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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K/A
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): March 27, 1997
MOLTEN METAL TECHNOLOGY, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-21042 52-1659959
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
400-2 Totten Pond Road, Waltham, Massachusetts 02154
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (617) 487-9700
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Item 4. Changes in Registrant's Certifying Accountants
On March 27, 1997, M4 Environmental L.P. ("M4"), a joint venture
between Molten Metal Technology, Inc. (the "Company") and Lockheed Martin
Corporation, engaged Price Waterhouse LLP to audit M4's financial statements
for the fiscal year ended December 31, 1996. Price Waterhouse has acted as the
Company's independent accountants since the fiscal year ended December 31,
1992.
Price Waterhouse was engaged by M4 after Coopers & Lybrand L.L.P., the
previous accountants for M4, resigned as M4's accountants on March 6, 1997.
Coopers & Lybrand advised M4 that it had resigned as M4's accountants mainly
because Price Waterhouse proposed to refer to Coopers & Lybrand's report on M4's
financial statements in Price Waterhouse's audit of the Company's financial
statements, and Coopers & Lybrand did not want to consent to such association.
In its capacity as the Company's independent accountants, Price Waterhouse has
not expressed reliance on any audit report of Coopers & Lybrand relating to M4.
Coopers & Lybrand's audit reports for M4 for the period from inception (August
1994) through the date of resignation did not contain any adverse opinions or
disclaimer of opinions or qualifications or modifications as to uncertainty,
audit scope or accounting principles, and there were no disagreements or
reportable events (within the meaning of Item 304 of Regulation S-K) between M4
and Coopers & Lybrand during such period. Prior to the engagement of Price
Waterhouse, M4 had not consulted with Price Waterhouse regarding the
application of accounting principles to a specified transaction or the type of
audit opinion that might be rendered on M4's financial statements. The Company
has consulted with Price Waterhouse, in Price Waterhouse's capacity as the
Company's independent accountants, on various occasions with respect to
transactions between the Company and M4.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
The following exhibit is filed as part of this Report:
16 Letter re: Change in Certifying Accountant
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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 on its behalf by the
undersigned hereunto duly authorized.
MOLTEN METAL TECHNOLOGY, INC.
April 17, 1997 By: /s/ Benjamin T. Downs
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Benjamin T. Downs
Executive Vice President of Finance and
Administration
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Exhibit 16
April 17, 1997
Securities and Exchange Commission
450 5th Street, N.W.
Washington, D.C. 20549
Gentlemen:
We have read the statements made by Molten Metal Technology, Inc. (the Company)
(copy attached), which we understand were 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
March 1997, as amended by the Form 8-K/A to be filed with the Commission. We
agree with the description of events reported in such Form 8-K, as amended by
the Form 8-K/A.
Very truly yours,
/s/ Coopers & Lybrand, L.L.P.
Coopers & Lybrand, L.L.P.
Attachment
