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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: March 23, 1998
Torch Energy Royalty Trust
(Exact name of registrant as specified in its charter)
Delaware 1-12474 74-6411424
(State or other jurisdiction of (Commission (IRS Employer
incorporation ororganization) File Number) Identification No.)
1100 North Market Street, Wilmington, Delaware 19890-0001
(Address of principal executive offices)
Registrant's telephone number, including area code: 302-651-8775
(Former name or former address, if changed since last report.)
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Item 4. Changes in Registrant's Certifying Accountants
(a) In anticipation of its approaching year-end, the Registrant terminated
the engagement of Deloitte & Touche LLP ("D&T") as the Registrant's principal
independent accountants responsible for auditing all of the Registrant's
financial statements during February 1998.
The Registrant does not have a board of directors or a person performing a
similar function. The Trustee of the Registrant approved the change of the
Registrant's accountants.
D&T's reports on the Registrant's financial statements for each of the past
two fiscal years neither contained an adverse opinion or a disclaimer of opinion
nor were such reports qualified or modified as to uncertainty, audit scope or
accounting principles.
The Registrant believes that during its two most recent fiscal years and
the subsequent interim periods, there was, with regard to D&T, neither any
disagreement of the type described in Item 304 (a) (1) (iv) of Regulation S-K
nor any reportable event of the type described in Item 304 (a) (1) (v) of
Regulation S-K.
A copy of the letter from D&T, agreeing with the statements made herein,
is attached as Exhibit 16.1.
(b) On or about January 19, 1998 the Registrant engaged the services of
KPMG Peat Marwick LLP as its new principal independent accountants and auditors
to audit all of the Registrant's financial statements.
Item 7. Financial Statements and Exhibits
(c) Exhibits
16.1 Letter addressed to Securities and Exchange Commission from
Deloitte & Touche LLP
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.
Date: March 23, 1998 TORCH ENERGY ROYALTY TRUST
By: Wilmington Trust Company
as Trustee
By: /s/ BRUCE L. BISSON
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Vice President
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EXHIBIT 16.1
[LOGO OF
DELOITTE & TOUCHE LLP
APPEARS HERE]
Suite 2300 Telephone: (713) 756-2000
333 Clay Street Facsimile: (713) 756-2001
Houston, Texas 77002-4196
March 23, 1998
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 Form 8-K of Torch Energy
Royalty Trust dated March 23, 1998.
Yours truly,
/s/ DELOITTE & TOUCHE LLP
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Deloitte & Touche LLP
