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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
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DATE OF REPORT: December 19, 1997
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SUN TELEVISION AND APPLIANCES, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
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<S> <C> <C>
Ohio 0-19269 31-1178151
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(STATE OR OTHER (COMMISSION FILE NO.) (IRS EMPLOYER
JURISDICTION OF IDENTIFICATION NUMBER)
INCORPORATION OR
ORGANIZATION)
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6600 Port Road
Groveport, Ohio 43125
(614) 492-5600
(ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER
INCLUDING AREA CODE OF REGISTRANT'S PRINCIPAL EXECUTIVE OFFICES)
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Not Applicable
(FORMER NAME OR ADDRESS, IF CHANGED SINCE LAST REPORT)
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
On December 19, 1997, Sun Television and Appliances, Inc. ("Sun")
replaced Coopers & Lybrand LLP ("Coopers & Lybrand") as the principal accountant
for Sun. For the past two fiscal years, the reports of Coopers & Lybrand did not
contain an adverse opinion nor a disclaimer of opinion and were not qualified or
modified as to uncertainty, audit scope or accounting principles. The decision
to replace Coopers & Lybrand was approved by the Audit Committee of the Board of
Directors of Sun. The Audit Committee based its decision on the fact that Price
Waterhouse LLP and Coopers & Lybrand have announced merger plans and R. Carter
Pate, Sun's Chairman of the Board, President and Chief Executive Officer is a
partner of Price Waterhouse LLP and a principal of BTS, LLC, a subsidiary of
Price Waterhouse LLP.
In connection with the audits of Sun's financial statements for each of
the two most recent fiscal years ending March 1, 1997 and March 2, 1996 and in
the subsequent interim period preceding Cooper & Lybrand's dismissal, there were
no disagreements on any matters of accounting principles or practices,
financial statement disclosure or auditing scope or procedure which if not
resolved to the satisfaction of Coopers & Lybrand, would have caused Coopers &
Lybrand to make references to the matter in their report.
On December 19, 1997, Sun engaged as its new principal accountant KPMG
Peat Marwick LLP. During the two most recent fiscal years and through the date
of their appointment, Sun has not consulted with KPMG on matters of the type
contemplated by Item 304(a)(2) of Regulation S-K.
Sun has requested that Coopers & Lybrand furnish it with a letter
addressed to the Securities and Exchange Commission (the "SEC") stating whether
it agrees with the statements set forth in this Form 8-K. A copy of that letter,
dated December 23, 1997, is filed herewith as Exhibit 16.1 to this Form 8-K.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
Exhibit No. Description
16.1 Letter dated December 23, 1997 from Coopers & Lybrand LLP,
Registrant's certifying accountant.
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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.
SUN TELEVISION AND APPLIANCES, INC.
Date: December 23, 1997 By: /s/ John J. Lynch
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John J. Lynch, Chief Financial Officer,
Controller, and Treasurer
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EXHIBIT INDEX
Exhibit No. Description Page
16.1 Letter dated December 23, 1997 from Coopers &
Lybrand LLP, Registrant's certifying accountant
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[COOPERS & LYBRAND LLP LETTERHEAD]
December 23, 1997
Securities and Exchange Commission
450 5th Street, N.W.
Washington, D.C. 20549
Gentlemen:
We have read the statements made by Sun Television & Appliances, 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 for the month of
December 1997. We agree with the statements concerning our Firm in such Form
8-K.
Very truly yours,
/s/ Coopers & Lybrand L.L.P.
Coopers & Lybrand L.L.P.
