-----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, F4fhod+4czxvTd3Zq5zMIzydetliZCR8u0gwBY55SBaxptuc5HZCmJoj/v+DOWCn Xy2Darwe9RLTnKNS31TFdg== 0000950144-98-002921.txt : 19980319 0000950144-98-002921.hdr.sgml : 19980319 ACCESSION NUMBER: 0000950144-98-002921 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980311 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980318 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: PC411 INC CENTRAL INDEX KEY: 0001023994 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374] IRS NUMBER: 954463937 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-22563 FILM NUMBER: 98568206 BUSINESS ADDRESS: STREET 1: 57 STONE LEDGE DR CITY: GREENWICH STATE: CT ZIP: 06831 BUSINESS PHONE: 3106451114 MAIL ADDRESS: STREET 1: 57 STONE LEDGE DR CITY: GREENWICH STATE: CT ZIP: 06831 8-K 1 PC411, INC. FORM 8-K 3-11-98. 1 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): MARCH 11, 1998 PC411, INC. (Exact name of registrant as specified in its charter) DELAWARE (State or other jurisdiction of incorporation) 0001-22563 95-4463937 (Commission File Number) (I.R.S. Employer Identification No.) 9800 S. LA CIENEGA, BLVD., INGLEWOOD, CA 90301-4440 (Address of principal executive offices) (Zip Code) (310) 645-1114 (Registrant's telephone number, including area code) (NOT APPLICABLE) (Former name or former address, if changed since last report) 2 ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT. (a) On March 11, 1998, the Audit Committee of PC411, Inc. ("PC411") voted to: (i) dismiss the firm of KPMG Peat Marwick LLP ("KPMG"); and (ii) approve the engagement of the firm of Coopers & Lybrand LLP, as auditors for fiscal year 1997. (b) During the two most recent fiscal years and through March 11, 1998, there were no disagreements with KPMG 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 KPMG, would have caused KPMG to make reference to the subject matter of the disagreements in connection with its report. (c) The audit report of KPMG on the financial statements of PC411 as of and for the two fiscal years ended December 31, 1996 did not contain an adverse opinion or a disclaimer of opinion, nor was it qualified as to audit scope or accounting principles; however, such report did contain an explanatory paragraph stating that "the Company's losses from operations and deficit accumulated during the development stage raise substantial doubt about the entity's ability to continue as a going concern. Management's plans in regard to these matters are also described in Note 1. The financial statements do not include any adjustments that might result from the outcome of this uncertainty." (d) PC411 engaged Coopers & Lybrand LLP as its new independent accountants as of March 11, 1998. During the two most recent fiscal years and through March 11, 1998, PC411 has not consulted with Coopers & Lybrand LLP on items which (1) were or should have been subject to SAS 50 or (2) concerned the subject matter of a disagreement or reportable event with the former auditor (as described in Regulation S-K Item 304(a)(2)). (e) Pursuant to Item 304 of Regulation S-K, a letter from KPMG, dated March 18, 1998, is attached hereto as Exhibit 16. Item 7. Financial Statements, Pro Forma Financial Information and Exhibit. EXHIBIT INDEX Exhibit 16. Letter from KPMG Peat Marwick LLP, dated March 18, 1998. 3 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. PC411, INC. /s/ J. Bryant Kirkland III -------------------------------------- Date: March 18, 1998 J. Bryant Kirkland III Vice President, Chief Financial Officer and Treasurer EX-16 2 LETTER FROM KPMG PEAT MARWICK LLP. 1 EXHIBIT 16. LETTER FROM KPMG PEAT MARWICK LLP, DATED MARCH 18, 1998. March 18, 1998 Securities and Exchange Commission Washington, D.C. 20549 Ladies and Gentlemen: We were previously principal accountants for PC411, Inc. and, under the date of March 26, 1997, we reported on the financial statements of PC411, Inc. as of and for the years ended December 31, 1996 and 1995. On March 11, 1998 our appointment as principal accountants was terminated. We have read PC411's statements included under Item 4 of its Form 8-K dated March 18, 1998, and we agree with such statements, except that we are not in a position to agree or disagree with PC411's statement that the change was approved by the Audit Committee of the board of directors, and except that we are not in a position to agree or disagree with PC411's statement that Coopers & Lybrand LLP was not consulted regarding the application of accounting principles to a specified transaction or the type of audit opinion that might be rendered on PC411's financial statements. Very truly yours, KPMG PEAT MARWICK LLP -----END PRIVACY-ENHANCED MESSAGE-----