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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): March 9, 1999
0-21864
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(Commission File Number)
TELEGEN CORPORATION
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(Exact name of registrant as specified in its charter)
CALIFORNIA 84-067214
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(State or other jurisdiction of (IRS Employer Identification No.)
incorporation or organization)
1840 GATEWAY DRIVE, SUITE 200,
SAN MATEO, CALIFORNIA 94404
(Address of principal executive offices)
(650) 261-9400
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(Registrant's telephone number, including area code)
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ITEM 4. Changes in Registrant's Certifying Accountant
On March 9, 1999, PricewaterhouseCoopers, LLP ("PwC"), formerly Coopers &
Lybrand, LLP, resigned as the Company's independent accountant. PwC audited the
financial statements of the Company through the fiscal year ended December 31,
1997.
The reports on the financial statements of the Company for the years ended
December 31, 1997 and 1996 did not contain an adverse opinion, disclaimer of
opinion or qualification as to uncertainty, audit scope or accounting
principles, except for the report on the financial statements for the year
ended December 31, 1997. The report on the financial statements for the
fiscal year ended December 31, 1997 detailed negative cash flows from
operations and a deficit shareholders' equity, all of which raised
substantial doubt about the Company's ability to continue as a going concern.
During 1997 and through March 9, 1999 preceding such resignation, there were
no disagreements between the Company and PwC regarding any matters of
accounting principles or practice, financial statement, disclosure or
auditing scope or procedure, which disagreements if not resolved to the
satisfaction of PricewaterhouseCoopers, LLP would have caused them to make
reference thereto in their report on the financial statements for such years.
PwC was not engaged to review any interim period after the first quarter of
1998.
On May 23, 2000, the Company engaged Singer Lewak Greenbaum & Goldstein LLP
("SLGG") as its independent accountant. Prior to such engagement, the Company
did not consult SLGG regarding the application of accounting principles to a
specific transaction, the type of opinion that might be rendered on the
Company's financial statements or any other matter required to be disclosed
herein.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit No. Description
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16.1 Letter from PricewaterhouseCoopers, LLP
to the Securities and Exchange Commission,
dated December 6, 2000.
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.
TELEGEN CORPORATION
Dated: December 6, 2000 By: /s/ JESSICA L. STEVENS
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Jessica L. Stevens
Chief Executive Officer
