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
Date of Report (Date of earliest event reported): July 20, 2000
PROGINET CORPORATION
(Exact Name of Registrant as Specified in Charter)
Delaware 0-30151 11-3264929
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File No.) Identification No.)
200 Garden City Plaza, Garden City, New York 11530
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (516) 248-2000
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 4. CHANGES IN CERTIFYING ACCOUNTANT
On July 20, 2000, the client-auditor relationship between Proginet
Corporation (the "Company") and KPMG LLP ("KPMG") ceased and the Company engaged
Grant Thornton LLP ("Grant") as its independent auditors for the fiscal year
ending July 31, 2000. The decision to engage Grant was approved by the Board of
Directors of the Company, upon the recommendation of the Audit Committee of the
Board of Directors. KPMG's reports on the consolidated financial statements of
the Company for fiscal years 1999 and 1998 did not contain any adverse opinion
or a disclaimer of opinion, and were not qualified or modified as to
uncertainty, audit scope or accounting principles. During fiscal years 1999 and
1998 and the subsequent interim period preceding the termination of KPMG, there
were no disagreements with KPMG regarding any matters of accounting principles
or practices, financial statement disclosure or auditing scope or procedure,
which disagreements, if not resolved to the satisfaction of KPMG, would have
caused KPMG to make reference to the subject matter of the disagreements in
connection with its report. The Company requested that KPMG furnish it with a
letter addressed to the Securities and Exchange Commission stating whether it
agrees with the above statements. The letter, dated August 10, 2000 has been
filed as an exhibit to this current report on Form 8-K.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, as amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
Dated: August 10, 2000
PROGINET CORPORATION
By:/s/ Kevin M. Kelly
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Name: Kevin M. Kelly
Title: President and Chief Executive Officer
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EXHIBIT INDEX
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Exhibit
No. Description
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1 Letter dated August 10, 2000, from KPMG LLP to the Securities and
Exchange Commission.
