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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):
June 13, 1997
AMERICAN TIRE CORPORATION
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(Exact name of registrant as specified in its charter)
NEVADA 33-94318-C 87-0535207
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(State or other jurisdiction (Commission File Number) (IRS Employer ID No.)
of incorporation)
446 West Lake Avenue, Ravenna, Ohio 44266
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(Address of principal executive office)
Registrant's telephone number, including area code: (330) 296-8778
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N/A
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(Former name or former address, if changed since last report)
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
On June 13, 1997, by the mutual agreement of the Registrant and the
Registrant's principal auditor, Saltz, Shamis & Goldfarb, Inc., Certified
Public Accountants ("SS&G"), the Registrant terminated its relationship with
SS&G as its independent accountant and appointed as its independent accountant
the firm Jones, Jensen & Company, Certified Public Accountants. This mutual
decision to terminate SS&G's relationship was approved by the Registrant's
board of directors.
During the Registrants two most recent fiscal years ended June 30, 1995
and 1996, respectively (the "Prior Fiscal Years") and the interim period from
July 1, 1996 through June 13, 1997 (the "Interim Period"), SS&G did not issue
any adverse opinions or disclaimers of opinion or qualify or modify an opinion
as to uncertainty, audit scope, or accounting principles, except for a
modified opinion for each of the Prior Fiscal Years relating to the fact the
Registrant was a "development stage enterprise" and its ability to continue as
a "going concern". During the Prior Fiscal Years and the Interim Period, the
Registrant has had no disagreement with SS&G as to any matter of accounting
principles or practices, financial statements disclosure or auditing scope or
procedure which, if not resolved to the satisfaction of SS&G, would have
caused it to make reference to the subject matter of such disagreement in
connection with its reports for the Prior Fiscal Years.
There were no "Reportable Events" as such term is defined in Item 302 of
Regulation S-K, during either (i) the Prior Fiscal Years or (ii) the Interim
Period.
The Registrant has requested that SS&G review the foregoing disclosures
and provide a letter addressed to the Securities and Exchange Commission
stating whether they agree with the above statements and, if not, stating in
what respects they do not agree. SS&G's letter is included as an exhibit to
this report on form 8-K.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL STATEMENTS, AND EXHIBITS
(b)(1) Pro Forma Financial Statements.
None.
(c)(1) Exhibits. The following exhibits are included as part of this report:
SEC
Exhibit Reference
Number Number Title of Document Location
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16 16.01 Letter from Saltz, Shamis & This filing
Goldfarb, Inc. relating to its
termination as the Registrant's
independent auditors
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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 hereunder duly authorized.
AMERICAN TIRE CORPORATION
Date: June 13, 1997 /S/Richard A. Steinke
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Exhibit No. 16
[Saltz, Shamis & Goldfarb, Inc. Letterhead]
June 13, 1997
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Effective June 13, 1997, Saltz, Shamis & Goldfarb, Inc. ceased as auditors of
American Tire Corporation. We have read the Registrant's Item 4 on Form 8-K
and concur with the statements contained therein as they relate to our
relationship with American Tire Corporation and our termination as auditors.
Sincerely,
/S/Saltz, Shamis & Goldfarb, Inc.
Certified Public Accountants
308 North Cleveland - Massillon Road
Akron, Ohio 44333-9302
