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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Date of Report: November 10, 1998
BLIMPIE INTERNATIONAL, INC.
(Exact name of issuer as specified in its charter)
New Jersey 0-21036 13-2908793
(State or Other Jurisdiction of (Commission File (IRS Employer
Incorporation or Organization Number) Identification No.)
740 Broadway, New York, NY 10003
(Address and Zip Code of Principal Executive Offices)
(212) 673-5900
(Registrant's Telephone Number)
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANTS
At a meeting of the Audit Committee of the Board of Directors of Blimpie
International, Inc. (the "Company") held on October 30, 1998, said committee
approved the engagement of Ernst & Young LLP as the Company's independent
auditors for the fiscal year ending June 30, 1999 to replace the firm of
PricewaterhouseCoopers LLP, who were dismissed as auditors of the Company
effective November 3, 1998.
The reports issued by PricewaterhouseCoopers LLP with respect to its audits
of the Company's financial statements for the fiscal years ended June 30,
1997 and 1998 did not contain an adverse opinion or a disclaimer of opinion
and were not qualified or modified as to uncertainty, audit scope, or
accounting principles.
During the Company's fiscal years ended June 30, 1997 and 1998, and the
interim period which commenced on July 1, 1998 and ended on the date of
dismissal of PricewaterhouseCoopers LLP, there were no disagreements with
PricewaterhouseCoopers LLP on any matters of accounting principles or
practices, financial statement disclosure, or auditing scope and procedures
which, if not resolved to the satisfaction of PricewaterhouseCoopers LLP
would have caused PricewaterhouseCoopers LLP to make reference thereto in any
report issued or to be issued by it in connection with its audit of the
Company's financial statements.
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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
The following financial statements, pro forma financial information and
exhibits have been filed as part of this Report:
(a) Financial Statements -- none
(b) Pro forma financial information -- none
(c) Exhibits
Number Description
- ------ -----------
16 Letter dated November 10 from PricewaterhouseCoopers LLP
addressed to the Commission
Signature
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.
Blimpie International, Inc.
Dated: November 10, 1998 By: /s/ Brian Lane
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Brian Lane, Vice President and
Chief Financial (Principal
Accounting) Officer
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[Letterhead of PricewaterhouseCoopers LLP]
November 10, 1998
Securities and Exchange Commission
450 5th Street, N.W.
Washington, D.C. 20549
Commissioners:
We have read the statements made by Blimpie International, Inc. (copy
attached), which we understand will be 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
November 1998. We agree with the statements concerning our Firm in such Form
8-K.
Very truly yours,
/s/ PricewaterhouseCoopers LLP
PricewaterhouseCoopers LLP
