STRATEGIC SOLUTIONS GROUP INC
8-K, 2000-05-15
COMPUTER PROGRAMMING SERVICES
Previous: K&F INDUSTRIES INC, 424B3, 2000-05-15
Next: ALTERNATIVE ASSET GROWTH FUND L P, 10-Q, 2000-05-15


<PAGE>

                                 UNITED STATES
                      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

        Date of Report (Date of earliest event reported): May 12, 2000

                        STRATEGIC SOLUTIONS GROUP, INC.
            (Exact name of registrant as specified in its charter)

                                   DELAWARE
                (State or other jurisdiction of incorporation)

                 1-12536                            11-2964894
          (Commission File No.)          (IRS Employer Identification No.)

                         1598 WHITEHALL ROAD, SUITE E
                           ANNAPOLIS, MARYLAND 21401
             (Address of principal executive offices and zip code)

      Registrant's telephone number, including area code: (410) 757-2728
<PAGE>

ITEM 4.  CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT

(A)  PREVIOUS INDEPENDENT ACCOUNTANTS

(i) On May 12, 2000, Strategic Solutions Group, Inc. (the "Registrant")
dismissed PricewaterhouseCoopers LLP as its independent accountants. The
decision to dismiss PricewaterhouseCoopers LLP was approved by the Audit
Committee and the Board of Directors of the Registrant.

(ii) The reports of PricewaterhouseCoopers LLP on the Registrant's financial
statements for the years ended December 31 1999 and 1998 did not contain an
adverse opinion or a disclaimer of opinion, and were not qualified or modified
as to audit scope or accounting principle. However, such reports contained an
explanatory paragraph relating to the Company's ability to continue as a going
concern.

(iii) In connection with the audits of the financial statements of the
Registrant for the years ended December 31, 1999 and 1998, and for the period
from January 1, 2000 through May 12, 2000, the Registrant had no disagreements
with PricewaterhouseCoopers LLP on matters of accounting principles or
practices, financial statement disclosure, or auditing scope or procedure, which
disagreements, if not resolved to the satisfaction of PricewaterhouseCoopers
LLP, would have caused them to make reference to such disagreements in their
report on the Registrant's financial statements for such years.

(iv) During the years ended December 31, 1999 and 1998 and the period from
January 1, 2000 through May 12, 2000, there have been no reportable events (as
defined in Regulation S-K item 304(a)(1)(v)).

(v) The Registrant has requested that PricewaterhouseCoopers LLP furnish it with
a letter addressed to the SEC stating whether or not it agrees with the above
statements. A copy of that letter, dated May 12, 2000, is filed as Exhibit 16 to
this Form 8-K.

(B)  NEW INDEPENDENT ACCOUNTANTS

       The Registrant engaged Grant Thornton LLP as its new independent
accountant as of May 15, 2000. During the two most recent fiscal years and
through May 12, 2000, the Registrant has not consulted with Grant Thorton LLP
regarding either (i) the application of accounting principles to a specified
transaction, either completed or proposed; or the type of audit opinion that
might be rendered on the Registrant's financial statements, and either a written
report was provided to the Registrant or oral advice was provided that Grant
Thorton LLP concluded was an important factor considered by the Registrant in
reaching a decision as to the accounting, auditing or financial reporting issue;
or (ii) any matter that was either the subject of a disagreement, as that term
is defined in Item 304(a)(1)(iv) of Registration S-K and the related
instructions to Item 304 of Regulation S-K, or a reportable event, as that term
is defined in Item 304(a)(1)(v) of Regulation S-K.

ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS

    (c)  Exhibits.

       Letter, dated May 12, 2000, concerning the change in the Registrant's
Certifying Accountants.
<PAGE>

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.

                           STRATEGIC SOLUTIONS GROUP, INC.

Dated: May 15, 2000        By: /s/ John Cadigan
                               ----------------
                               John Cadigan
                               Chief Executive Officer

<PAGE>

EXHIBIT 16

May 12, 2000

Securities and Exchange Commission
450 Fifth Street, NW
Washington, D.C. 20549

Commissioners:

We have read the statements made by Strategic Solutions Group, Inc. (copy
attached), which we understand will be filed with the Commission, pursuant to
Item 4 of Form 8-K, as part of the Company's Form 8-K report dated May 12, 2000.
We agree with the statements concerning our Firm in such Form 8-K.

Very truly yours,

PricewaterhouseCoopers LLP



© 2019 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission