-----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, IkhlKa/+yDhlcfiW+SYrwkXAoojVNPBo8DOyZ/k+yOGVZWzVBYlOiQfhR+SKajdX gNqMS54BZuZ0bWbMXICykA== 0001140361-06-005944.txt : 20060418 0001140361-06-005944.hdr.sgml : 20060418 20060418134254 ACCESSION NUMBER: 0001140361-06-005944 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20060413 ITEM INFORMATION: Changes in Registrant.s Certifying Accountant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060418 DATE AS OF CHANGE: 20060418 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ELECTRONIC CLEARING HOUSE INC CENTRAL INDEX KEY: 0000721773 STANDARD INDUSTRIAL CLASSIFICATION: FUNCTIONS RELATED TO DEPOSITORY BANKING, NEC [6099] IRS NUMBER: 930946274 STATE OF INCORPORATION: NV FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-15245 FILM NUMBER: 06764317 BUSINESS ADDRESS: STREET 1: 28001 DOROTHY DR CITY: AGOURA HILLS STATE: CA ZIP: 91301-2697 BUSINESS PHONE: 8187068999 MAIL ADDRESS: STREET 1: 28001 DOROTHY DRIVE CITY: AGOURA HILLS STATE: CA ZIP: 91301 FORMER COMPANY: FORMER CONFORMED NAME: BIO RECOVERY TECHNOLOGY INC DATE OF NAME CHANGE: 19860122 8-K 1 form8-k.htm ELECTRONIC CLEARING HOUSE 8-K 04-13-2006 Electronic Clearing House 8-K 04-13-2006


UNITED STATES
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)
 
April 13, 2006
 
____________________________
 
Electronic Clearing House, Inc.
(Exact name of registrant as specified in charter)
 
Nevada
(State or other Jurisdiction of Incorporation or Organization)
 

0-15245
 
93-0946274
(Commission File Number) 
 
(IRS Employer Identification No.) 
 
730 Paseo Camarillo,
Camarillo, California
93010
 
 
(Address of Principal Executive Offices and zip code)
 
     
 
(805) 419-8700
 
 
(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 registrant under any of the following provisions:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))





Section 4
Matters Related to Accountants and Financial Statements

Item 4.01
Changes in Registrant's Certifying Accountant.

(a) Dismissal of Independent Registered Public Accounting Firm

On April 13, 2006, the Audit Committee of the Board of Directors of Electronic Clearing House, Inc. (the "Company") approved the dismissal of PricewaterhouseCoopers LLP ("PwC") as its independent registered public accounting firm. PwC's reports on the Company's financial statements for the fiscal years ended September 30, 2005 and 2004 did not contain an adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope, or accounting principle.

During the fiscal years ended September 30, 2005 and 2004, and through April 13, 2006, there were no disagreements with PwC on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to PwC's satisfaction, would have caused PwC to make reference thereto in its reports on the financial statements for such years.

During the years ended September 30, 2005 and 2004, and through April 13, 2006, there were no reportable events as described in Item 304(a)(l)(v) of Regulation S-K.

The Company provided PwC with a copy of the above disclosures and requested PwC to furnish a letter addressed to the Securities and Exchange Commission stating whether or not it agrees with the above statements. Attached as Exhibit 16.1, and incorporated herein by reference, is a copy of the PwC letter to the Securities and Exchange Commission.

(b) Engagement of Independent Registered Public Accounting Firm

Effective April 14, 2006, the Audit Committee of the Board of Directors of the Company approved the engagement of BDO Seidman, LLP ("BDO") as the Company's new independent registered public accounting firm. During the fiscal years ended September 30, 2005 and 2004 and through April 14, 2006, neither the Company nor anyone acting on its behalf consulted with BDO regarding either: (i) the application of accounting principles to a specific transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company's financial statements; or (ii) any matter that was the subject of a disagreement or event identified in response to Item 304(a)(1)(iv) of Regulation S-K and the related instructions to that Item.



Section 9
Financial Statements and Exhibits

Item 9.01
Financial Statements and Exhibits.
 
 
(a)
Not applicable
 
(b)
Not applicable
 
(c)
Not applicable
 
(d)
Exhibits

 
16.1
Letter from PricewaterhouseCoopers LLP to Securities and Exchange Commission dated April 13, 2006.

 
99.1
Press Release issued by the Registrant on April 18, 2006.
 


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.


 
 
ELECTRONIC CLEARING HOUSE, INC.
 
   
(Registrant)
 
       
       
       
 
By:
/s/Alice Cheung
 
   
Alice L. Cheung, Treasurer & Chief Financial Officer
 
       
       
       
Dated: April 18, 2006
     
 

 
  EXHIBIT INDEX
   
Exhibit Number
Description
   
Letter from PricewaterhouseCoopers LLP to Securities and Exchange Commission dated April 13, 2006.
   
Press Release issued by the Registrant on April 18, 2006.
 
 

EX-16.1 2 ex16_1.htm EXHIBIT 16.1 Exhibit 16.1


EXHIBIT 16.1
 


April 13, 2006

Securities and Exchange Commission
100 F Street, N.E.
Washington, DC 20549

Commissioners:

We have read the statements made by Electronic Clearing House, Inc. (copy attached), which we understand will be filed with the Securities and Exchange Commission, pursuant to Item 4.01 of Form 8-K, as part of the Form 8-K of Electronic Clearing House, Inc. dated April 13, 2006. We agree with the statements concerning our Firm in such Form 8-K.


Very truly yours,



PricewaterhouseCoopers LLP
 

EX-99.1 3 ex99_1.htm EXHIBIT 99.1 Exhibit 99.1

EXHIBIT 99.1

 
FOR IMMEDIATE RELEASE

Electronic Clearing House (ECHO) Announces Change of Public Accounting Firm
 
 
Camarillo, Calif., April 18, 2006 - Electronic Clearing House, Inc. (NASDAQ: ECHO), a leading provider of electronic payment and transaction processing services, announced today that it has appointed BDO Seidman LLP as its new independent registered public accounting firm, effective as of April 14, 2006. BDO Seidman LLP replaces PricewaterhouseCoopers LLP, which served as the Company's audit firm since 1984. The Audit Committee made the decision after a thorough evaluation process, which included a review of other national firms.
 
The decision to change accountants was not the result of any disagreements between the Company and PricewaterhouseCoopers LLP on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures. The letter from PricewaterhouseCoopers LLP agreeing with these statements is being filed today with the Company's Form 8-K related to this announcement.
 
Joel M. Barry, the Chairman and Chief Executive Officer of the Company, stated, "We appreciate the high level of service provided by PricewaterhouseCoopers LLP to ECHO over the past years. However, we believe a change in accounting firms is in the best interest of our stockholders and look forward to our new relationship with BDO Seidman LLP."

About Electronic Clearing House, Inc. (ECHO)
ECHO (www.echo-inc.com) provides a complete solution to the payment processing needs of merchants, banks and collection agencies. ECHO's services include debit and credit card processing, check guarantee, check verification, check conversion, check re-presentment, and check collection.

Contact:
 
Donna Rehman, Corporate Secretary
Erin Cox
(800) 262-3246, ext. 8533
(310) 854-8319
Electronic Clearing House, Inc.
Financial Relations Board
URL:http://www.echo-inc.com
E-MAIL: ecox@financialrelationsboard.com
E-MAIL:corp@echo-inc.com
 
 
# # #
 

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