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U.S. 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): May 5, 1999
ACRODYNE COMMUNICATIONS, INC.
(Exact name of registrant as specified in its charter)
Commission file number
0-24886
Delaware 11-3067564
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
516 Township Line Road
Blue Bell, Pennsylvania 19422
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(Address of principal executive offices) (Zip Code)
Issuer's telephone number: 215-542-7000
NOT APPLICABLE
(Former name or former address, if changed from last report)
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Item 4. Changes in Registrant's Certifying Accountant.
On November 23, 1998 Acrodyne Communications, Inc. ("Acrodyne") entered
into an agreement with Sinclair Broadcast Group, Inc. ("Sinclair"), whereby
Sinclair agreed to acquire a significant equity interest in Acrodyne and appoint
certain members of Acrodyne's Board of Directors and senior management. Since
that time Acrodyne and Sinclair have begun Research and Development programs
together and have also begun the sharing of management personnel, technology and
industry associations.
The Board of Directors believes that for convenience and for better
financial planning and continuity, the Company would be better served under the
umbrella of one public accountant. Acrodyne's Board of Directors has dismissed
PricewaterhouseCoopers LLP, and has appointed Arthur Andersen LLP, subject to
shareholders approval. PricewaterhouseCoopers LLP, had served as the Company's
independent auditors since the Company's inception in May of 1991.
Contained in Acrodyne's Proxy Schedule 14A, which was filed with the
Securities and Exchange Commission ("SEC") on April 30, 1999, Acrodyne presented
this proposal to its shareholders. The engagement of another independent
accountant is subject to shareholders' approval. The Board of Directors has
recommended to its shareholders that they vote FOR the engagement of another
independent accountant as the Company's principal accountant.
PricewaterhouseCoopers LLP, and Arthur Andersen LLP, are planning to attend the
Annual Meeting of Shareholders and should be available to answer any questions
which may arise.
PricewaterhouseCoopers LLP, had audited the financial statements of the
Company and its wholly owned subsidiary, Acrodyne Industries Inc., for fiscal
year ending December 31, 1998 and had issued an unqualified report on March 31,
1999, on such financial statements. PricewaterhouseCoopers LLP had provided
other audit services to the Company in connection with filings with the SEC and
tax services. To the best of our knowledge, there were no disagreements on
financial or accounting matters between the Company and PricewaterhouseCoopers
LLP.
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SIGNATURES
Pursuant to the requirement 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.
Acrodyne Communications, Inc.
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(Registrant)
/s/ A. Robert Mancuso
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A. Robert Mancuso
President and CEO
