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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
Date of Report (Date of earliest event reported): JUNE 3, 1996
HI-SHEAR TECHNOLOGY CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 001-12810 22-2535743
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(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
24225 Garnier Street, Torrance, CA 90505-5323
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (310) 784-2100
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ITEM 4 CHANGE IN REGISTRANTS'S CERTIFYING ACCOUNT
On June 3, 1996, the Company's Board of Directors approved the engagement
of McGladrey & Pullen, LLP to conduct an audit of the Company's financial
statements for the period ended May 31, 1996. The Company's engagement of
McGladrey & Pullen, LLP as the Company's independent auditors immediately
follows the replacement of Deloitte & Touche LLP, who had been engaged to audit
the Company's financial statements for the fiscal years ended May 31, 1993
through May 31, 1995. A change in accountants had been recommended by the
Company's Audit Committee. The audit reports provided by Deloitte & Touche LLP
for the fiscal years ended May 31, 1993 through May 31, 1995 did not contain any
adverse opinion or a disclaimer of opinion nor was any report qualified in any
respect, and management of the Company knows of no past disagreements between
the Company and Deloitte & Touche LLP on any matter of accounting principles or
practices, financial statement disclosure or auditing, scope or procedure.
ITEM 7(C) EXHIBITS.
The following exhibit is filed as part of this report in accordance with the
provisions of Item 601 of Regulation S-B:
Exhibit Name of Exhibit
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16 Letter on Change in certifying accountant
2
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SIGNATURE
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.
HI-SHEAR TECHNOLOGY CORPORATION
Date: June 7, 1996 By: /s/ George W. Trahan
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George W. Trahan,
Vice President and Chief Financial Officer
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EXHIBIT INDEX
Exhibit Name of Exhibit Page Number
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16 Letter on Change in certifying accountant
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EXHIBIT 16
[LETTERHEAD OF DELOITTE & TOUCHE LLP]
June 7, 1996
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 Hi-Shear
Technology Corporation dated June 7, 1996.
Yours truly,
/s/ DELOITTE & TOUCHE LLP
