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: September 10, 1997
(Date of earliest event reported)
MIKE'S ORIGINAL, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-22431 11-3214529
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
131 Jericho Turnpike, Jericho, New York 11753
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number including area code (516) 334-8500
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(Former name of former address, if changed since last report.)
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Item 4. Changes in Registrant's Certifying Accountant
Grant Thornton LLP served as the Company's independent auditors for the
nine month period ended December 31, 1995 and the fiscal year ended December 31,
1996. On September 10, 1997, the Company received a letter from Grant Thornton
LLP in which they advised the Company in writing that they had resigned as the
Company's independent auditors.
The reports of Grant Thornton LLP for the nine month period ended December
31, 1995 and for the fiscal year ended December 31, 1996 did not contain an
adverse opinion or a disclaimer of opinion, nor were they qualified or modified
as to uncertainty, audit scope or accounting principles, except that the
opinions included an explanatory paragraph that there were conditions that
raised substantial doubt about the Company's ability to continue as a going
concern.
In connection with the audits for the Company's nine month period ended
December 31, 1995 and fiscal year ended December 31, 1996, and for the period
from January 1, 1997 through September 9, 1997, there were no disagreements with
Grant Thornton LLP on any matters of accounting principles or practices,
financial statement disclosure, or auditing scope of procedure, which
disagreements, if not resolved to Grant Thornton LLP's satisfaction, would have
caused Grant Thornton LLP to make reference to the subject matter of the
disagreement in connection with its report. However, Grant Thornton LLP has
advised the Company that information with respect to the return of product in
August 1997 from the Company's distributor came to their attention in September
1997. Although Grant Thornton LLP does not believe that the return of product in
August 1997 had a material impact on the Company's December 31, 1996 financial
statements, Grant Thornton LLP believes that this information should have been
brought to their attention at an earlier date. As a result thereof, Grant
Thornton LLP is no longer willing to be associated with the Company and future
financial statements prepared by management.
Item 7: Financial Statements, Pro Forma Financial Information and Exhibits
(a) Exhibits
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(16) Resignation letter from Grant Thornton LLP
(17) Letter from Grant Thornton LLP
Signatures
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Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.
MIKE'S ORIGINAL, INC.
By: /s/ Michael Rosen
_____________________
Dated: September 17, 1997
Exhibit 16
GRANT THORNTON
September 9, 1997
Mr. Fred Heller
Chief Financial Officer
Mike's Original, Inc.
131 Jericho Turnpike
Jericho, NY 11735
Dear Mr. Heller:
This is to confirm our conversation in which I informed you of GRANT THORNTON
LLP's ("Grant Thornton") decision to resign as auditors of Mike's Original, Inc.
Registration No. 333-21575 (the "Company"), effective immediately. As you are
aware, Mike's must file a Form 8-K with the Securities and Exchange Commission
(the "Commission") reporting Grant Thornton's resignation within the time
specified in Regulation S-K. Upon receiving a copy of the Company's Form 8-K,
Grant Thornton will prepare the required former accountant's letter for filing
with the Commission.
Very truly yours,
/s/ Grant Thornton LLP
GRANT THORNTON LLP
cc: Office of the Chief Accountant
SECPS Letter File
Securities and Exchange Commission
Mail Stop 9-5
450 Fifth Street, N.W.
Washington, DC 20549
Fax: 202-942-9656
Exhibit 17
GRANT THORNTON
September 17, 1997
Securities and Exchange Commission
Washington, D.C. 20549
Re: Mike's Original, Inc.
File No. 0-22431
Dear Sir or Madam:
We have read Item 4 of the Form 8-K of Mike's Original, Inc. dated
September 17, 1997, and agree with the statements contained therein.
Very truly yours,
/s/ Grant Thornton LLP
GRANT THORNTON LLP
