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): December 4, 2000
REGENCY AFFILIATES, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware 01-7949 72-0888772
(State Or Other (Commission (IRS Employer
Jurisdiction Of File Number) Identification No.)
Incorporation)
729 South Federal Highway
Suite 307
Stuart, Florida 34994
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (561) 220-7662
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Item 4. Change in Registrant's Certifying Accountant.
Regency Affiliates, Inc. (the "Company") has dismissed Hausser + Taylor LLP
as its independent certified accountant, and has engaged the firm of Rosenberg,
Rich, Baker & Berman as its independent certified accountants. Rosenberg, Rich
will undertake the audit of the company's financial statements for the fiscal
year ended December 31, 2000.
The change of accountants was pursuant to a bidding procedure undertaken by
the Audit Committee of the Board of Directors. The decision to change
accountants to Rosenberg Rich was recommended by the Audit Committee to the full
Board of Directors following such procedure, with the full Board approving the
change of accountants at its December 4, 2000 meeting.
Management represents as follows: (a) There have been no disputes between
management and Hausser + Taylor and their reports have not contained an adverse
opinion or disclaimer of opinion, and were not qualified or modified as to
uncertainty, audit scope, or accounting principles; (b) during the Company's two
most recent fiscal years and any subsequent interim period, there were no
disagreements with Hausser + Taylor on any matter of accounting principles or
practices, financial statement disclose, or auditing scope or procedure; and (c)
Hausser + Taylor expressed no disagreement or difference of opinion regarding
any "reportable" event as that term is defined in Item 304(a)(1)(v) of
Regulation S-K.
In addition, during the Company's two most recent fiscal years and any
subsequent interim period, Hausser + Taylor has not advised the Company that:
(a) the internal controls necessary to develop reliable financial statements did
not exist; (b) information had come to the attention of Hausser + Taylor which
made it unwilling to rely on management's representation, or unwilling to be
associated with the financial statements prepared by management; (c) the scope
of the audit should have been expanded significantly; or (d) information had
come to Hausser + Taylor's attention that it had concluded would, or if further
investigated might have, materially impacted the fairness or reliability of a
previously issued audit report or the underlying financial statements, or the
financial statements issued or to be issued covering the fiscal period(s)
subsequent to the date of the most recent audited financial statements,
including information that might have precluded the issuance of an unqualified
audit report, and the issue had not been resolved to Hausser + Taylor's
satisfaction.
The Company requested, and Hausser + Taylor has furnished, a letter
addressed to the Securities and Exchange Commission stating that Hausser +
Taylor agrees with the above statements that pertain to Hausser + Taylor. A copy
of such letter, dated December 28, 2000, is filed as Exhibit 16.1 to this Form
8-K.
Item 7. Financial Statements, Pro Forma Financial Statements and Exhibits.
(c) Exhibits
16.1 Letter dated December 28, 2000 from Hausser + Taylor LLP
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SIGNATURE
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.
REGENCY AFFILIATES, INC.
By /s/Jackie Teske, Secretary
________________________________
Jackie Teske, Secretary
Date: January 5, 2001
<PAGE>
EXHIBIT
December 28. 2000
Securities & Exchange Commission
450 Fifth Street N.W.
Washington, D.C. 20549
Gentlemen:
We have read the statements made by Regency Affiliates, Inc., which were filed
with the Commission, pursuant to Item 4 of Form 8-K, as part of the Company's
Form 8-K report dated December 4, 2000. We agree with the statements concerning
our Firm in such Form 8-K.
Very truly yours,
Hausser & Taylor LLP\
