PETRO FINANCIAL CORP
8-K/A, 1997-09-11
AUTO DEALERS & GASOLINE STATIONS
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<PAGE>
 
                      SECURITIES AND EXCHANGE COMMISSION

                           WASHINGTON, D. C.  20549

                                  FORM 8-K/A

                              AMENDMENT TO REPORT
                                Amendment No. 1

                        Pursuant to Section 13 or 15(d)
                    of the Securities Exchange Act of 1934

                      Date of Report - September 11, 1997

                          PETRO FINANCIAL CORPORATION



           Delaware                   1-13020               74-2699614
    ------------------------        ------------        -------------------
    (State of Incorporation)        (Commission         (IRS Employer Iden-
                                    File Number)         tification Number)



    6080 Surety Drive, El Paso, Texas                         79905
- -----------------------------------------                   ----------
(Address of Principal Executive Offices)                    (Zip Code)



                                (915) 779-4711
                              ------------------
                              (Telephone Number)
<PAGE>
 
The undersigned registrant hereby amends the following items, financial
statements, exhibits or other portions on its Current Report dated September 3,
1997, on Form 8-K as set forth in the pages attached hereto.

Item 4. -- Changes in Registrant's Certifying Accountant

    (b)  During the last two most recent fiscal years and interim period through
         August 27, 1997, there were no disagreements with Coopers & Lybrand LLP
         on matters of accounting principles or practices, financial statement
         disclosure, or auditing scope or procedure which disagreement(s), if
         not resolved to the satisfaction of Coopers & Lybrand LLP, would have
         caused them to make reference to the subject matter of the
         disagreement(s) in connection with their report. In addition, during
         such period there have been no "reportable events" with Coopers &
         Lybrand LLP as described in Items 304(a) (i) (v) of Regulation S-K.


Item 7. -- Financial Statements and Exhibits
           ---------------------------------

           (c) Exhibits

     16.       Letter dated September 11, 1997 from Coopers & Lybrand LLP
               stating whether it agrees with the revised statements set forth
               in Item 4 of the Form 8-K/A.

                                   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.


                                        PETRO FINANCIAL CORPORATION
                                        ---------------------------
                                        Registrant

September 11,  1997                     /s/ Larry J. Zine
- -------------------                     ---------------------------
Date                                    Larry J. Zine
                                        Executive Vice President &
                                        Chief Financial Officer

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<PAGE>
 
                          PETRO FINANCIAL CORPORATION


                                  FORM 8-K/A



                     Date of Report:   September 11, 1997


                                 EXHIBIT INDEX



Item 7(c) Exhibits                                                   Sequential
                                                                      Page No. 
                                                                     ---------- 
 
     16.            Letter dated September 11, 1997 from               (   )
                    Coopers & Lybrand LLP stating
                    whether it agrees with the revised statements
                    set forth in Item 4 of this Form 8-K/A.

 

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<PAGE>
 
                                                                      EXHIBIT 16

September 11, 1997


Securities and Exchange Commission
450 5/th/ Street, N.W.
Washington, D.C. 20549


Gentlemen:

We have read the revised statements made by Petro Financial Corporation (copy
attached), which we understand will be filed with the Commission, pursuant to
Item 4 of Form 8-K/A, as part of the Company's Form 8-K/A report for the month
of September 1997.  We agree with the statements concerning our Firm in such
Form 8-K/A.


Very truly yours,



Coopers & Lybrand L.L.P.


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