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 2, 1998
CROWN ENERGY CORPORATION
Exact name of registrant as specified in its charter
Utah 0-19365 87-0368981
State or other jurisdiction Commission File No. IRS Employer ID #
of incorporation
215 South State, Suite 550, Salt Lake City, Utah 84111
Address and zip code of principal executive offices
801-537-5610
Registrant's telephone number
Item 1. Changes in Control of Registrant
Not Applicable
Item 2. Acquisition or Disposition of Assets
Not Applicable
Item 3. Bankruptcy or Receivership
Not Applicable
Item 4. Changes in Registrant's Certifying Accountant
On June 2, 1998, Crown Energy Corporation (the "Company") terminated its
independent auditor relationship with Pritchett, Siler & Hardy, P.C.
("Pritchett").
Pritchett's report on the financial statements of the Company for the
fiscal year ended December 31, 1997, did not contain an adverse opinion or a
disclaimer of opinion, and were not qualified or modified as to uncertainty,
audit scope or accounting principles. The Pritchett report for the fiscal
year ended December 31, 1996, contained a statement as to the ability of the
Company to continue as a going concern. Other than the foregoing, there were
no adverse opinions or disclaimers of opinion, or qualifications as to
uncertainty, audit scope or accounting principles.
The decision to change accountants was approved by the Company's Board of
Directors.
During the fiscal years ended December 31, 1997, 1996 and 1995, and the
period January 1, 1998 through June 2, 1998, there were no disagreements with
Pritchett on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedures or any reportable
events.
On June 2, 1998, the Company engaged Deloitte & Touche LLP ("Deloitte") as
its independent auditors to audit and report on the financial statements of
the Company for the fiscal year ended December 31, 1998.
Prior to engaging Deloitte, neither the Company nor anyone acting on its
behalf consulted with Deloitte regarding the application of accounting
principles to any specified transaction or the type of audit opinion that
might be rendered on the Company's financial statements. In addition, during
the Company's fiscal years ended December 31, 1997 and 1996, and during the
period January 1, 1998 through June 2, 1998, neither the Company nor anyone
acting on its behalf consulted with Deloitte with respect to any matters that
were subject of a disagreement (as defined in Item 304(a)(1)(iv) of
Regulation S-K) or a reportable event (as described in Item 304(a)(1)(v) of
Regulation S-K).
Pursuant to Item 304 of Regulation S-K, the Company submitted a copy of
this Form 8-K to both Pritchett and Deloitte, prior to filing with the
Commission.
Item 5. Other Events
Not Applicable
Item 6. Resignation of Registrant's Directors
Not Applicable
Item 7. Financial Statement, Pro Forma Financial Information and Exhibits
Not Applicable
Item 8. Changes in Fiscal Year
Not Applicable
Item 9. Sales of equity securities pursuant to Regulation S
Not Applicable
The following exhibit will be filed with the Commission as an amendment to
this Report within the required time.
Exhibit No. Description
10.1 Letter from Pritchett, Siler & Hardy, P.C. acknowledging
termination of the independent auditor relationship and review of this
disclosure.
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 hereunto duly authorized.
CROWN ENERGY CORPORATION
Richard Rawdin
Secretary
DATED: June 8, 1998
PRITCHETT, SILER & HARDY, P.C.
430 East 400 South
Salt Lake City, Utah 84111
(801) 328-2727
June 5, 1998
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Gentlemen:
We have read the statements of Crown Energy Corporation pertaining
to our firm included under Item 4 of Form 8-K dated June 2, 1998
and agree with such statements as they pertain to our firm. We
have no basis to agree or disagree with other statements of the
registrant contained therein.
PRITCHETT, SILER & HARDY, P.C.
