-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WWQGzjYpLJXdkBgkdTKkkXo1qwfWcyXZX38QnUMWmJbm+UpcFH27GUC2QNM7OT5z Xd5g5fSJpABAM0XRI5c5AQ== 0000102198-03-000018.txt : 20031007 0000102198-03-000018.hdr.sgml : 20031007 20031007170404 ACCESSION NUMBER: 0000102198-03-000018 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20030902 ITEM INFORMATION: Changes in registrant's certifying accountant ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031007 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COMPETITIVE TECHNOLOGIES INC CENTRAL INDEX KEY: 0000102198 STANDARD INDUSTRIAL CLASSIFICATION: PATENT OWNERS & LESSORS [6794] IRS NUMBER: 362664428 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-08696 FILM NUMBER: 03931924 BUSINESS ADDRESS: STREET 1: 1960 BRONSON ROAD STREET 2: BUILDING 1 CITY: FAIRFIELD STATE: CT ZIP: 06824 BUSINESS PHONE: 2032556044 MAIL ADDRESS: STREET 1: 1960 BRONSON ROAD STREET 2: BUILDING 1 CITY: FAIRFIELD STATE: CT ZIP: 06824 FORMER COMPANY: FORMER CONFORMED NAME: UNIVERSITY PATENTS INC DATE OF NAME CHANGE: 19920703 8-K/A 1 f8kapwc3.txt FORM 8-K/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K/A AMENDMENT NO. 3 AMENDMENT TO CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) September 2, 2003 COMPETITIVE TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) Delaware 1-8696 36-2664428 (State or other (Commission File (IRS Employer jurisdiction Number) Identification No.) of incorporation) 1960 Bronson Road, Fairfield, Connecticut 06824 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (203) 255-6044 Not Applicable (Former Name or Former Address, if Changed Since Last Report) Item 4. Changes in Registrant's Certifying Accountant. The Audit Committee of Competitive Technologies, Inc. ("the Company") has recommended and its Board of Directors has approved selection of BDO Seidman, LLP to replace PricewaterhouseCoopers LLP as the Company's independent accountant. In that connection, the Audit Committee recommended and the Board of Directors had approved dismissal of PricewaterhouseCoopers LLP as the Company's independent accountant contingent upon BDO Seidman, LLP's acceptance of its engagement and execution of a satisfactory engagement letter. On September 2, 2003, PricewaterhouseCoopers LLP notified the Company that it viewed its dismissal to have occurred. A copy of PricewaterhouseCoopers LLP's September 2, 2003 letter is attached hereto as Exhibit 16.1. Accordingly, as of September 2, 2003, PricewaterhouseCoopers LLP was dismissed as the Company's auditor. It is the Company's understanding that PricewaterhouseCoopers LLP views its dismissal to have occurred on August 25, 2003. However, the Company disagrees with PricewaterhouseCoopers LLP's opinion as to the date of their dismissal, which was not intended to occur until the retention of new auditors was completed on September 16, 2003. But, the Company accepts that September 2, 2003 may be viewed as the dismissal date of PricewaterhouseCoopers LLP. The reports of PricewaterhouseCoopers LLP on the Company's consolidated financial statements for the fiscal years ended July 31, 2002 and 2001 contained no adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles. During the fiscal years ended July 31, 2002 and 2001, and through September 2, 2003, there was no disagreement with PricewaterhouseCoopers LLP on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreement, if not resolved to the satisfaction of PricewaterhouseCoopers LLP, would have caused them to make reference thereto in their report on the consolidated financial statements for such years. During the fiscal years ended July 31, 2002 and 2001, and through September 2, 2003, there were no reportable events as defined in Item 304(a)(1)(v) of Regulation S-K. The Company has provided PricewaterhouseCoopers LLP a copy of the above statements and requested that PricewaterhouseCoopers LLP furnish it with a letter addressed to the SEC stating whether or not it agrees with the above statements. A copy of PricewaterhouseCoopers LLP's letter in response to that request is attached hereto as Exhibit 16.2. Item 7. Financial Statements and Exhibits. (c) Exhibits. Exhibit No. Description of Exhibit Page 16.1 Letter from PricewaterhouseCoopers dated September 2, 2003, regarding change in certifying accountant 4 16.2 Letter from PricewaterhouseCoopers dated October 6, 2003, regarding change in certifying accountant 5 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. COMPETITIVE TECHNOLOGIES, INC. Registrant Date: October 7, 2003 /s/ John B. Nano By: John B. Nano President and Chief Executive Officer EX-16.1 4 ex16-1.txt LETTER TO JMW SEPT. 2 FROM PWC PRICEWATERHOUSECOOPERS Exhibit 16.1 PricewaterhouseCoopers LLP 300 Atlantic Street Stamford CT 06901 Telephone (203) 539-3000 Facsimile (817) 207-3999 September 2, 2003 Ms. Jeanne Wendschuh Controller Competitive Technologies, Inc. 1960 Bronson Road Building 1 Fairfield, CT 06824 Dear Ms. Wendschuh: This is to confirm that the client-auditor relationship between Competitive Technologies, Inc. (Commission File Number 1-8696) and PricewaterhouseCoopers LLP has ceased. Very truly yours, s/PricewaterhouseCoopers LLP PricewaterhouseCoopers LLP cc: Chief Accountant SECPS Letter File, Mail Stop 11-3 Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549 EX-16.2 5 ex16-2.txt LETTER TO SEC OCT. 6 FROM PWC PRICEWATERHOUSECOOPERS Exhibit 16.2 PricewaterhouseCoopers LLP 300 Atlantic Street P.O. Box 9316 Stamford CT 06904-9316 Telephone (203) 539-3000 Facsimile (203) 539-3001 October 6, 2003 Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549 Commissioners: We have read the statements made by Competitive Technologies, Inc. ("CTI") (copy attached), which we understand was filed with the Commission, pursuant to Item 4 of Form 8-K, as part of CTI's Form 8-K/A Amendment No. 2 report dated September 2, 2003. With respect to the statements concerning PricewaterhouseCoopers LLP, we make the following observations: In the first paragraph, we do not agree with the date upon which our Firm ceased to serve as CTI's independent accountant. On August 25, 2003, we received notification from CTI that we had been dismissed as CTI's independent accountant. In the second paragraph, other than with respect to the August 25, 2003 date, PricewaterhouseCoopers LLP makes no comment whatsoever on any other statements included in this paragraph. In the fourth and fifth paragraphs regarding disagreements and reportable events, respectively, based on the date of our dismissal, as discussed above, we believe the September 2, 2003 date should be August 25, 2003. Very truly yours, s/PricewaterhouseCoopers LLP PricewaterhouseCoopers LLP -----END PRIVACY-ENHANCED MESSAGE-----