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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
MAY 24, 1999
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)
TOREADOR ROYALTY CORPORATION
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
STATE OF DELAWARE 0-02517 75-0991164
(STATE OR OTHER JURISDICTION (COMMISSION FILE NO.) (IRS EMPLOYER
OF INCORPORATION) IDENTIFICATION NO.)
4809 COLE AVENUE
SUITE 108
DALLAS, TEXAS 75205
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (214) 369-0080
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ITEM 4. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT.
On May 24, 1999, the Registrant dismissed PricewaterhouseCoopers LLP
("PWC") as its independent accountant and on May 24, 1999, the Registrant
retained Ernst & Young LLP ("E&Y") as its independent accountant.
PWC's reports on the Registrant's financial statements for the fiscal years
ended December 31, 1998 and 1997 did not contain an adverse opinion or
disclaimer of opinion, nor were they qualified or modified as to uncertainty,
audit scope or accounting principles.
The decision to engage E&Y as set forth above and to dismiss PWC was
approved by the audit committee and the board of directors of the Registrant.
In connection with the audits of the financial statements of the Registrant
for the fiscal years ended December 31, 1998 and 1997, there were no
disagreements with PWC on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedures, which
disagreements, if not resolved to the satisfaction of PWC, would have caused
them to make reference to the subject matter of the disagreements in connection
with their report.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
Exhibits
16. Letter on Change in Certifying Accountant (to be filed by amendment hereto
as soon as possible and within ten business days of the date hereof).
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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 hereunto duly authorized.
TOREADOR ROYALTY CORPORATION
By: /s/ G. THOMAS GRAVES III
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Name: G. Thomas Graves III
Title: President and Chief Executive Officer
Dated: June 1, 1999
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