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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
Date of Report (Date of earliest event reported) August 6, 1996
MERIT STUDIOS, INC.
(Exact name of Registrant as specified in charter)
DELAWARE 1 - 12516
(State of incorporation) (Commission File Number)
75-2231432
(IRS Employer Identification Number)
13707 Gamma Road
Dallas, Texas 75244
(Address of principal executive office)
Registrant's telephone number, including area code: (214) 385 2353
Item 1. Changes in Control of Registrant.
Not applicable.
Item 2. Acquisition or Disposition of Assets.
Not applicable.
Item 3. Bankruptcy or Receivership.
Not applicable.
Item 4. Changes in Registrant's Certifying Accountant.
Effective August 6, 1996, the accounting firm of Arthur Andersen LLP submitted
its resignation as the Registrant's independent accountants.
The report of Arthur Andersen LLP on the financial statements for the fiscal
year ended December 31, 1993 contained no adverse opinion or disclaimer of
opinion and was not qualified or modified as to uncertainty, audit scope or
accounting principle. The report of Arthur Andersen LLP on the financial
statements for the fiscal year ended December 31, 1994 was qualified only in
regard to their doubt as to the Registrant's ability to continue as a going
concern. Arthur Andersen LLP performed no audit for the fiscal year ended
December 31, 1995.
During Registrant's fiscal years ended December 31, 1993 and 1994, there have
been no disagreements with Arthur Andersen LLP on any matter of accounting
principles or practices, financial statement disclosure, or auditing scope or
procedure, which if not resolved to the satisfaction of Arthur Andersen LLP,
would have caused such firm to make reference to the subject matter of the
disagreement in connection with its report.
During the two most recent fiscal years and through August 12, 1996, there have
been no reportable events (as defined in Regulation S-K Item 304 (a) (1) (v)).
The Registrant has requested that Arthur Andersen LLP furnish it with a letter
addressed to the SEC stating whether or not it agrees with the above statements.
A copy of such letter, dated August 12, 1996, is filed as Exhibit 16 to this
Form 8-K.
Item 5. Other Events.
Not applicable.
Item 6. Resignations of Registrant's Directors.
Not applicable.
Item 7. Financial Statements and Exhibits.
Not applicable.
Item 8. Change in Fiscal Year.
Not applicable.
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.
MERIT STUDIOS, INC.
/S/ W. D. HOLLON
By:
W. D. Hollon
Vice President, Finance and
Chief Financial Officer
August 12, 1996
EXHIBIT 16
August 12, 1996
Chief Accountant
Securities and Exchange Commission
Office of the Chief Accountant
SECPS Letter File
Securities and Exchange Commission
Mail Stop 9-5
450 Fifth Street, N.W.
Washington, D.C. 20549
Dear Sir:
We have read Item 4 included in the attached Form 8-K dated August 6, 1996, of
Merit Studios, Inc. to be filed with the Securities and Exchange Commission and
are in agreement with the statements contained therein.
Very truly yours,
/S/ ARTHUR ANDERSEN LLP
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