SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): August 8, 1996
Commission file number 000-27548
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LIGHTPATH TECHNOLOGIES, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 86-0708398
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
6820 Academy Parkway East, NE 87109
Albuquerque, New Mexico (ZIP Code)
(Address of principal executive offices)
Registrant's telephone number, including area code:
(505)342-1100
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LigthPath Technologies, Inc.
( A Development Stage Company)
Form 8-K
Index
Item Page
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Item 4. Changes in Registrant's Certifying Accountant. 2
Signatures 3
Exhibit - 1
1
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LigthPath Technologies, Inc.
( A Development Stage Company)
Form 8-K
Item 4. Changes in Registrant's Certifying Accountant.
Ernst & Young LLP are the principal accountants for LightPath. On August 8,
1996, the Company notified Ernst & Young LLP that firm's appointment as
principal accountants was terminated effective with the conclusion of the June
30, 1996 reporting period.
There were no disagreements with Ernst & Young LLP on any matter of accounting
principles or practices, financial statement disclosure, or auditing scope or
procedure, and such firm's report on the Company's financial statements did not
contain an adverse opinion or disclaimer of opinion and was not modified as to
audit scope, or accounting principles. For the past two years the audit report
has contained explanatory language as to the uncertainty of the Company as a
going concern. Additionally, Ernst & Young LLP's management letter related to
their audit of the June 30, 1995 financial statements contained certain comments
regarding material weaknesses noted. These particular comments related to the
Company's internal controls in its accounting and financial reporting systems
and information systems. The Company agreed to the inclusion of the explanatory
language and the material weaknesses which management believes have been
properly resolved subsequent to June 30, 1995.
2
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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 in its behalf by the
undersigned, thereunto duly authorized.
LIGHTPATH TECHNOLOGIES, INC.
By: /s/ Donald Lawson August 15, 1996
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Donald Lawson Date
Executive Vice President and Treasurer
3
Exhibit 1
August 15, 1996
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
We have read Item 4 of Form 8-K dated August 15, 1996, of LightPath
Technologies, 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.
Regarding the registrant's statement concerning the lack of internal control to
prepare financial statements, included in the second paragraph of page 2
therein, we had considered such matter in determining the nature, timing and
extent of procedures performed in our audit of the registrant's 1995 financial
statements.
Very truly yours,
/s/Ernst & Young
