EASTBROKERS INTERNATIONAL INC
8-K, 1999-02-22
INVESTORS, NEC
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                     U.S. 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): FEBRUARY 17, 1999

                      -----------------------------------

                            EASTBROKERS INTERNATIONAL
                                  INCORPORATED
             (Exact Name Of Registrant As Specified In Its Charter)

                      -----------------------------------


            DELAWARE                       0-26202               52-1807562
(State Or Other Jurisdiction Of    (Commission File Number)    (IRS Employer
 Incorporation Or Organization)                              Identification No.)


          15245     SHADY  GROVE  ROAD,  SUITE 340,  ROCKVILLE,  MARYLAND  20850
                    (Address of Principal Executive Offices)

                                 (301) 527-1110
              (Registrant's telephone number, including area code)


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ITEM 4.  CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT



                                                    
     Information required by Item 304

     (a)(1)

        (i)    Deloitte  & Touche  LLP has  informed  Eastbrokers  International
               Incorporated (the "Company") that they are declining to stand for
               re-election  as the  Company's  Certifying  Accountants  for  the
               fiscal   year  ending   March  31,   1999.   The   client-auditor
               relationship  between the  Company and  Deloitte & Touche LLP has
               ceased effective February 17, 1999.

        (ii)   The report of  Deloitte & Touche LLP on the  Company's  financial
               statements  for the fiscal year ended March 31, 1998 contained no
               adverse  opinion or disclaimer of opinion and was not modified as
               to uncertainty , audit scope or accounting principles.

        (iii)  The  decision by Deloitte & Touche  LLP's to decline to stand for
               re-election was accepted by the Board of Directors.

        (iv)   The Company has had no  disagreements  with Deloitte & Touche LLP
               regarding  any  matters  of  accounting  principle  or  practice,
               financial statement  disclosure,  or auditing scope or procedure,
               which  disagreements,  if not  resolved  to the  satisfaction  of
               Deloitte & Touche LLP would have  caused  them to make  reference
               thereto  in  their  report  on the  financial  statements  of the
               Company.

        (v)    With  regard  to  the  above-mentioned  items,  the  Company  has
               requested  a  letter  from  Deloitte  &  Touche  LLP to the  U.S.
               Securities and Exchange  Commission in accordance  with Item 304.
               As of the filing  date of this  report,  the  Company has not yet
               received such letter.

     (b) The Company has not yet engaged a new Certifying Accountant.






ITEM 7 -- FINANCIAL STATEMENTS AND EXHIBITS

     C.   EXHIBITS REQUIRED BY ITEM 601 OF REGULATION S-B

      EXHIBIT NO.        DESCRIPTION
      -----------        -------------------

                         None












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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 thereunto duly authorized.


EASTBROKERS INTERNATIONAL INCORPORATED
             (Registrant)



By                        /s/ Kevin D. McNeil
            ----------------------------------------------
                            Kevin D. McNeil
           Executive Vice President, Treasurer, Secretary,
                      and Chief Financial Officer

Dated:  February 22, 1999
























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