SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
AMENDMENT NO. 1
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
JUNE 25, 1997
MAUI USA INC.
(Exact Name of Registrant as Specified in Charter)
NEVADA 33-55254-34 87-0485322
(State or Other (Commission File (I.R.S. Employer
Jurisdiction of Number) Identification
Incorporation) Number)
505 FRONT STREET, SUITE 233, LAHAINA, MAUI, HAWAII 96761
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including
area code: (808) 667-0647
<PAGE>
The Registrant hereby amends the following items, financial statements,
exhibits or other portions of its Current Report on Form 8-K, dated May 9,
1997, as set forth in the pages attached hereto.
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
(a) Previous independent accountants
(i) On May 9, 1997, due to the closing of their Honolulu office, Price
Waterhouse LLP declined to stand for re-election as the independent
accountants for Maui USA Inc.
(ii) The reports of Price Waterhouse LLP on the financial statements for the
past two fiscal years contained no adverse opinions or disclaimer of
opinion and were not qualified or modified as to uncertainty, audit
scope or accounting principle except that the report on the financial
statements for the year ended December 31, 1995 contained an
explanatory paragraph expressing substantial doubt about the entity's
ability to continue as a going concern.
(iii) Not Applicable.
(iv) In connection with its audits for the two most recent fiscal years and
through May 9, 1997, there have been no disagreements with Price
Waterhouse LLP 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 Price Waterhouse
LLP would have caused them to make reference thereto in their report on
the financial statements for such years.
(v) The Registrant has requested that Price Waterhouse LLP furnish it with
a letter addressed to the SEC stating whether or not it agrees with the
above statements. A copy of such letter, dated June 25, 1997, is filed
as Exhibit 16.1 to this Form 8-K.
(b) New independent accountants
(i) The Registrant engaged Coopers & Lybrand LLP as its new independent
accountants as of May 9, 1997.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Not applicable
(b) Not applicable.
(c) The following exhibits are filed with this report:
Exhibit Number Description
16.1 Letter from Price Waterhouse LLP dated June 25, 1997.
<PAGE>
SIGNATURES
In accordance with the requirements of the Exchange Act, the Registrant
caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
Dated: June 25, 1997 MAUI USA INC.
By: /s/ Myron O. Kirkeby
--------------------
Myron O. Kirkeby
President, Chief Executive
Officer and Treasurer
<PAGE>
EXHIBIT INDEX
Exhibit Number Description
16.1 Letter from Price Waterhouse LLP dated June 25, 1997
<PAGE>
EXHIBIT 16.1
June 25, 1997 VIA CERTIFIED MAIL
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Ladies and Gentlemen:
Subject: MAUI USA INC.
COMMISSION FILE NUMBER 33-55254-34
We have read Item 4 of Maui USA Inc.'s Form 8-K/A dated June 25, 1997 and are
in agreement with the statements contained in paragraph 4(a) therein.
Yours very truly,
Price Waterhouse LLP
by Deborah L. Rogers
Partner
kak/vkk
