SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of
the Securities and Exchange Act of 1934
Date of Report (Date of earliest event reported) August 14, 1997
JAKE'S PIZZA INTERNATIONAL, INC.
(Exact name of small business issuer as
specified in its charter)
Delaware 0-21996 36-3882273
(State or other jurisdiction (Commission File (I.R.S. Employer
of incorporation) Number) Identification
No.)
5999 New Wilke Road, Suite 205, Rolling Meadows, IL 60008
(Address of principal executive offices) (Zip Code)
Registrants phone number, including area code (847) 952-3278
(Former name, former address and former fiscal year, if changed
since last report)
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Item 4. Changes in and Disagreements with Accountants on
Accounting and Financial Disclosure
The Company's accountants, Arthur Andersen LLP, resigned
their position as the Company's auditors effective August 14,
1997. Arthur Andersen LLP, issued a qualified opinion on the
Company's financial statements for the year ending September 30,
1996. The opinion was qualified based on the Company's ability
to continue as a going concern. The Company has suffered
recurring losses from operations and has a net capital deficiency
that raises substantial doubt about its ability to continue as a
going concern.
The Company or its board of directors did not recommend a
change in accountants. The Company did not have any
disagreements with Arthur Andersen LLP during the prior two
fiscal years or any interim period since the fiscal year ending
September 30, 1996.
The Company does not have any replacement for Arthur
Andersen LLP as of this filing.
<PAGE>
Item 7. Financial Statements and Exhibits
(c) Exhibits
1. Arthur Andersen LLP's letter of agreement
ARTHUR
ANDERSEN
Arthur Andersen LLP
33 West Monroe Street
Chicago IL 60603-5385
August 20, 1997
Office of the Chief Accountant
SECPS Letter File
Securities and Exchange Commission
Mail Stop 9-5
450 Fifth Street, N.W.
Washington, D.C. 20549
Gentlemen:
We have read Item 4 included in the attached Form 8-K dated
August 20, 1997 of Jake's Pizza International to be filed with
the Securities and Exchange Commission and are in agreement with
the statements contained therein.
Very truly yours,
ARTHUR ANDERSEN LLP
JRP
<PAGE>
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.
(Registrant) JAKE'S PIZZA INTERNATIONAL, INC.
Date: August 20, 1997 By: /s/ John S. Flowers
John S. Flowers,
President and Chairman
of the Board