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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):
FEBRUARY 12, 1997
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TEXAS EQUIPMENT CORPORATION,
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formerly, MARINEX MULTIMEDIA CORPORATION, formerly HARD FUNDING, INC.
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(Exact name of registrant as specified in its charter)
NEVADA
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(State or other jurisdiction of incorporation or organization)
Commission File Number:
33-47921-A
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62-1459870
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(IRS Employer Identification Number)
C/O PAUL CONDIT
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TEXAS EQUIPMENT CORPORATION
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1305 HOBBS HIGHWAY
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SEMINOLE, TX 79360
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(Address of principal executive offices)
915-758-3643
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(Registrant's telephone number, including area code)
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Item 1. Changes in Control of Registrant.
Not applicable.
Item 2. Acquisition or Disposition of Assets.
A. Not applicable.
Item 3. Bankruptcy or Receivership.
Not applicable.
Item 4. Changes in Registrant's Certifying Accountant.
The parent Company's present auditor, Mazars & Guerard, formerly Mazars
and Company, New York, New York, has resigned contemporaneously herewith and has
been asked to furnish a letter to the Securities & Exchange Commission to the
effect that it has no material disagreements with the statements made in this
Item 4. The subsidiary, Texas Equipment Co., Inc., a Texas corporation, has been
audited by Killman, Murrell & Co, of Odessa, Texas.
Management represents as follows:
(a) There have been no disputes between management and the
auditors and the auditors' reports contained no adverse opinion,
disclaimer of opinion, or was qualified or modified as to uncertainty,
audit scope, or accounting principles.
(b) The decision to change accountants was recommended and
approved by the board of directors.
(c) During the registrant's two most recent fiscal years and
any subsequent interim period there were no disagreements with the
former accountant on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure. The
registrant has authorized the former accountants to respond fully to
the inquiries of the successor accountants.
(d) None of the accountants expressed a disagreement or
difference of opinion regarding any "reportable" event as that term is
defined in Item 304 of Regulation S-K, including but not limited to:
(i) None of the accountants have advised the
registrant that the internal controls necessary for the
registrant to develop reliable financial statements do not
exist;
(ii) None of the accountants have advised the
registrant that information has come to the accountant's
attention that has led it to no longer be able to rely on
management's representations, or that has made it unwilling to
be associated with the financial statements prepared by
management;
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(iii) None of the accountants have advised the
registrant of the need to expand significantly the scope of
its audit, or notified the registrant that information has
come to the accountant's attention that if further
investigated may (i) materially impact the fairness or
reliability of either: a previously issued audit report or the
underlying financial statements, or the financial statements
issued or to be issued covering the fiscal period(s)
subsequent to the date of the most recent financial statements
covered by an audit report (including information that may
prevent it from rendering an unqualified audit report on those
financial statements), or (ii) cause it to be unwilling to
rely on management's representations or be associated with the
registrant's financial statements, and due to the accountant's
resignation (due to audit scope limitations or otherwise) or
dismissal, or for any other reason, the accountant did not so
expand the scope of its audit or conduct such further
investigation;
(iv) None of the accountants have advised the
registrant that information has come to the accountant's
attention that it has concluded materially impacts the
fairness or reliability of either (i) a previously issued
audit report or the underlying financial statements, or (ii)
the financial statements issued or to be issued covering the
fiscal period(s) subsequent to the date of the most recent
financial statements covered by an audit report (including
information that, unless resolved to the accountant's
satisfaction, would prevent it from rendering an unqualified
audit report on those financial statements), and due to
the accountant's resignation, dismissal or declination to
stand for re-election, or for any other reason, the issue has
not been resolved to the accountant's satisfaction prior to
its resignation, dismissal or declination to stand for
re-election.
(e) Management has requested the newly engaged accountant to
review the required disclosure before it is filed with the Commission
and provide the new accountant the opportunity to furnish the
registrant with a letter addressed to the Commission containing any new
information, clarification of the registrant's expression of its views,
or the respects in which it does not agree with the statements made by
the registrant in response to Item 304(a). The registrant has appended
that letter hereto as an exhibit.
(f) The registrant has provided all of its present and former
accountants with a copy of the disclosures it is making. The registrant
has requested the former accountant to furnish the registrant with a
letter addressed to the Commission stating whether it agrees with the
statements made by the registrant. The Company has appended that letter
hereto as an exhibit.
Item 5. Other Events.
Not Applicable.
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Item 6. Resignations of Registrant's Directors.
Not applicable.
Item 7. Financial Statements and Exhibits.
(a) Financial Statements of Business Acquired.
Not applicable.
(b) Exhibits.
16(a) Letter from Mazars & Company to the Securities &
Exchange Commission.
16(b) Letter from Mazars & Company to the Securities &
Exchange Commission.
16(c) Letter from Killman, Murrell to the Securities &
Exchange Commission.
TEXAS EQUIPMENT CORPORATION,
Formerly, MARINEX MULTIMEDIA
CORPORATION
By: /s/ Paul Condit
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Paul Condit
President
Date: February 12, 1997
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EXHIBIT 16(a)
[MAZARS & GUERARD, LLP LETTERHEAD]
February 12, 1997
Securities and Exchange Commission
Office of Chief Accountant
Washington, D.C. 20549
Attn: SECPS Letter File/Mail Stop 9-5
Re: Texas Equipment Corporation
formerly Marinex Multimedia Corporation,
formerly Hard Funding, Inc. 33-47921-A
Gentlemen:
Please be informed that on February 12, 1997 the client-auditor
relationship between our firm and Texas Equipment Corporation has ended.
Very truly yours,
/s/ Mazars & Guerard, LLP
Certified Public Accountants
via fax
cc: Texas Equipment Corporation
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EXHIBIT 16(b)
[MAZARS & GUERARD, LLP LETTERHEAD]
February 14, 1997
Securities and Exchange Commission
Office of Chief Accountant
Washington, D.C. 20549
Gentlemen:
We have read Item 4 of the Form 8-K dated February 12, 1997 of Texas
Equipment Corporation and agree with such statement.
Very truly yours,
/s/ Mazars & Guerard, LLP
Certified Public Accountants
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EXHIBIT 16(c)
[KILLMAN, MURRELL & COMPANY, P.C. LETTERHEAD]
February 18, 1997
Securities and Exchange Commission
Office of Chief Accountant
Washington, D.C. 20549
Gentlemen:
Please be informed that Texas Equipment Corporation has engaged our
firm as auditor on February 12, 1997
We have read Item 4 of the Form 8-K dated February 12, 1997, of Texas
Equipment Corporation and agree with such statement.
Very truly yours,
/s/ Killman, Murrell & Company, P.C.
Killman, Murrell & Company, P.C.
Certified Public Accountants
