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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 Exchange Act of 1934
Date of Report (Date of earliest event reported): January 8, 1997
JPS AUTOMOTIVE L.P.
JPS AUTOMOTIVE PRODUCTS CORP.
(Exact name of registrant as specified in its charter)
Delaware 33-75510-01 57-1060375
Delaware 1-12944 57-0993690
State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation)
29 Stevens Street
Greenville, SC 29605
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (864) 239-2320
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Item 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
JPS Automotive L.P. and JPS Automotive Products Corp.
On January 8, 1997, JPS Automotive dismissed Coopers & Lybrand L.L.P.
("Coopers"), as independent accountants for itself and its subsidiaries,
including JPS Automotive Products Corp. Coopers' report on the financial
statements of JPS Automotive and its subsidiaries for either of the past two
years did not contain an adverse opinion or a disclaimer of opinion and was not
qualified or modified as to uncertainty, audit scope or accounting principles.
The decision to change accountants was approved by the Board of Directors of
PACJ, Inc., the general partner of JPS Automotive. During JPS Automotive's two
most recent fiscal years and subsequent interim periods preceding such
dismissal, there were no disagreements with Coopers on any matter of accounting
principles or practices, financial statement disclosure, or auditing scope or
procedure. On January 8, 1997, JPS Automotive retained Arthur Andersen LLP to
act as independent accountant for itself and its subsidiaries, including JPS
Automotive Products Corp. Arthur Anderson LLP has served as independent
accountant for Collins & Aikman and its subsidiaries since Collins & Aikman's
inception in 1988.
ITEM 7. FINANCIAL STATEMENT AND EXHIBITS
(c) The exhibits furnished in connection with this Report are as follows:
Exhibit
Number Description
16. Letter re. Change in Certifying Accountant
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrants have duly caused this report to be signed on their behalf by the
undersigned thereunto duly authorized.
JPS AUTOMOTIVE L.P.
(Registrant)
By: PACJ, Inc., its
General Partner
Date: January 14, 1997 By: /s/ J. Michael Stepp
Name: J. Michael Stepp
Title: Executive Vice President and
Chief Financial Officer
JPS AUTOMOTIVE
PRODUCTS CORP.
(Registrant)
Date: January 14, 1997 By: /s/ J. Michaels Stepp
Name: J.Michael Stepp
Title: Executive Vice President and
Chief Financial Officer
January 10, 1997
Mr. J. Michael Stepp
Executive Vice President and Chief Financial Officer
Collins & Aikman
701 McCullough Drive
Charlotte, NC 28262
Dear Mr. Stepp:
This is to confirm that the client-auditor relationship between JPS
Automotive L.P. and JPS Automotive Products Corp.
(Commission File Numbers 33-75510-01 and 1-12944,
respectively) and Coopers & Lybrand L.L.P. has ceased.
Very truly yours,
/s/ Coopers & Lybrand L.L.P.
Coopers & Lybrand L.L.P.
cc: Office of the Chief Accountant
SECPS Letter File
Securities and Exchange Commission
Mail Stop 11-3
450 Fifth Street, N.W.
Washington, D.C. 20549
