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): January 14, 1997
FIBERCORE, INC.
174 Charlton Road, Sturbridge, Massachusetts 01566
508-347-7744
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Incorporated under the laws of Commission File N I.R.S. Employer Identification Number
State of Nevada 0-21823 87-0445729
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Item 4. Changes in Registrant's Certifying Accountant.
The Board of Directors of FiberCore, Inc. (the "Company") approved the
replacement of Mottle McGrath Braney & Flynn, P.C. (the "Former Accountants") as
the Company's independent outside accountants and the selection of Deloitte &
Touche LLP as the Company's new independent outside accountants.
The report of the Former Accountants on the financial statements of the
Company for the fiscal year ended December 31, 1995 contained no adverse opinion
or disclaimer of opinion and was not qualified or modified as to uncertainty,
audit scope or accounting principles.
The report of the Former Accountants on the financial statements of the
Company for the fiscal year ended December 31, 1994 contained no adverse opinion
or disclaimer of opinion and was not qualified or modified as to audit scope or
accounting principles. The report was qualified as to the Company's ability to
continue as a going concern.
During the Company's fiscal years ended December 31, 1995 and 1994 and
through the date of this report, there were no disagreements with the Former
Accountants 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 the Former Accountants, would have caused
them to make reference thereto in their report on the financial statements for
such years.
During the fiscal years ended December 31, 1995 and 1994 and through
the date of this report, the Former Accountants did not advise the Company with
respect to the matters described in paragraphs (a)(1)(v)(A) through (D) of Item
304 of Regulation S-K.
The Company engaged Deloitte & Touche LLP as its new independent
accountants effective January 16, 1997. During the two fiscal years preceding
its appointment and through the date hereof, the Company had not consulted with
Deloitte & Touche LLP on items regarding:
(i) The application of accounting principles to a specific completed
or contemplated transaction, or the type of audit opinion that might be rendered
on the Company's financial statements; there was no written or oral advice
provided that was an important factor in reaching a decision as to any
accounting, auditing or financial reporting issue; or
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(ii) Any matter that was the subject of a disagreement or a reportable
event required to be identified pursuant to paragraph (a)(1)(v) of Item 304 of
Regulation S-K.
The Company has provided the Former Accountants with a copy of the
foregoing disclosures and has requested in writing that the Former Accountants
furnish it with a letter addressed to the Securities and Exchange Commission
(the "SEC") stating whether or not it agrees with such disclosures. A copy of
such letter is filed as an exhibit to this report in accordance with Item 601 of
Regulation S-K.
Item 7. Financial Statements and Exhibits
(a) Not applicable.
(b) Not applicable.
(c) The letter of the Former Accountants is filed as an exhibit to this
report in accordance with the provisions of Item 601 of Regulation S-K.
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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.
FIBERCORE, INC.
By: /s/ Michael J. Beecher
Michael J. Beecher
Chief Financial Officer
Date: January 17, 1997
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EXHIBIT INDEX
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Exhibit
Number Description
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16 Letter from the Former
Accountants to the SEC
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Exhibit 16
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[Letterhead]
January 17, 1997
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: FiberCore, Inc.
File Ref. No. 0-21823
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We were previously the principal accountant for FiberCore, Inc. and,
under the date of July 29, 1996, except for the eighth paragraph of Note 15, as
to which the date is December 18, 1996, we reported on the consolidated
financial statements of FiberCore, Inc. and subsidiaries as of and for the years
ended December 31, 1995 and 1994. On January 14, our appointment as principal
accountant was terminated. We have read FiberCore, Inc.'s statements included
under Item 4 of its Form 8-K dated January 14, 1997 and we agree with such
statements.
Very truly yours,
/s/ Mottle McGrath Braney & Flynn, P.C.
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