U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K/A
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report December 1, 1999
Commission file number 1-14082
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SMART CHOICE AUTOMOTIVE GROUP, INC.
(Exact name of registrant as specified in its charter)
FLORIDA 59-1469577
(State or other jurisdiction of I.R.S. Employer Identification No.)
incorporation or organization)
5200 S. Washington Avenue, Titusville, Florida 32780
(Address of principal executive offices)
(Zip Code)
(407) 269-0834
(Registrant's telephone number, including area code)
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(Former name, former address and former fiscal year,
if changed since last report)
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
On December 8, 1999, Smart Choice Automotive Group, Inc. (the "Registrant" or
the "Company") filed a Form 8-K with respect to the fact that on December 1,
1999, the appointment of BDO Seidman, LLP as independent public accountants for
the Company was terminated. The Company also filed as an exhibit to the Form 8-K
a letter from BDO Seidman, LLP dated December 1, 1999. Upon further review, BDO
Seidman, LLP identified that because of a ministerial error, the incorrect
exhibit was filed. The correct Exhibit 16.1 is filed herewith. Also upon further
review, the Company and BDO Seidman, LLP determined that the following
information should be included in respect of Item 4.
On December 1, 1999, BDO Seidman, LLP's engagement as independent public
accountants for the Company was dismissed in conjunction with the change of
control by Crown Group, Inc. The Company's Board approved the change of
accountants. BDO Seidman, LLP's report on the Company's financial statements for
the years ended December 31, 1998 and 1997 did not contain an adverse or
disclaimer of opinion and was not qualified or modified as to uncertainty, audit
scope or accounting principles.
During the audit of the Company for the year ended December 31, 1998, BDO
Seidman, LLP disagreed with the Company's determination of the measurement date
for discontinued operations. The Company accepted the date of January 1, 1999
recommended by BDO Seidman, LLP. BDO Seidman, LLP discussed the disagreement
with the audit committee of the Company's board of directors. There have been no
other disagreements with BDO Seidman, LLP which require disclosure under
Regulation S-K 304(a)(1). In addition, there has not been a reportable event as
described in paragraph (a)(1)(v) of Item 304 of Regulation S-K.
As of the date of this amendment to Form 8-K, the Registrant has not yet engaged
a new independent accountant. However, the Registrant has identified a firm to
engage, and upon execution of an engagement letter with such firm, the
Registrant will file an amendment to Form 8-K to report such engagement. The
Company has authorized BDO Seidman, LLP to respond fully to the inquiries of the
successor auditor concerning the subject matter of the disagreement.
ITEM 8. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Exhibits filed herewith.
Exhibit
NO. EXHIBIT DESCRIPTION
16.1 Letter from BDO Seidman, LLP
dated December 10, 1999
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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 on December 10, 1999.
SMART CHOICE AUTOMOTIVE GROUP, INC.
By: /S/ JAMES E. ERNST
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James E. Ernst, President
and Chief Executive Officer
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EXHIBIT INDEX
Exhibit
NO. EXHIBIT DESCRIPTION
16.1 Letter from BDO Seidman, LLP
dated December 10, 1999
Exhibit 16.1
[BDO Seidman, LLP Letterhead]
December 10, 1999
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Gentlemen:
We have been furnished with a copy of the response to Item 4 of Form 8-K/A for
the event that occurred on December 1, 1999 to be filed by our former client,
Smart Choice Automotive Group, Inc. We agree with the statements made in
response to that Item insofar as they relate to our Firm.
Very truly yours,
/s/ BDO Seidman, LLP
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BDO Seidman, LLP
