<PAGE> 1
UNITED STATES
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): January 18, 2001
Westbury Metals Group, Inc.
-------------------------------------------
(Exact name of registrant as specified in charter)
New York 033-42408 11-3023099
-------- --------- ----------
(State of (Commission (IRS Employer
Organization) File Number) Identification No.)
750 Shames Drive
Westbury, New York 11590
---------------------------------------- -----
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, including area code: (516) 997-8333
--------------
Former name or former address, if changed since last report: Not Applicable
<PAGE> 2
Item 5. Other Events
Financial Reports
On January 18, 2001, the Company issued a press release announcing that it
expects a further delay in filing its financial reports for the year ended June
30, 2000 and its restated financial reports for its fiscal quarters ended
September 30, 1999, December 31, 1999 and March 31, 2000 until mid February
2001. It had previously reported that these financial reports would be filed by
mid January and late January 2001, respectively. This further delay in filing
its financial reports with the Securities and Exchange Commission is due to the
fact that the Company's independent public accounting firm, Deloitte & Touche,
LLP has not completed its review of the changes made by the Company in
accounting for its unrefined precious metals inventories from market value to
lower of cost or market. In December 2000, the Company conferred with its
auditors and established a timetable for completion of the review. Deloitte &
Touche now requires additional time to complete its work. A copy of this press
release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is
incorporated herein by reference.
Item 7. Financial Statements and Exhibits
(a) Financial Statements of Business Acquired.
Not applicable.
(b) Unaudited Pro Forma Combined Financial Information.
Not applicable.
(c) Exhibits.
99.1 Press Release of the Company, dated January 18, 2001.
<PAGE> 3
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 thereunto duly authorized.
Westbury Metals Group, Inc.
By: /s/ Mandel Sherman
-----------------------------------------------
Mandel Sherman
Chief Executive Officer
Date: January 18, 2001
