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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): SEPTEMBER 1, 2000
HI-SHEAR TECHNOLOGY CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 001-12810 22-2535743
(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
24225 GARNIER STREET
TORRANCE, CALIFORNIA 90505-5355
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (310) 784-2100
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
On August 28, 2000 Registrant received a letter of resignation from
Registrant's independent public accountants, McGladrey & Pullen, LLP, dated
August 25, 2000. The Board of Directors is currently interviewing several audit
firms that have expressed interest in providing their independent public
accounting services to the Registrant. The Registrant expects to identify the
selection of its new auditing firm promptly.
McGladrey & Pullen, LLP previously issued a report dated August 1,
2000. The report did not contain any adverse opinion or disclaimer of opinion,
or any qualification as to uncertainty, audit scope or accounting principles.
Such report subsequent to issuance has not been modified. There were no
disagreements with McGladrey & Pullen, LLP on any matter of accounting
principles or practices, financial statement disclosure or auditing scope or
procedure during the two year period prior covered by their report and
subsequently through August 25, 2000.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements - None
(b) Exhibits
16.1 - Letter on change in certifying accountant.
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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 CORP.
Dated: September 1, 2000 By: /s/ George W. Trahan
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George W. Trahan, President, Chief
Executive Officer and Co-Chairman
