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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): June 16, 1998
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BISCAYNE APPAREL, INC.
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(Exact name of registrant as specified in its charter)
FLORIDA
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(State of other jurisdiction of incorporation)
1-9635 65-0200397
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(Commission File Number) (IRS Employer Identification No.)
1373 BROAD STREET
CLIFTON, NEW JERSEY 07013
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(Address of principal executive offices) (Zip Code)
973-473-3240
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Registrant's telephone number, including area code
Biscyane Holdings, Inc. 2665 South Bayshore Drive, Miami, Fl 33133
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(Former name of former address, if changed since last report)
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
The accounting firm of Coopers & Lybrand L.L.P. ("Coopers & Lybrand")
served Biscayne Apparel, Inc. (the "Company") as its independent accountants
with respect to calendar years 1991-1997. Effective June 16, 1998, Coopers &
Lybrand was dismissed by the Company's Board of Directors (pursuant to the
Company's delivery of a letter of dismissal) based upon, among other things, the
recommendation of the Company's Audit Committee. During the Company's two most
recent calendar years, and during the subsequent interim period through the time
of dismissal, there were no (i) disagreements between the Company and Coopers &
Lybrand on any matter of accounting principles or practices, financial statement
disclosure, or auditing scope or procedure, which disagreements, if not resolved
to the satisfaction of Coopers & Lybrand, would have caused it to make reference
to the subject matter of the disagreement in connection with its reports, or
(ii) reportable events as defined in paragraph (a)(1)(v) of Item 304 of
Regulation S-K. Coopers & Lybrand's reports on the financial statements of the
Company for the two most recent calendar years did not contain an adverse
opinion or disclaimer of opinion, and were not qualified or modified as to
uncertainty, audit scope, or accounting principles. Upon recommendation by the
Audit Committee, the Company's Board of Directors engaged Richard A. Eisner &
Company as the Company's independent accountants for calendar year 1998,
effective as of June 16, 1998. During the Company's two most recent fiscal years
and the subsequent period through the date of engagement, Richard A. Eisner &
Company was not consulted regarding any matters set forth in paragraphs
(a)(2)(i) or (ii) of Item 304 of Regulation S-K.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS
(a) & (b) N/A
(c) Exhibits
16 Acknowledgment Letter from Coopers &
Lybrand L.L.P. regarding its
dismissal as the Company's
independent public accountants.
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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.
BISCAYNE APPAREL, INC.
Dated: June 16, 1998 By: /s/ Peter Vandenberg, Jr.
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Peter Vandenberg, Jr.
President, Treasurer, COO & CFO
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COOPERS & LYBRAND L.L.P Morris County Financial Center telephone (973) 829-9000
Coopers One Sylvan Way
& Lybrand Parsippany, New Jersey facsimile (973) 829-9313
a professional services firm 07054-3894
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June 16, 1998
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Gentlemen:
We have read the statements made by Biscayne Apparel, Inc., (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 dated June 16,
1998. 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.
