UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________
FORM 8-K/A
AMENDMENT NO. 1 TO
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
_______________________
Date of Report
(Date of earliest
event reported): July 10, 1997
Badger Paper Mills, Inc.
(Exact name of registrant as specified in its charter)
Wisconsin 0-795 39-0143840
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
200 West Front Street, Peshtigo, Wisconsin 54157
(Address of principal executive offices, including zip code)
(715) 582-4551
(Registrant's telephone number)
<PAGE>
Item 4. Changes in Registrant's Certifying Accountant
On July 10, 1997, Badger Paper Mills, Inc. (the "Company") changed
its certifying accountants. The Company's Board of Directors approved the
dismissal of the accounting firm Coopers and Lybrand LLP ("C&L") and
concurrently resolved to engage Grant Thornton ("GT") in their place.
Thus, GT will serve as the Company's principal accountants and will audit
the Company's financial statements for the fiscal year ending December 31,
1997.
The reports made by C&L on the Company's financial statements for
1995 and 1996 contained no adverse opinion or disclaimer of opinion, nor
were such reports qualified or modified as to uncertainty, audit scope, or
accounting principles.
Furthermore, during fiscal years 1995 and 1996 -- and for the
interim period ended July 10, 1997 -- the Company had no disagreement with
C&L on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure, which, if not
resolved to the satisfaction of C&L, would have caused them to make
reference to the matter in their report. No other reportable events
occured within the Company's two most recent fiscal years.
The Company duly provided C&L with a copy of this disclosure, and,
in turn, C&L furnished the Company with a letter, addressed to the
Commission, stating that C&L agrees with the statements made by the
Company herein.
Item 7. Financial Statements and Exhibits.
(a) Financial Statements of Business Acquired.
Inapplicable to this report.
(b) Exhibits.
The exhibit listed in the accompanying Exhibit Index is filed as
part of this Current Report on Form 8-K.
<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 thereunto duly authorized.
BADGER PAPER MILLS, INC.
Date: July 18, 1997 By: /s/ Miles L. Kresl, Jr.
Miles L. Kresl, Jr.
Vice President/Administration,
Treasurer & Corporate Secretary
<PAGE>
BADGER PAPER MILLS, INC.
EXHIBIT INDEX TO FORM 8-K
Dated July 10, 1997
Exibit
No. Description
(16) Letter from Coopers & Lybrand LLP, addressed to the
Commission, regarding change in certifying accountant and
indicating concurrence with the statements made by registrant
in the current report, supra.
EXHIBIT 16
July 17, 1997
Securities and Exchange Commission
450 5th Street, N.W.
Washington, D.C. 20549
Gentlemen:
We have read the statements made by Badger Paper Mills, Inc. (copy
attached), 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 for the
month of July 1997. We agree with the statements concerning our Firm in
such Form 8-K.
Very truly yours,
/s/ Coopers & Lybrand L.L.P.
Coopers & Lybrand L.L.P.
