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: May 22, 1997
(Date of earliest event reported)
COMPUTER CONCEPTS CORP.
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(Exact name of registrant as specified in its charter)
Delaware 0-20660 11-2895590
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
80 Orville Drive, Bohemia, New York 11716
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number
including area code (516) 244-1500
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(Former name or former address, if changed since last report)
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Item 4. Changes in Registrant's Certifying Accountant.
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(a) On May 22, 1997, with the approval of the Registrant's Board of
Directors and Audit Committee, the Registrant dismissed Grant Thornton LLP
as its independent accountants for the year ending December 31, 1997.
(b) Grant Thornton LLP's reports on the financial statements for the
past two fiscal years contained no adverse opinion or disclaimer
of opinion and were not qualified or modified as to uncertainty,
audit scope or accounting principles, other than to include in
their report for the Company's financial statements as of and for
the year ended December 31, 1996, the following statement: "The
accompanying consolidated financial statements have been prepared
assuming that the Company will continue as a going concern. As
shown in the consolidated financial statements, the Company
continued to sustain significant losses and use substantial
amounts of cash in operations during the year ended December 31,
1996. These factors, among others, as discussed in note 1 to the
consolidated financial statements, raise substantial doubt about
the Company's ability to continue as a going concern.
Management's plans in regard to these matters are also described
in Note 1. The financial statements do not include any
adjustments that might result from the outcome of this
uncertainty."
(c) During the two most recent fiscal (calendar) years and through the
date of dismissal (May 22, 1997), there were no disagreements with
Grant Thornton LLP on any matter of accounting principle or
practice, financial statement disclosure or auditing scope or
procedure, which disagreement(s), if not resolved to Grant
Thornton LLP's satisfaction, would have caused Grant Thornton LLP
to make reference to the subject matter of the disagreement(s) in
connection with its reports on the Registrant's financial
statements.
(d) The response letter from Grant Thornton LLP required by Item 304 of
Regulation S-K is filed as an exhibit to this report.
Item 7. Financial Statement and Exhibits
Exhibits
16. Letter, dated May 29, 1997, from Grant Thornton LLP to the
Securities and Exchange Commission.
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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.
Computer Concepts Corp.
Date: May 29, 1997 By: /s/ George Aronson
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George Aronson
Chief Financial Officer
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EXHIBIT INDEX
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Exhibit
Number
16 Letter, dated May 29, 1997, from
Grant Thornton LLP to the
Securities and Exchange Commission
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Exhibit 16
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May 29, 1997
Securities and Exchange Commission
Washington, D.C. 20549
Re: Computer Concepts Corp.
File No. 0-20660
Dear Sir or Madam:
We have read Item 4 of the Form 8-K of Computer Concepts Corp. dated May 22,
1997, and agree with the statements contained therein, except that we are not in
a position to agree or disagree with the statement that the change was approved
by the Board of Directors and Audit Committee of the Company.
Very truly yours,
/s/Grant Thornton LLP
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GRANT THORNTON LLP
