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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
Date of Report (Date of Earliest Event Reported): January 3, 2001
CINEMASTAR LUXURY THEATERS, INC.
(Exact Name of Registrant as Specified in Charter)
DELAWARE 0-25252 33-0451054
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(State or Other Jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
7220 AVENIDA ENCINAS SUITE 203, CARLSBAD, CALIFORNIA 92009
(Address of Principal Executive Offices, including Zip Code)
Registrant's telephone number, including area code (760) 929-2525
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ITEM 4. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT.
(a) Previous independent accountants.
(i) On January 3, 2001, the independent accountants for CinemaStar
Luxury Theaters, Inc. (the "Registrant"), Arthur Andersen LLP,
were dismissed.
(ii) The reports of Arthur Andersen LLP on the financial statements
for the past two fiscal years contain no adverse opinion or
disclaimer of opinion, and such reports were not qualified or
modified as to uncertainty, audit scope or accounting
principles, with the exception of the auditors' report
covering the Registrant's financial statements included in the
Registrant's Form 10-K for the year ended March 31, 2000,
which contained a modification regarding the Registrant's
ability to continue as a going concern.
(iii) The Registrant's Audit Committee participated in and approved
the decision to change independent accountants.
(iv) In connection with the audits for the two most recent fiscal
years and through December 31, 2000, there have been no
disagreements with Arthur Andersen LLP on any matter of
accounting principles or practices, financial statement
disclosure, or auditing scope or procedure, which
disagreements if not resolved to the satisfaction of Arthur
Andersen LLP would have caused them to make reference thereto
in their report on the financial statements for such years.
(v) During the two most recent fiscal years and through December
31, 2000, there have been no reportable events as defined in
Regulation S-B Item 304(a)(1)(iv).
(vi) The Registrant has requested that Arthur Andersen LLP furnish
it with a letter addressed to the SEC stating whether or not
it agrees with the above statements. A copy of such letter,
dated January 17, 2001, is filed as Exhibit 16 of this Form
8-K.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(b) Exhibits.
16 Letter of Arthur Andersen LLP dated January 17, 2001,
regarding the disclosure contained in Item 4(a) of this report
on Form 8-K.
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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.
CINEMASTAR LUXURY THEATERS, INC.
Dated: January 19, 2001 By: /s/ Donald H. Harnois, Jr.
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Donald H. Harnois, Jr.
Vice President and Chief Financial Officer
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EXHIBIT INDEX
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Exhibit # Item
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16 Letter of Arthur Andersen LLP
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