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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported): October 5, 1998
WEITZER HOMEBUILDERS INCORPORATED
(Exact name of registrant as specified in its charter)
Florida 33-89076 65-0502494
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
5901 Northwest 151st Street Suite 120
Miami Lakes, Florida 33014-2428
(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code: (305) 819-4663
NOT APPLICABLE
(Former name or former address, if changed since last report)
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Item 4. Change in Registrant's Certifying Accountant
The Company has selected McKean, Paul, Chrycy, Fletcher & Co. as the
independent accountants to audit the financial statements of the Company and its
subsidiaries for the fiscal year ended September 30, 1998, replacing
PricewaterhouseCoopers LLP (formerly Coopers & Lybrand LLP).
PricewaterhouseCoopers LLP served as the Company's independent auditors
for the fiscal years ended September 30, 1997 and 1996. Their report on the
Company's financial statements for the fiscal year ended September 30, 1997
included a going concern qualification related to the uncertainty surrounding
the repayment of $3.75 million of the Company's bonds scheduled to mature during
fiscal 1998. Such bonds were repaid in August 1998. Their report on the
financial statements for the fiscal year ended September 30, 1996 did not
contain an adverse opinion nor a disclaimer of opinion and was not qualified or
modified as to uncertainty, audit scope or accounting principles.
In connection with the audits of the Company's financial statements for
each of the two fiscal years ended September 30, 1997 and 1996, respectively,
and in the subsequent interim period preceding PricewaterhouseCoopers LLP's
dismissal, there were no disagreements on any matters of accounting principles
or practices, financial statement disclosure or auditing scope or procedure
which if not resolved to their satisfaction would have caused them to make
references to the matter in their report.
During the most recent fiscal years and any subsequent interim period,
there have been no "reportable events" as defined in Regulation S-K Item
304(a)(1)(v) with PricewaterhouseCoopers LLP.
The Company has requested from PricewaterhouseCoopers LLP a letter
addressed to the Securities and Exchange Commission (the "SEC") stating that it
agrees with the statements as set forth above, in connection with this filing.
A copy of that letter, dated October 5, 1998, is attached as Exhibit 16(a) with
this filing.
Item 7. Exhibits
16(a) Letter of PricewaterhouseCoopers LLP addressed to the Securities and
Exchange Commission dated October 5, 1998
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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 thereunto duly authorized.
Dated: October 6, 1998 WEITZER HOMEBUILDERS INCORPORATED
/s/ HARRY WEITZER
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Chief Executive Officer
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EXHIBIT 16(a)
[LETTERHEAD OF PRICEWATERHOUSECOOPERS APPEARS HERE]
October 5, 1998
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Commissioners:
We have read the statements made by Weitzer Homebuilders Incorporated, which we
understand will be filed with the Commission, pursuant to Item 4 of Form 8-K, as
part of the Company's Form 8-K report for the month of October 1998. We agree
with the statements concerning our Firm in such Form 8-K.
Very truly yours,
/s/ PricewaterhouseCoopers LLP
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PricewaterhouseCoopers LLP
