FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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 28, 1997
TOPS APPLIANCE CITY, INC.
- ----------------------------------------------------------------
(Exact name of registrant as specified in its charter)
New Jersey 0-20498 22-3174554
- ----------------------------------------------------------------
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
45 Brunswick Avenue, Edison, New Jersey 08818
- ----------------------------------------------------------------
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code:(908) 248-2850
N/A
- ----------------------------------------------------------------
(Former name or former address, if changed since last report)
Page 1 of 3 pages
<PAGE>
Item 1. Changes in Control of Registrant
Not Applicable
Item 2. Acquisition or Disposal of Assets
Not Applicable
Item 3. Bankruptcy or Receivership
Not Applicable
Item 4. Changes in Registrant's Certifying Accountant
Registrant has engaged Arthur Anderson & Co. as its
independent certifying accountant effective August 28, 1997
replacing Ernst & Young, its prior independent certifying
accountant, as of the same date. The change in independent
certifying accountant was approved by the Board of Directors of
Registrant.
The reports of Ernst & Young respecting Registrant for
fiscal years 1995 and 1996 contained no adverse opinion or
disclaimer of opinion and was not qualified or modified as to
uncertainty, audit scope or application of accounting principles,
except that Ernst & Young qualified its 1996 report as to
Registrant's ability to continue as a going concern. During
fiscal years 1995 and 1996 and the subsequent period thereto
prior to the dismissal of Ernst & Young, there were no
disagreements between Registrant and Ernst & Young on any matter
of accounting principles or practices, financial statement
disclosure, or auditing scope or procedure.
During fiscal years 1995 and 1996 and the subsequent period
thereto prior to engaging Arthur Anderson & Co., the Registrant
had no discussions with Arthur Anderson & Co. regarding either
the application of an accounting principle, the type of opinion
that would be rendered in Registrant's financial statements or
any matter that was the subject of disagreement with Ernst &
Young.
Item 5. Other Events
Not Applicable
Item 6. Resignation of Registrant's Directors
Not Applicable.
Item 7. Financial Statements and Exhibits
(a) Financial statements of business acquired.
Not Applicable
(b) Pro forma financial information
Not Applicable
(c) Exhibits
A. Letter from Ernst & Young to the Securities
and Exchange Commission dated September 4,
1997.
<PAGE>
SIGNATURE
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.
TOPS APPLIANCE CITY, INC.
BY:/s/ Robert Gross
----------------------------
ROBERT GROSS,
Chief Executive Officer
Dated: September 4, 1997
<PAGE>
ERNST & YOUNG LLP
Metro Park
99 Wood Avenue South
P.O. Box 751
Iselin, New Jersey 08830
(908) 906-3200
September 4, 1997
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Gentlemen:
We have read Item 4 of Form 8-K dated September 4, 1997, of Tops
Appliance City, Inc. and are in agreement with the statements
contained in the second paragraph on page 2 therein. We have no
basis to agree or disagree with other statements of the
registrant contained therein.
Sincerely,
/s/Ernst & Young LLP
ERNST & YOUNG LLP
