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U.S. 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)
March 31, 1998
PROLOGIC MANAGEMENT SYSTEMS, INC.
(Exact name of registrant as specified in its charter)
Arizona 1-13704 86-0498857
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
2030 East Speedway Blvd.
Tucson, Arizona 85719
(Address of principal executive offices) (Zip Code)
(520) 230-1000
(Registrant's telephone number, including area code)
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Item 4. Changes in Registrant's Certifying Accountant
The Company's auditors KPMG Peat Marwick LLP have resigned as of
March 26, 1998.
At the end of the Fiscal year ended March 31, 1997 KPMG Peat Marwick
qualified their opinion to state that the consolidated financial statements
had been prepared assuming that the Company were to continue as a going
concern. The footnotes to the statements discussed that the Company had
suffered recurring losses from operations that raised substantial doubt about
its ability to continue as a going concern.
During the two year period ended March 31, 1997, the Company did not
have any disagreements with KPMG Peat Marwick LLP on any matter of accounting
principles or practices, financial statement disclosure, or auditing scope or
procedures, which disagreements if not resolved to their satisfaction would
have caused them to make reference in connection with their opinion to the
subject matter of the disagreement.
Item 7. Exhibits
Exhibit 1 Letter dated 3/31/98 to SEC from KMPG Peat Marwick, LLP
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 hereunto duly authorized.
PROLOGIC MANAGEMENT SYSTEMS, INC.
Dated: March 31, 1998 By: /s/ James M. Heim
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James M. Heim
President and Chief Executive Officer
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March 31, 1998
Securities and Exchange Commission
Washington, D.C. 20549
Ladies and Gentlemen:
We were previously principal accountants for Prologic Management Systems, Inc.
and, under the date of June 27, 1997, except for the first paragraph of note 15
which is as of July 17, 1997, we reported on the consolidated financial
statements of Prologic Management Systems, Inc. and subsidiaries as of March 31,
1997 and for each of the years in the two-year period ended March 31, 1997. On
March 26, 1998, we resigned as the principal accountants for Prologic
Management Systems, Inc. We have read Prologic Management Systems, Inc.'s
statements included under Item 4 of its Form 8-K dated March 31, 1998, and we
agree with such statements.
Very truly yours,
/s/ KPMG Peat Marwick LLP
