-----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, M8vYzT+jyaAdJMKHn/6rV3+7D518Dgrvg0GOGKREoXgxtGZBHn3OuV/LEQgBqwOp tuQpQ8yE9KT5RjZBWGLMNQ== 0001170918-05-000115.txt : 20050316 0001170918-05-000115.hdr.sgml : 20050316 20050315193752 ACCESSION NUMBER: 0001170918-05-000115 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050311 ITEM INFORMATION: Changes in Registrant.s Certifying Accountant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050316 DATE AS OF CHANGE: 20050315 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTERPLAY ENTERTAINMENT CORP CENTRAL INDEX KEY: 0001057232 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 330102707 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-24363 FILM NUMBER: 05683114 BUSINESS ADDRESS: STREET 1: 16815 VON KARMAN AVE CITY: IRVINE STATE: CA ZIP: 92606 BUSINESS PHONE: 9495536655 MAIL ADDRESS: STREET 1: 16815 VON KARMAN AVE CITY: IRVINE STATE: CA ZIP: 92606 8-K/A 1 fm8ka-031105.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K/A 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, 2005 INTERPLAY ENTERTAINMENT CORPORATION - -------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in Its Charter) DELAWARE - -------------------------------------------------------------------------------- (State or Other Jurisdiction of Incorporation) 0-24363 33-0102707 - -------------------------------------------------------------------------------- (Commission File Number) (IRS Employer Identification No.) 1682 LANGLEY AVENUE, IRVINE, CALIFORNIA 92619 - -------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) (310) 432 1958 - -------------------------------------------------------------------------------- (Registrant's Telephone Number, Including Area Code) N/A - -------------------------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (SEE General Instruction A.2. below): |_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange ct (17 CFR 240.14d-2(B)) |_| Pre-commencement communications pursuant to Rule 13e-4(c)) under the Exchange Act (17 CFR 240.13e-4c)) 4.01. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT. On March 11, 2005, Interplay Entertainment Corp. (the "Company") was informed by Squar, Milner, Reehl & Williamson, LLP ("Squar Milner") that Squar Milner was resigning as the Company's independent registered public accounting firm. Pursuant to Item 304(a) Regulation S-K under the Securities Act of 1933, as amended, and under the Securities Exchange Act of 1934, as amended, the Company reports as follows: (a) (i) Squar Milner informed the Company's Audit committee on March 10, 2005 of their intention to resign as the Company's independent registered public accounting firm as of February 8, 2005. (ii) During the years ended December 31, 2002 and 2003, the Company's consolidated financial statements did not contain any adverse opinion or disclaimers of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principles, other than an explanatory paragraph regarding an uncertainty as to the Company's ability to continue as a going concern. (iii) The resignation of Squar Milner was accepted and approved by the Company's audit committee of the Board of Directors on March 11, 2005. (iv) During the years ended December 31, 2002 and 2003, and through March 11, 2005, there were no disagreements with Squar Milner on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure which, if not resolved to Squar Milner's satisfaction, would have caused them to make reference to the subject matter of such disagreements in connection with their report on the Company's consolidated financial statements for the years ended December 31, 2003 or 2002. (v) During the years ended December 31, 2002 and 2003 and through March 11, 2005, there have been no reportable events (as defined in Regulation S-K Item 304(a)(1)(v)), except as follows: In a letter to the Company dated February 8, 2005, but received by the company on February 28, 2005, Squar Milner noted a material weakness in the Company's internal control over financial reporting during their interim review of the Company's unaudited consolidated financial statements as of September 30, 2004 and for the quarter then ended included in the Company's September 30, 2004 Form 10-Q, filed with the Securities and Exchange Commission on December 22, 2004. In such letter, Squar Milner cites the following: MATERIAL WEAKNESS - LACK OF SUFFICIENT ACCOUNTING DEPARTMENT PERSONNEL We noted that the Company began losing most of its personnel beginning in June 2004 through layoffs and resignations. Well before September 30, 2004, substantially all accounting department personnel, except for the controller, had departed the Company. Additionally, most other Company 2 personnel that the Company's accounting department interacts with to provide information necessary to produce timely and accurate financial statements had also departed the Company well before September 30, 2004. While we were able to overcome this internal control deficiency in order to complete our interim review, we believe that this internal control deficiency rises to the level of a material weakness in the financial reporting process for the Company. (b) The Company has not yet retained a new independent registered public accounting firm. (c) Attached hereto as Exhibit 16.1 is Squar Milner's letter confirming certain disclosures made in this amendment to Form 8-K. ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS. (c) Exhibits. The following exhibit is filed herewith: EXHIBIT NUMBER DESCRIPTION ------- ----------- 16.1 Letter of Squar Milner, dated March 15, 2005. 3 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. INTERPLAY ENTERTAINMENT CORP. DATE: MARCH 15, 2005 BY: /S/ HERVE CAEN ------------------------ HERVE CAEN, CEO 4 EX-16 2 ex16-1.txt EX-16.1 EXHIBIT 16.1 March 15, 2005 Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549 Re: Interplay Entertainment Corp. Commission File No. 0-24363 We have read the statements that we understand Interplay Entertainment Corp. will include in Item 4.01 of the Form 8-K report it will file regarding the recent change of independent registered public accounting firm. We agree with such statements made insofar as they relate to Squar Milner, except for the following: Squar Milner resigned on February 8, 2005 as evidenced by a formal resignation letter sent to the Company's Board of Directors on such date via email and U.S. mail. Additionally, Squar Milner properly notified the Securities and Exchange Commission five days later on February 13, 2005 of such resignation. The Chairman of the Company's audit committee requested a meeting held on March 10, 2005 to discuss such resignation and the material weakness reportable event matter and such meeting did not constitute a new resignation date. With respect to item 4.01 (a) (i) of the aforementioned Form 8-K, we disagree with such statement in its entirety. As stated above, such resignation took place on February 8, 2005. With respect to items 4.01 (a) (iv) and (v) of the aforementioned Form 8-K, we disagree with the date of March 11, 2005 and such date should be the date of our resignation on February 8, 2005. We have no basis to agree or disagree with any other statement made in Item 4.01 of such Form 8-K report. Sincerely, /S/ SQUAR, MILNER, REEHL & WILLIAMSON, LLP - ------------------------------------------ Squar, Milner, Reehl & Williamson, LLP Newport Beach, California -----END PRIVACY-ENHANCED MESSAGE-----