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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Item 4
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 4, 1997
EASTBROKERS INTERNATIONAL INCORPORATED
(Exact name of registrant as specified in its charter)
DELAWARE 0-26202 52-1807562
(State of incorporation (Commission File Number) (IRS Employer
or organization) Identification No.)
15245 SHADY GROVE ROAD, SUITE 340, ROCKVILLE, MARYLAND 20850
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (301) 527-1110
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INFORMATION TO BE INCLUDED IN THE REPORT
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
(a)(i) Eastbrokers International Incorporated (the "Company") has
chosen not to extend the engagement of Pannell Kerr Forster
PC as the Company's independent public accountants. The
client-auditor relationship between the Company and Pannell
Kerr Forster PC has ceased effective November 4, 1997.
(ii) The reports of Pannell Kerr Forster PC on the Company's
financial statements for the fiscal year ended March 31,
1997, the transition period ended March 31, 1996 and the
fiscal year ended December 31, 1995 contained no adverse
opinion or disclaimer of opinion and were not modified as to
uncertainty, audit scope or accounting principles.
(iii) The decision to change independent auditors was approved by
the Board of Directors.
(iv) The Company has had no disagreements with Pannell Kerr
Forster PC 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 Pannell Kerr Forster PC, would have caused
them to make reference thereto in their report on the
financial statements of the Company.
(v) The Company has requested that Pannell Kerr Forster PC
furnish it with a letter addressed to the Securities and
Exchange Commission stating whether it agrees with the above
statements. A copy of that letter dated November 5, 1997 is
filed as Exhibit 16 to this Form 8-K.
(b) The Company has not yet engaged a new independent auditor.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits required by Item 601 of Regulation S-B.
Exhibit No. Exhibit
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16 Letter from Pannell Kerr Forster PC to the
Securities and Exchange Commission dated
November 5, 1997.
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SIGNATURE
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.
EASTBROKERS INTERNATIONAL INCORPORATED
By: /s/ Martin A. Sumichrast
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Martin A. Sumichrast
Vice Chairman of the Board
and Secretary
Date: November 6, 1997
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EXHIBIT INDEX
Exhibit No. Exhibit
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16 Letter from Pannell Kerr Forster PC to the Securities and
Exchange Commission dated November 5, 1997.
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EXHIBIT 16
PANNELL KERR FORSTER PC
Certified Public Accountants
5845 Richmond Highway
Suite 630
Alexandria, VA 22303
November 5, 1997
Securities and Exchange Commission
450 Fifth Street, NW
Washington, DC 20549
To Whom It May Concern:
We have read the statements made by Eastbrokers International, Inc., 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, and we agree with the statements made
therein.
Very truly yours,
/s/ Michael F. Moore
Michael F. Moore
Director
MFM:clc
Enclosure
cc: Eastbrokers International, Inc.
