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) February 9, 1998
INTERNATIONAL FRANCHISE SYSTEM, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 000-26270 52-1887105
(State of Organization) (Commission File No.) (IRS Employer
Identification Number)
6701 Democracy Boulevard, Suite 300
Bethesda, MD 20817
(Address of principal executive offices)
(301) 897-4870
(Registrant's telephone number, including area code)
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Item 4. Changes in Registrant's Certifying Accountant.
On March 9, 1998 the Company appointed Ernst & Young to replace Moore
Stephens, P.C., ("Moore Stephens") as independent auditors of the Company for
the fiscal year ended December 28, 1997. Moore Stephens was dismissed as the
Company's independent auditors on December 10, 1997. See the Current Report on
Form 8-K dated December 16, 1997.
The decision to engage Ernst & Young as the Company's independent
auditors was approved by the Company's board of directors.
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Item 5. Other Events
David R. Coffer has been appointed a director of the Company. Mr.
Coffer, age 50, is Chairman of Davis-Coffer-Lyons, a British based restaurant
property consulting firm. Mr. Coffer is a international restaurant consultant
who specializes in restaurant properties in the United Kingdom and Europe.
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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.
INTERNATIONAL FRANCHISE SYSTEM
By: /S/ H. Michael Bush
H. Michael Bush
(Principal Accounting Officer)
Date: March 12, 1998
