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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): August 27, 1997.
COMMISSION FILE NO. 0-20189
EQUITRAC CORPORATION
(Exact name of Registrant as specified in its charter)
FLORIDA 59-1797862
(State or other jurisdiction of (IRS Employee Identification Number)
incorporation or organization)
836 PONCE DE LEON BOULEVARD
CORAL GABLES, FLORIDA 33134
(305) 442-2060
(Address, including zip code, and telephone number,
including area code, of registrant's
principal executive offices)
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
On August 27, 1997, Arthur Andersen LLP was appointed by the Registrant's
Audit Committee of the Board of Directors as the Registrant's new independent
certified public accountants replacing Coopers & Lybrand LLP who were dismissed
on that date.
During the Registrant's fiscal years ended February 28, 1997 and February
29, 1996 and the subsequent interim period preceding the change in accountants,
there were no disagreements with Coopers & Lybrand LLP on any manner of
accounting principles or practices, financial statement disclosure, or auditing
scope or procedure, which disagreements, if not resolved to the satisfaction of
Coopers & Lybrand LLP, would have caused Coopers & Lybrand LLP to make reference
to the subject matter of the disagreements in connection with its reports.
Further, during the Registrant's fiscal years ended February 28, 1997 and
February 29, 1996, none of the reports of Coopers & Lybrand LLP contained an
adverse opinion or a disclaimer of opinion, or was qualified or modified as to
uncertainty, audit scope, or accounting principles.
The Registrant has requested that Coopers & Lybrand LLP furnish the
Registrant with a letter addressed to the Securities and Exchange Commission
stating whether it agrees with the foregoing statements. This letter is filed as
Exhibit 1 to this Report.
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ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) The following exhibit is filed as part of this report on Form 8-K:
1. Letter of Coopers & Lybrand LLP dated August 29, 1997.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
EQUITRAC CORPORATION
(Registrant)
By: /s/ George P. Wilson
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George P. Wilson
President and Chief
Executive Officer
Dated: September 2, 1997
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COOPERS 200 South Biscayne Boulevard telephone (305) 375-7400
& LYBRAND Suite 1900 facsimile (305) 375-6221
Miami, Florida 33131
Exhibit 1
August 29, 1997
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Gentlemen:
We have read the statements made by Equitrac Corporation (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 August, 1997. We
agree with the statements concerning our Firm in such Form 8-K.
Very truly yours,
/s/ Coopers & Lybrand L.L.P.
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Coopers & Lybrand L.L.P.
