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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
July 25, 1997
Date of report (Date of earliest event reported)
SCHMITT INDUSTRIES, INC.
(Exact Name of Registrant as Specified in Its Charter)
Oregon 0-23996 93-1151989
(State or Other (Commission File Number) (IRS Employer
Jurisdiction of Incorporation) Identification Number)
2765 N.W. NICOLAI STREET
PORTLAND, OREGON 97210
(Address of Principal Executive Offices) (Zip Code)
(503) 227-7908
(Registrant's Telephone Number,
Including Area Code)
Former Name or Former Address, if Changed Since Last Report: N/A
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
Moss Adams LLP, who was previously engaged as the principal accountant to
audit the registrant's financial statements, was dismissed on July 25, 1997.
Moss Adams LLP's report on the financial statements for either of the
fiscal years ended May 31, 1996 or May 31, 1997 did not contain an adverse
opinion or a disclaimer of opinion, nor was it qualified or modified as to
uncertainty, audit scope, or accounting principles. During the registrant's
fiscal years ended May 31, 1996 and May 31, 1997 and since May 31, 1997, there
were no disagreements with Moss Adams LLP on any matter of accounting principles
or practices, financial statement disclosure, or auditing scope or procedure.
The registrant has engaged Price Waterhouse LLP as the principal accountant
to audit the registrant's financial statements effective July 25, 1997.
The decision to change accountants was approved by the audit committee of
the Board of Directors of the registrant.
ITEM 7. FINANCIAL STATEMENT AND EXHIBITS.
(c) Exhibits.
Exhibit 16 - Letter re change in certifying accountant from Moss Adams LLP
to the Commission.
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 hereunto duly authorized.
SCHMITT INDUSTRIES, INC.
Date: July 30, 1997 /s/Wayne A. Case
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Wayne A. Case
President and Chief Executive Officer
/s/Annie Windsor
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Annie Windsor, Chief Financial Officer
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EXHIBIT INDEX
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NUMBER DESCRIPTION PAGE NUMBER
16 Letter re change in certifying accountant from Moss
Adams LLP to the Commission.
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EXHIBIT 16
MOSS ADAMS LLP
CERTIFIED PUBLIC ACCOUNTANTS
July 30, 1997
United States Securities and Exchange Commission
Judiciary Plaza
450 Fifth St., N.W.
Washington, D.C. 20549
Attn: Division of Corporation Finance
Re: Schmitt Industries, Inc. (the "Registrant")
Commission File Number: 0-23996
Ladies and Gentlemen:
Pursuant to Item 304(a)(3) of Regulation S-K, the Registrant has provided us
with a copy of Registrant's Current Report on Form 8-K, and we have reviewed the
disclosures the Registrant is making in response to Item 4: Changes in
Registrant's Certifying Accountant. Please be advised that Moss Adams LLP
hereby agrees with the statements made by the Registrant in response to
Item 304(a)(1) of Regulation S-K as they relate to Moss Adams LLP.
Very truly yours,
/s/ MOSS ADAMS LLP
MOSS ADAMS LLP
c: Wayne A. Case
Schmitt Industries, Inc.
