<PAGE> 1
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): September 24, 1998
------------------
SVI Holdings, Inc.
- --------------------------------------------------------------------------------
(Exact Name of Registrant as Specified in its Charter)
Nevada
- --------------------------------------------------------------------------------
(State or Other Jurisdiction of Incorporation)
0-23049 84-1131608
- ------------------------ ----------------------------------
(Commission File Number) (IRS Employer Identification No.)
7979 Ivanhoe Avenue, Suite 500, La Jolla, California 92037
- --------------------------------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
(619) 551-2365
- --------------------------------------------------------------------------------
(Registrant's telephone number, including area code)
- --------------------------------------------------------------------------------
(Former Name or Former Address, if Changed Since Last Report)
<PAGE> 2
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
On September 24, 1998, the Registrant engaged Deloitte & Touche LLP to
serve as the Registrant's independent accountants for the fiscal year ending
March 31, 1999. On the same date, the Registrant formally notified Singer Lewak
Greenbaum & Goldstein LLP ("Singer Lewak"), its prior independent accountants,
that the Registrant would not be engaging Singer Lewak to serve as its
independent accountants for the fiscal year ending March 31, 1999. The decision
was recommended by the Registrant's Audit Committee and approved by the
Registrant's Board of Directors.
Singer Lewak's reports for the fiscal years ended March 31, 1998,
September 30, 1997 and September 30, 1996 did not contain an adverse opinion or
disclaimer of opinion and were not modified as to uncertainty, audit scope or
accounting principles. There were no disagreements with Singer Lewak on any
matter of accounting principles or practices, financial statement disclosure, or
auditing scope or procedure. The reason for the change in accountants was the
desire of the Registrant to engage a firm with a national and international
reputation and presence so that a single firm could serve all of the
Registrant's domestic and foreign operations and subsidiaries.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
16.1 Letter of Singer Lewak Greenbaum & Goldstein
SIGNATURE
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 hereto duly authorized.
Date: September 30, 1998
SVI Holdings, Inc.
(Registrant)
By: /s/ David L. Reese
------------------
David L. Reese
Chief Financial Officer
Exhibit 16.1
September 28, 1998
Securities and Exchange Commission
Washington, D.C. 20549
Re: SVI Holdings, Inc.
Ladies and Gentlemen:
We have read Item 4 of the Form 8-K of SVI Holdings, Inc. dated
September 24, 1998 and agree with the statements contained therein.
SINGER LEWAK GREENBAUM & GOLDSTEIN LLP
Los Angeles, California
September 28, 1998
