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 AND EXCHANGE ACT OF 1934
Date of Earliest Event Reported: July 6, 2000
LAHAINA ACQUISITIONS, INC.
(Exact Name of Registrant as specified in its Charter)
Commission File No. 0-27480
Colorado 84-1325695
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(State or other jurisdiction (I.R.S Employer
of incorporation or organization) Identification No.)
5895 Windward Parkway, Suite 220
Alpharetta, Georgia 30005
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(Address of Principal Executive Offices, including Zip Code)
(770) 754-6140
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name or former address, if changed since last report)
Copies to:
Robert E. Altenbach, Esq.
Kutak Rock LLP
Suite 2100
235 Peachtree Street, N.E.
Atlanta, Georgia 30303
(404) 222-4600
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LAHAINA ACQUISITIONS, INC.
FORM 8-K
Item 4. Changes in Registrant's Certifying Accountant
In a letter dated July 6, 2000, Deloitte & Touche LLP ("Deloitte") who had
served as principal accountant to audit the financial statements of the
Registrant, confirmed that the client-auditor relationship between Deloitte and
Registrant had ceased. Following such notification, the Board of Directors of
the Registrant approved the engagement of BDO Seidman, LLP ("BDO") as the
Registrant's principal accountant and replacement for Deloitte. The Board
approved the engagement of BDO because it had the resources needed to serve the
Registrant as its business grows.
Deloitte was engaged as Registrant's principal accountant in September of
1999. Deloitte's report on the Registrant's financial statements since its
appointment 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.
During the period in which Deloitte served as principal accountant, there
were no disagreements with Deloitte on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or procedure, which
disagreement(s), if not resolved to the satisfaction of Deloitte, would have
caused it to make a reference to the subject matter of the disagreement(s) in
connection with its report.
Deloitte did not advise the Registrant at any time it served as principal
accountant:
(a) that the internal controls necessary for the Registrant to
develop reliable financial statements did not exist;
(b) that information had come to its attention that had led it to
no longer be able to rely on management's representations, or
that had made it unwilling to be associated with the financial
statements prepared by management;
(c) of the need to expand significantly the scope of its audit, or
that information had come to its attention during the period it
served as principal accountant that if further investigated
might (i) materially have impacted the fairness or reliability
of either: a previously issued audit report or the underlying
financial statements, or the financial statements issued or to
be issued covering the fiscal period(s) subsequent to the date
of the most recent financial statements covered by an audit
report or (ii) have caused it to be unwilling to rely on
management's representations or be associated with the
Registrant's financial statements; or
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(d) that information had come to its attention that it had
concluded materially impacts the fairness or reliability of
either (i) a previously issued audit report or the underlying
financial statements issued or to be issued covering the fiscal
period(s) subsequent to the date of the most recent financial
statements covered by an audit report.
Deloitte was authorized by the Registrant to respond fully to inquiries of
BDO.
Neither the Registrant nor anyone on its behalf consulted with BDO
regarding either: (a) 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 neither a
written report nor oral advice was provided to the Registrant that BDO concluded
was an important factor considered by the Registrant in reaching a decision as
to an accounting, auditing or financial reporting issue; or (b) any matter that
was the subject of either a disagreement or any other event described above.
ITEM 7. EXHIBIT INDEX
16.1 Letter from Deloitte & Touche LLP regarding Change in Certifying
Accountant
(Remainder of page intentionally left blank.)
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Lahaina Acquisitions, Inc
(REGISTRANT)
Dated: July 13, 2000 /s/ L. Scott Demerau
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L. Scott Demerau, President and
Chief Executive Officer
