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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K/A No. 1
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Amending Item Number 7
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
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EASTBROKERS INTERNATIONAL
INCORPORATED
(Exact Name Of Registrant As Specified In Its Charter)
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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)
* This amendment to Form 8-K dated February 17, 1999 is being filed to
include the letter from Deloitte & Touche LLP dated March 4, 1999 related
to the comments in Item 4 of this Form 8-K.
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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) Deloitte & Touche LLP has issued a letter to the U.S. Securities
and Exchange Commission stating its agreement with the above
statements. A copy of this letter dated March 4, 1999 is filed as
an exhibit to this Form 8-K/A.
(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
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(16) Letter from Deloitte & Touche LLP to the U.S. Securities
and Exchange Commission dated March 4, 1999.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this amendment to this report to be signed on its
behalf by the undersigned thereunto duly authorized.
EASTBROKERS INTERNATIONAL INCORPORATED
(Registrant)
By /s/ Kevin D. McNeil
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Kevin D. McNeil
Executive Vice President, Treasurer, Secretary,
and Chief Financial Officer
Dated: March 8, 1999
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
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(16) Letter from Deloitte & Touche LLP to the U.S. Securities
and Exchange Commission dated March 4, 1999.
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EXHIBIT 16
DELOITTE &
TOUCHE
DELOITTE & TOUCHE LLP Telephone: (410) 576-6700
Suite 1100 Facsimile: (410)837-0510
2 Hopkins Plaza ITT Telex: 4995614
Baltimore, Maryland 21201-2983
March 4,1999
Securities and Exchange Commission
Mail Stop 9-5
450 5th Street, N.W.
Washington, D.C. 20549
Dear Sirs/Madams:
We have read and agree with the comments in Item 4 of the Form 8-K of
Eastbrokers International Inc. dated February 22, 1999. It should be noted,
however, that in connection with the audit for the year ended March 31, 1998,
we orally communicated to members of Eastbrokers International Inc.'s Board
of Directors and senior management our concerns about the Company's ability
to prepare accurate and timely financial statements.
Yours truly,
/s/ Deloitte & Touche LLP
Deloitte & Touche LLP
Baltimore, Maryland
DELOITTE TOUCHE
TOHMATSU
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