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U.S. 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
Date of Report (Date of earliest event reported): August 19, 1999
LAIDLAW GLOBAL CORPORATION
(Exact Name of Registrant as specified in its charter)
Delaware 33-37203-D 84-1148210
(State or other jurisdiction (Commission File (IRS Employer
of Incorporation) Number) Identification Number)
100 Park Avenue, New York, NY 10017
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code, (212) 376-8800
FI-TEK V, INC.
(Former name or former address, if changed since last report)
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Item 4. Changes in Registrant's Certifying Accountant
a. On August 19, 1999, Comiskey & Company, P.C., the Registrant's principal
independent auditor for the previous two fiscal years, was dismissed due to
the recent change in control of the Registrant. The Registrant's principal
shareholders and new Board of Directors determined that it was in the best
interest of the Registrant to retain the firm of Grant Thornton LLP who
served as the independent auditors of the Registrant's subsidiary Laidlaw
Holdings, Inc., commencing with the fiscal year ending December 31, 1998.
b. On or about August 16, 1999, the Registrant's Board of Directors approved
the engagement of Grant Thornton LLP to serve as its independent auditor.
Further, on or about that same date, Grant Thornton LLP entered into an
agreement with the Registrant to provide such independent auditor services.
c. The reports of Comiskey & Company, P.C. on the Registrant's financial
statements did not contain an adverse opinion or disclaimer and was not
qualified as to audit scope or accounting principals.
d. There were no disagreements, whether or not resolved, with Comiskey &
Company, P.C. on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure, which if
not resolved to the former accountant's satisfaction, would have caused it
to make reference to the subject matter thereof in connection with its
report.
Item 5. Other Events
a. In connection with events which occurred and reported on Form 8-K dated
July 8, 1999, the Registrant determined that it was in the best interest of
the Registrant to change its fiscal year to a calendar year December 31.
b. As previously reported on Form 8-K for events which occurred on July 1,
1999, the Registrant assumed the obligations of Laidlaw Holdings, Inc. with
respect to the conversion rights of holders of convertible subordinated
debt. Since the date of such report, additional holders of such convertible
subordinated debt aggregating $1,146,989 in principal amount have been
converted into 559,507 shares of common stock of the Registrant.
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Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
a. None
b. None
c. Exhibits
Exhibit Number Description
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16.1 Letter of Comiskey & Company, P.C.,
dated August 20, 1999, pursuant to Item
304 of Regulation S-B.
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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.
LAIDLAW GLOBAL CORPORATION
August 20, 1999 By: /s/ Roger Bendelac
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Roger Bendelac,
Executive Vice President
Ex. 16.1
COMISKEY & COMPANY, PROFESSIONAL CORPORATION
Certified Public Accountants and Consultants
789 Sherman Street, Suite 440
Denver, CO 80203
August 19, 1999
Office of the Chief Accountant
SECPS Letter File
Securities and Exchange Commission
Mail Stop 9-5
450 Fifth Street, N.W.
Washington, D.C. 20549
Dear Sir or Madam:
This is to inform you that due to the recent change in ownership of the Company,
and retention of acquiror's accounting firm, the client-auditor relationship has
ceased between Fi-Tek V, Inc. (Commission File No. 33-37203-D) and Comiskey &
Company, P.C.
There have been no disagreements between Fit-Tek V, Inc. and Comiskey & Company,
P.C. during the auditor-client relationship.
Very truly yours,
COMISKEY & COMPANY
PROFESSIONAL CORPORATION
By: /s/ Lori L. Johnson
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Lori L. Johnson, C.P.A.
cc: Ronald J. Miller
Ron Berenblat
