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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 10,1997
Summit Medical Systems, Inc.
(Exact name of registrant as specified in charter)
Minnesota 0-26390 41-1545493
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
10900 Red Circle Drive, Minnetonka, Minnesota 55343
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (612) 939-2200
N/A
(Former name or former address, if changed since last report)
Item 4. Changes in Registrant's Certifying Accountant.
On June 10, 1997, Summit Medical Systems, Inc. (the "Company") engaged
Arthur Andersen LLP ("Arthur Andersen") as the Company's independent public
accountants. The decision to engage Arthur Andersen was unanimously approved
by the Board of Directors of the Company.
Arthur Andersen replaces Ernst & Young LLP ("Ernst & Young"), whose
engagement, as previously announced in a Current Report on Form 8-K filed on
June 9, 1997, was discontinued on June 2, 1997.
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As previously announced by the Company, the Company's management and
outside legal counsel began an investigation of the Company's accounting
practices in March 1997. The outside legal counsel to the Company also retained
Arthur Andersen to assist in the investigation. At the same time, Ernst & Young
expanded the scope of its audit procedures. As a result of the investigation,
the Company disclosed restatements of previously reported financial position and
results of operations for the years 1994 and 1995 and the nine months ended
September 30, 1996 as part of its Annual Report on Form 10-K for the fiscal year
ended December 31, 1996, filed with the Securities and Exchange Commission on
April 4, 1997.
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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 hereunto duly authorized.
Summit Medical Systems, Inc.
Date: June 11, 1997 /s/ Kevin R. Green
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By: Kevin R. Green
Its: President
