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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
Amendment No. 1
to
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 15, 1999
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) 320-1000
(Registrant's telephone number, including area code)
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Item 4. Changes in Registrant's Certifying Accountant
(a) Effective March 15, 1999, the Company's client-auditor relationship
with auditors Arthur Andersen LLP ceased.
In the Company's Report on Form 10-KSB for the fiscal year ended March
31, 1998, Arthur Andersen LLP's opinion stated that the condensed consolidated
financial statements had been prepared assuming that the Company will continue
as a going concern. The footnotes to the statements discussed that the Company
has suffered recurring losses from operations and has continued to generate cash
deficits from its operating activities that raise substantial doubt about its
ability to continue as a going concern.
Management's plans in regard to these matters were also described in the
footnotes.
During the approximately one year engagement of Arthur Andersen LLP as
the Company's principal accountant to audit its financing statements, commencing
with its fiscal year ended March 31, 1998, and within the meaning of Item 304 of
Regulation S-K, Arthur Andersen LLP did not inform the Company of any
disagreements, reportable events, or any dispute relating to 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 3/15/99 from Arthur Andersen LLP 3
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: April 27, 1999 By: /s/James M. Heim
-----------------------------------------
James M. Heim
President and Chief Executive Officer
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EXHIBIT 1 LETTER DATED 3/15/99 FROM ARTHUR ANDERSEN LLP
March 15, 1999
Mr. Jim Heim
Prologic Management Systems, Inc.
2030 East Speedway Boulevard
Tucson, Arizona 85719
Dear Mr. Heim:
This is to confirm that the client-auditor relationship between Prologic
Management Systems, Inc. and Arthur Andersen LLP has ceased.
Very truly yours,
/s/ Arthur Andersen LLP
Copy to: Office of the Chief Accountant
SECPS Letter File
Securities and Exchange Commission
Mail Stop 9-5
450 Fifth Street, N.W.
Washington, D.C. 20549
