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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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 3, 1998
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BOYDS WHEELS, INC.
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
CALIFORNIA 0-26738 93-1000272
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(STATE OR OTHER JURISDICTION (COMMISSION (IRS EMPLOYER
OF INCORPORATION) FILE NUMBER) IDENTIFICATION NUMBER)
8380 CERRITOS AVENUE, STANTON, CALIFORNIA 90680
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (714) 952-4038
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(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
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Page 1 of 5
Exhibit Index on Page 4
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
(a) Previous Independent Accountants
(i) On March 3, 1998, Coopers & Lybrand L.L.P. resigned as the
independent accountants for Boyds Wheels, Inc. (the "Company").
(ii) Neither of the reports of Coopers & Lybrand L.L.P. on the Company's
financial statements for the two most recent fiscal years contained an adverse
opinion or a disclaimer of opinion, nor was either such report qualified or
modified as to uncertainty, audit scope or accounting principles.
(iii) During the Company's two most recent fiscal years and through
March 3, 1998, there were no disagreements with Coopers & Lybrand L.L.P. on any
matter of accounting principles or practices, financial statement disclosure, or
auditing scope or procedure, which disagreements, if not resolved to the
satisfaction of Coopers & Lybrand L.L.P., would have caused them to make a
reference thereto in their report on the financial statements for such years.
(iv) During the Company's two most recent fiscal years and through March
3, 1998, there have been no reportable events (as defined in Regulation S-B Item
304(a)(1)(iv)(B)).
(v) The Company has requested that Coopers & Lybrand L.L.P. furnish it
with a letter addressed to the Securities and Exchange Commission stating
whether or not Coopers & Lybrand L.L.P. agrees with the above statements. A copy
of such letter, dated March __, 1998, is filed as Exhibit 16 to this Form 8-K.
(b) The Company engaged Squar, Milner & Reehl, Inc. as its new independent
accountants as of March 3, 1998.
(c) During the Company's two most recent fiscal years and through March 3,
1998, neither the Company, nor anyone on its behalf, consulted with Squar,
Milner & Reehl, Inc. regarding either the application of accounting principles
to a specified transaction, either completed or proposed; or the type of audit
opinion that might be rendered on the Company's financial statements; or any
matter that was either a subject of disagreement (as defined in Item
304(a)(1)(iv)(A) of Regulation S-B and the related instructions to that Item) or
a reportable event (as described in Item 304(a)(1)(iv)(B) of Regulation S-B).
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial statements of businesses acquired.
None
(b) Pro forma financial information.
None
(c) Exhibits
16 Letter regarding change in certifying accountant.
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SIGNATURES
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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.
BOYDS WHEELS, INC.
Date: March 10, 1998 By: /s/David M. Asher
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David M. Asher
President
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EXHIBIT INDEX
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<TABLE>
<CAPTION>
Exhibit Sequential
Number Page Number
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<C> <S> <C>
16 Letter regarding change in certifying accountant. 4
</TABLE>
4
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[COOPERS & LYBRAND LETTERHEAD]
March 9, 1998
Securities and Exchange Commission
450 5th Street, N.W.
Washington, D.C. 20549
Commissioners:
We have read the statements made by Boyds Wheels, 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 March 1998. We agree with
the statements concerning our Firm in such Form 8-K.
Very truly yours,
/s/ COOPERS & LYBRAND L.L.P.
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Coopers & Lybrand L.L.P.
