SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K/A
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934.
Date of Report (Date of earliest event reported) September 30,
1997
Super Vision International, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 0-23590 59-3046866
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(State of other (Commission (IRS Employer
jurisdiction) File Number) Identification No.)
8210 Presidents Drive, Orlando, Florida 32809
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(Address of principal executive offices)(Zip Code)
Registrant's telephone number, including area code (407) 857-
9900
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
This Amendment (the "Amendment") supplements the Reports on
Form 8-K filed with the Securities and Exchange Commission
("SEC") on October 6, 1997, and October 9, 1997 (the "Reports")
by Super Vision International, Inc. (the "Registrant") regarding
the Changes in Registrant's Certifying Accountant.
(a) The Securities and Exchange Commission requested that the
Registrant further clarify whether a disagreement with the
Registrant's former certifying accountants ("C&L") had occurred.
The letter from C&L dated October 7, 1997 stated that C&L had a
disagreement with the Registrant's management as to the proposed
accounting treatment for a lease (the "Lease") with a company
owned by the Registrant's president for the Registrant's new
headquarters and production facility in Orlando, Florida.
The issue identified by C&L was whether the Lease should be
accounted for as a capital lease or an operating lease. C&L took
the position that the Lease should be accounted for as a capital
lease. The Registrant, believing it had bona fide arguments that
the Lease should be accounted for as an operating lease, asked
C&L's local office to appeal their determination first to a
regional, and later based on new information, to a national
level. The question during both of these appeals was the
appropriate interpretation of "fair market value" with respect to
the Lease. C&L ultimately determined that the Lease should be
accounted for as a capital lease. The Registrant accepted this
final determination and informed C&L, through the Registrant's
Chief Financial Officer, that the Lease would be accounted for in
accordance with C&L's finding. The Registrant believes that the
accounting for the Lease has been finalized by communicating its
acceptance of C&L's finding and the Registrant's agreement to
account for the Lease as recommended by C&L.
The Registrant's Board of Directors did not discuss the
disagreement with C&L.
It is the position of the Registrant that the October 7,
1997 letter from C&L was issued primarily as a result of C&L's
termination by the Registrant. The Registrant's decision to
terminate C&L was based on non-performance issues and had nothing
to do with the disagreement.
C&L did not advise the Registrant to address any of the
matters set forth in Regulation S-B at Item 304 (a)(1)(iv)(B)(1),
(2) or (3).
The Registrant has authorized C&L to respond fully to
inquiries of the successor accountant concerning the subject
matter of the aforementioned dispute.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
16. Letter on Change of former Certifying Accountant
regarding 8-K amendment (to be filed upon receipt by amendment).
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 authorized.
SUPER VISION INTERNATIONAL, INC.
Date: October 17, 1997 By: /s/ John Stanney
John Stanney
Chief Operating Officer
& CFO
