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 26, 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 June
25, 1997, as set forth in the pages attached hereto.
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 Coopers & Lybrand L.L.P. dated
June 26, 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: July 10, 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 Coopers & Lybrand L.L.P. dated
June 26, 1997
<PAGE>
EXHIBIT 16.1
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
RE: MAUI U.S.A., INC.
COMMISSION FILE NUMBER 033-55254-34
June 26, 1997
Gentlemen:
We have read the statements made by Maui U.S.A., Inc. (copy attached),
which we understand have been filed with the Commission, pursuant to Item 4
of Form 8-K, as part of the Company's Form 8-K report for the month of June
1997. We agree with the statements concerning our Firm in such Form 8-K.
Very truly yours,
/s/ Coopers & Lybrand L.L.P.
<PAGE>
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):
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>
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
(a) Previous independent accountants
(i) On June 19, 1997, Coopers & Lybrand LLP ("C&L") resigned as the
independent accountants of Maui U.S.A. Inc. (the "Registrant"). As
reported by the Registrant on Form 8-K dated May 9, 1997, as amended
by Form 8-K/A dated June 25, 1997 (the "Prior Form 8-K"), C&L were
engaged as the Registrant's Independent accountants on May 9, 1997.
As also reported in the Prior Form 8-K, Price Waterhouse LLP ("PW")
were the Registrant's previous independent accountants.
(ii) During their period of engagement as the Registrant's independent
accountants, C&L did not conduct an audit or report on any financial
statements of the Registrant for any period. As reported in the
Prior Form 8-K, the reports of PW on the financial statements for
the years ended December 31, 1996 and December 31, 1995 contained no
adverse opinion 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) C&L resigned prior to completing its review of the unaudited
financial statements for the quarter ended March 31, 1997 which
included a review of the Company's capitalization of project related
costs, about which C&L expressed an initial difference of opinion
based on incomplete facts which would impact periods in the years
ended December 31, 1996 and 1995. C&L resigned prior to the
resolution of the initial difference of opinion. The Registrant
believes, and PW concurs, that the Company's application of its
policy is reasonable and appropriate in the circumstances. As
reported in the Prior Form 8-K, in connection with its audits for
the two most recent fiscal years and through May 9, 1997, there were
no disagreements with PW 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 PW would have caused them to make a reference thereto in their
report on the financial statements for such years.
(v) Not applicable.
(vi) The Registrant has requested that C&L furnish it with a letter
addressed to the SEC stating whether or not they agree with the
above statements. A copy of such letter will be filed as an Exhibit
to this Form 8-K when received.
(b) New independent accountants
The Registrant re-engaged PW as its independent accountants as of
June 19, 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
