peat Marwick, LLP dated April 21, 1998 1-2
-i-
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Item 4 Changes in Registrant's Certifying Accountant
On April 17, 1998, the United States Bankruptcy Court for the
District of New Mexico approved the selection by AutoLend
Group, Inc. (the "Company") of Meyners + Company, LLC,
Certified Public Accountants of Albuquerque, New Mexico to
serve as the Company's principal accountant to audit the
Company's financial statements, prepare the Company's tax
returns and perform services related to the preparation of
reports required to be filed with the Securities and Exchange
Commission (the "S.E.C."). (See Exhibit 1, "Order Approving
Debtor's Application to Employ Accountants.)
On April 21, 1998, the Company notified KPMG Peat Marwick, LLP
that Meyners + Company, LLC had been engaged by the Company to
perform the audit for the Company's fiscal year ended March
31, 1998. (See Exhibit 2, "Letter to KPMG Peat Marwick, LLP
dated April 21, 1998".)
Although the former accountant was dismissed as of April 21,
1998, there is no disagreement with the former accountant on
any matter of accounting principals or practices, financial
statement disclosure or auditing scope of procedure nor has
there been such disagreement during the last two fiscal years.
The decision to change accountants will be submitted to the
Board of Directors for ratification at the next regularly
scheduled meeting of the Board of Directors which will occur
prior to July 31, 1998. The decision to change accountants was
not recommended by the Board of Directors or a committee of
the Board of Directors.
1
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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 thereto duly authorized.
AUTOLEND GROUP, INC.
(Registrant)
SIGNATURE TITLE DATE
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/S/Nunzio P. DeSantis Chairman of the Board April 23, 1998
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Nunzio P. DeSantis Chief Executive Officer
EXHIBIT I
Page 4
UNITED STATES BANKRUPTCY COURT
DISTRICT OF NEW MEXICO
In re:
AutoLend Group, Inc.
Tax I.D. No. 22-3137244 Case No. 11-97-15499-MA
Debtor.
ORDER APPROVING DEBTOR'S APPLICATION TO EMPLOY ACCOUNTANTS
(MEYNERS + COMPANY LLC)
The Court, after review of the Debtor's Application to Employ
Accountants (Meyners + Company LLC) (the "Application"), and after consideration
of the comments of the Office of the United States Trustee, (Ronald E. Andazola,
Esq.), hereby finds that the Application should be granted in part, on the terms
and conditions as set forth herein.
IT IS THEREFORE ORDERED ADJUDGED AND DECREED that the Debtor's
Application to Employ Accountants (Meyners + Company LLC) is approved, for the
following services only: (1) Any and all services related to the preparation of
the Debtor's tax returns, and (2) Any and all services related to the
preparation of Securities and Exchange Commission Forms 10-K, 10-Q, or other
required SEC reports, forms, or other reporting requirements. Meyners + Company
LLC is specifically authorized to perform any audit of the Debtor and its
subsidiaries necessary to fulfill its SEC and tax responsibilities.
IT IS FURTHER ORDERED, ADJUDGED AND DECREED that the Debtor shall
provide the Office of the U.S. Trustee with a document disclosing any and all
debts owed between and among the Debtor and its wholly owned subsidiaries, and
disclosing a list of all creditors of each subsidiary. Such disclosure shall be
provided no later than May 1, 1998. If such disclosure resolves the concerns of
the Office of the U.S. Trustee, the Court may enter an Order expanding the
employment of Meyners + Company LLC to the extent requested in Debtor's
Application. If such disclosure fails to resolve the concerns of the Office of
the U.S. Trustee, and if the parties are unable to resolve such concerns among
themselves, the Court will hold a hearing on such remaining issues, on short
notice to the Debtor and the Office of the U.S. Trustee.
IT IS FURTHER ORDERED, ADJUDGED AND DECREED that Meyners + Company LLC
shall make periodic application for payment of fees, subject to the Court's
allowance under 11 U.S.C. ss.ss.328, 329 and 330, with the first application to
be made no later than 180 days from the date of the entry of the Order.
/s/ MARK B. MCFEELEY
UNITED STATES BANKRUPTCY JUDGE
Submitted by:
WILLIAMS F. DAVIS & ASSOC., P.C.
/s/ CHRIS W. PIERCE
Chris W. Pierce, Esq.
Attorneys for the Debtor
P.O. Box 6
Albuquerque, NM 87103
(505) 243-6129
Accepted and approved:
UNITED STATES TRUSTEE
TELEPHONIC APPROVAL 4-16-98
Ronald E. Andazola, Esq.
Assistant United States Trustee
P.O. Box 608
Albuquerque, NM 87103-0608
(505) 248-6544
