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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 the earliest event reported)
July 24, 2000
PLAY BY PLAY TOYS & NOVELTIES, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
Texas 0-26374 74-2623760
(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation or organization) Identification No.)
4400 Tejasco
San Antonio, Texas 78218
(Address of principal executive offices and zip code)
(210) 829-4666
(Registrant's telephone number, including area code)
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
At a special meeting held on July 24, 2000, the Audit Committee of the
Board of Directors of Play By Play Toys & Novelties, Inc. (the "Company")
approved the dismissal of PricewaterhouseCoopers LLP as the Company's principal
accountant to audit the Company's financial statements and approved the
engagement of Ernst & Young LLP as the Company's principal accountant to audit
the Company's financial statements for the fiscal year ending July 31, 2000.
The reports of PricewaterhouseCoopers LLP on the Company's financial
statements for the past two fiscal years did not contain an adverse opinion or a
disclaimer of opinion and were not qualified or modified as to uncertainty,
audit scope, or accounting principles.
In connection with the audits of the Company's financial statements for
each of the two fiscal years ended July 31, 1999 and 1998, and through July 24,
2000, there were no disagreements with PricewaterhouseCoopers LLP on any matters
of accounting principles or practices, financial statement disclosure, or
auditing scope and procedures which, if not resolved to the satisfaction of
PricewaterhouseCoopers LLP, would have caused PricewaterhouseCoopers LLP to make
reference to the matter in their reports on the financial statements for such
years.
PricewaterhouseCoopers LLP has furnished the Company with a letter
addressed to the Securities and Exchange Commission indicating
PricewaterhouseCoopers LLP's agreement with the above statements. A copy of that
letter is attached as an exhibit herewith.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
16.1 Letter from PricewaterhouseCoopers LLP, dated July 26, 2000.
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INDEX TO EXHIBITS
NUMBER DESCRIPTION OF EXHIBITS
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16.1* Letter from PricewaterhouseCoopers LLP, dated July 26, 2000.
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* Included herewith
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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, thereunto duly authorized, this 28th day of July 2000.
PLAY BY PLAY TOYS & NOVELTIES, INC.
By: /s/ JOE M. GUERRA
Joe M. Guerra
CHIEF FINANCIAL OFFICER,
SECRETARY AND TREASURER
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