UNITED STATES
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) MAY 16, 1996
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FRC RACING PRODUCTS, INC.
(Exact name of registrant as specified in its charter)
NEVADA
(State or other jurisdiction of incorporation)
33-55254-17 87-0434298
(Commission File Number) (IRS Employer Identification Number)
101 NORTH INDUSTRIAL PARKWAY, WEST UNION, IA 52175
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code (319) 422-6244
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
The Registrant and its principal accounting firm, Coopers & Lybrand L.L.P., have
ceased their client-auditor relationship effective May 16, 1996.
Coopers & Lybrand has not reported on the financial statements of the Registrant
as of and for any years ended.
There have been no disagreements with Coopers & Lybrand on any matter of
accounting principals or practice, financial statement disclosure, or auditing
scope or procedure.
ITEM 7. FINANCIAL REPORTS AND EXHIBITS
(c) Exhibits:
16. (1) Letter dated May 16, 1996 to the Registrant from Coopers &
Lybrand confirming cessation of the client-auditor relationship,
and (2) Letter dated May 23, 1996 to the SEC from Coopers &
Lybrand confirming agreement with the statements contained in
this Form 8-K.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on behalf of the undersigned
thereunto duly authorized.
FRC Racing Products, Inc.
Dated May 23, 1996 By: /s/ John Shaw
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John Shaw
Its Chief Operating Officer
EXHIBIT 16(1)
LETTERHEAD OF COOPERS & LYBRAND L.L.P.
May 16, 1996
Brent A. Johnson
Chief Executive Officer
FRC Racing Products, Inc.
101 North Industrial Parkway
West Union, IA 52175
Dear Mr. Johnson:
This is to confirm that the client-auditor relationship between FRC Racing
Products, Inc. (Commission File Number 33-55254017) and Coopers & Lybrand L.L.P.
has ceased.
Sincerely,
s/Coopers & Lybrand L.L.P.
Coopers & Lybrand L.L.P.
cc: Office of the Chief Accountant J.C. Anderson, Esquire
SECPS Letter File Gray, Plant, Mooty & Mooty
Securities and Exchange Commission 3400 City Center
Mail Stop 9-5 33 South Sixth Street
450 Fifth Street, N.W. Minneapolis, MN 55402-3796
Washington, DC 20549
EXHIBIT 16(2)
LETTERHEAD OF COOPERS & LYBRAND L.L.P.
May 23, 1996
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Gentlemen:
We have read the statements made by FRC Racing Products, Inc. (copy attached),
which we understand will be filed with Commission, pursuant to Item 4 of Form
8-K, as part of the Company's Form 8-K report dated May 23, 1996. We agree with
the statements concerning our Firm in such Form 8-K.
Very truly yours,
/s Coopers and Lybrand L.L.P.
Coopers & Lybrand L.L.P.
