<PAGE> 1
UNITED STATES
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
SEPTEMBER 30, 1997
---------------------------------
(DATE OF EARLIEST EVENT REPORTED)
SAFESKIN CORPORATION
------------------------------------------------------
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
FLORIDA 0-22726 59-2617525
- ------------------------------------------------------------------------------
(STATE OR OTHER JURISDICTION OF (COMMISSION (IRS EMPLOYER
INCORPORATION OR ORGANIZATION) FILE NUMBER) IDENTIFICATION NO.)
12671 HIGH BLUFF DRIVE, SAN DIEGO, CALIFORNIA 92130
--------------------------------------------------------------
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
(619) 794-8111
----------------------------------------------------
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
NOT APPLICABLE
----------------------------------------------------
(FORMER NAME, FORMER ADDRESS AND FORMER FISCAL YEAR,
IF CHANGED SINCE LAST REPORT)
<PAGE> 2
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
(a) On September 30, 1997, the Registrant dismissed Coopers & Lybrand
LLP ("Coopers & Lybrand") as the Registrant's independent public accountants and
auditors, a capacity in which that firm had served for several years. The
decision to change the Registrant's accountants and auditors was approved by the
Registrant's Audit Committee and Board of Directors at meetings on September 4,
1997.
During the two fiscal years ended December 31, 1997 and the subsequent
period through September 30, 1997, the date on which Coopers & Lybrand was
dismissed as the Registrant's independent public accountants and auditors, there
were no disagreements between the Registrant and Coopers & Lybrand on any matter
relating to accounting principles or practices, financial statement disclosure,
or auditing scope or procedures which disagreements, if not resolved to Coopers
& Lybrand's satisfaction, would have caused them to make reference in connection
with their reports to the subject matter of the disagreement. In addition,
Coopers & Lybrand's reports on the Registrant's financial statements for the
most recent two fiscal years contained no adverse opinions or disclaimers of
opinion nor were such reports qualified or modified as to uncertainty, audit
scope or accounting principles.
The Registrant has provided Coopers & Lybrand with a copy of the
disclosures contained in this Form 8-K, and has requested that Coopers & Lybrand
furnish the Registrant with a letter addressed to the Securities and Exchange
Commission stating whether it agrees with the statements made by the Registrant
herein.
(b) On October 6, 1997, the Registrant appointed Deloitte & Touche LLP
as the Registrant's independent public accountants and auditors, effective
immediately.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) EXHIBITS:
16.1 Letter from Coopers & Lybrand LLP to the Securities
and Exchange Commission concerning its dismissal as
the Registrant's principal accountant.
- 2 -
<PAGE> 3
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.
SAFESKIN CORPORATION
By: /s/ David L. Morash
------------------------
David L. Morash
Executive Vice-President,
Chief Financial Officer
Dated: October 7, 1997
- 3 -
<PAGE> 1
EXHIBIT 16.1
October 7, 1997
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Gentlemen:
We have read Item 4 of Form 8-K dated October 7, 1997, of Safeskin Corporation
and are in agreement with the statements contained in the second and third
paragraphs on page 2 therein. We have no basis to agree or disagree with other
statements of the registrant contained therein.
COOPERS & LYBRAND LLP
