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):
June 26, 1997 (June 20, 1997)
Sport Supply Group, Inc.
(Exact name of registrant as specified in its charter)
Delaware 1-10704 75-2241783
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
1901 Diplomat Drive, Farmers Branch, Texas 75234
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(972) 484-9484
Not Applicable
(Former name or former address, if changed since last report)
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Item 4. Change in Registrant's Certifying Accountant.
Effective June 20, 1997, the Company appointed Ernst & Young LLP as
its independent auditors for the fiscal year ending September 26, 1997,
to replace the firm of Arthur Andersen LLP, who was dismissed as
auditors of the Company effective June 20, 1997. The decision to change
auditors was recommended by the Audit Committee of the Board of
Directors and approved by the Company's Board of Directors.
The reports of Arthur Andersen LLP on the Company's financial
statements for the ten month period ended October 31, 1995 and the year
ended November 1, 1996 did not contain an adverse opinion or a
disclaimer of opinion, nor were they qualified or modified as to
uncertainty, audit scope or accounting principles.
During the ten month period ended October 31, 1995, the year ended
November 1, 1996, and the subsequent interim period prior to June 20,
1997, there were no disagreements with Arthur Andersen LLP on any matter
of accounting principles or practices, financial statement disclosures,
or auditing scope or procedure, which disagreements, if not resolved to
the satisfaction of Arthur Andersen LLP, would have caused it to make a
reference to the subject matter of the disagreements in connection with
its reports.
The Company has not consulted with Ernst & Young LLP during the
last two fiscal years or subsequent interim periods prior to June 20,
1997, on either the application of accounting principles or the type of
opinion Ernst & Young LLP might issue on the Company's financial
statements.
The Company requested Arthur Andersen LLP to furnish the Company
with a letter addressed to the Securities and Exchange Commission
stating whether or not Arthur Andersen LLP agrees with the above
statements, which letter is attached hereto as Exhibit 16.1.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits.
(c) Exhibits
16.1. Letter of Arthur Andersen LLP to the Securities and Exchange
Commission.
<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.
Sport Supply Group, Inc.
Date: June 25, 1997 By:/s/ John P. Walker
John P. Walker, Executive Vice President
and Chief Financial Officer
June 24, 1997
Office of the Chief Accountant
Securities and Exchange Commission
Mail Stop 11-3
450 Fifth Street N.W.
Washington, D.C. 20549
Dear Sirs:
We have read Items 4 and 7 included in the attached Form 8-K dated June
20, 1997, of Sport Supply Group, Inc. (the Registrant) filed with the
Securities and Exchange Commission, and are in agreement with the
statements contained therein.
Very truly yours,
/s/ Arthur Andersen LLP
VP
Attachment
Copy to:
Mr. John P. Walker, Chief Financial Officer
Sport Supply Group, Inc.
