-----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, DY8O9A4USNsdSgNQ5ER4mUk5byz5o+2bKSSgktnrYXsrKJwvUYFyjmRzJT9WjDJT yMddR4eLtO6b+/80yyGN9g== 0001104659-04-027000.txt : 20040907 0001104659-04-027000.hdr.sgml : 20040906 20040907171910 ACCESSION NUMBER: 0001104659-04-027000 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040907 ITEM INFORMATION: Changes in Registrant.s Certifying Accountant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20040907 DATE AS OF CHANGE: 20040907 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HYPERFEED TECHNOLOGIES INC CENTRAL INDEX KEY: 0000745774 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES [6200] IRS NUMBER: 363131704 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11108 FILM NUMBER: 041019197 BUSINESS ADDRESS: STREET 1: 300 S WACKER DR STREET 2: STE 300 CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3129132848 MAIL ADDRESS: STREET 1: 300 SOUTH WACKER DR STREET 2: SUITE 300 CITY: CHICAGO STATE: IL ZIP: 60606 FORMER COMPANY: FORMER CONFORMED NAME: PC QUOTE INC DATE OF NAME CHANGE: 19920703 8-K 1 a04-10274_18k.htm 8-K

 

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):  September 7, 2004

 

 

HYPERFEED TECHNOLOGIES, INC.

(Exact name of registrant as specified in its charter)

 

Delaware

 

0-13093

 

36-3131704

(State or other jurisdiction
of incorporation)

 

(Commission
File Number)

 

(I.R.S Employer
Identification No.)

 

 

 

 

 

300 South Wacker Drive, Suite 300, Chicago, Illinois 60606

(Address of principal executive offices) (Zip Code)

 

 

 

 

 

(312) 913-2800

(Registrant’s telephone number, including area code)

 

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):

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

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))

 

 

 

Item 4.01.  Changes in Registrant’s Certifying Accountant.

 

In June of 2004, management of the Registrant and the audit committee of the board of directors of the Registrant (the “Audit Committee”) initiated a review and analysis of the Registrant’s requirements with respect to its independent accountants.  The Audit Committee received updates on the status of such review and analysis at its meetings on July 8, 2004 and August 2, 2004.  At its meeting on August 2, 2004, the Audit Committee determined to narrow its review to a single firm.  On August 31, 2004, KPMG LLP (“KPMG”) resigned as the Registrant’s principal accountants.  The Registrant is currently in discussions with an international independent accounting firm although there can be no assurance that these discussions will result in the retention of such firm for the fiscal year ending December 31, 2004.

 

KPMG’s reports on the Registrant’s consolidated financial statements for each of the years ended December 31, 2003 and December 31, 2002 did not contain an adverse opinion or a disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles, except that KPMG’s reports contained an explanatory paragraph relating to the adoption of Statement of Financial Accounting Standards No. 142, “Goodwill and Other Intangible Assets,” on January 1, 2002.

 

During the years ended December 31, 2003 and December 31, 2002 and through the date hereof, there were no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure which, if not resolved to KPMG’s satisfaction, would have caused it to make reference to the subject matter in connection with its report on the Registrant’s consolidated financial statements for such years. There were no reportable events as defined in Item 304(a)(1)(v) of Regulation S-K.

 

The Registrant has provided KPMG with a copy of the foregoing disclosures. A letter from KPMG addressed to the Securities and Exchange Commission in response to the disclosures set forth herein is included as Exhibit 16.1 to this Current Report on Form 8-K.

 

Item 9.01.  Financial Statements and Exhibits.

 

(c) Exhibits.

 

16.1                           Letter from KPMG LLP to the Securities and Exchange Commission, dated September 7, 2004.

 

2

 

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.

 

 

HYPERFEED TECHNOLOGIES, INC.

 

 

 

 

 

Date:  September 7, 2004

By

/s/ RANDALL J. FRAPART

 

 

 

Randall J. Frapart

 

 

Chief Financial Officer

 

3

 

EXHIBIT INDEX

 

Exhibit No.

 

Description

 

 

 

16.1

 

Letter from KPMG LLP to the Securities and Exchange Commission, dated September 7, 2004.

 

4

 EX-16.1 2 a04-10274_1ex16d1.htm EX-16.1

Exhibit 16.1

 

September 7, 2004

 

Securities and Exchange Commission

Washington, D.C. 20549

 

Ladies and Gentlemen:

 

We were previously principal accountants for HyperFeed Technologies, Inc. (HyperFeed or the Company), and under the date of March 4, 2004, we reported on the consolidated financial statements of the Company as of and for the years ended December 31, 2003 and 2002.  On August 31, 2004, we resigned.  We have read the Company’s statements included under Item 4.01 of its Form 8-K dated September 7, 2004, and we agree with such statements, except that we are not in a position to agree or disagree with HyperFeed’s statements that:

 

In June of 2004, management of the Registrant and the audit committee of the board of directors of the Registrant (the “Audit Committee”) initiated a review and analysis of the Registrant’s requirements with respect to its independent accountants.  The Audit Committee received updates on the status of such review and analysis at its meetings on July 8, 2004 and August 2, 2004.  At its meeting on August 2, 2004, the Audit Committee determined to narrow its review to a single firm.  The Registrant is currently in discussions with an international independent accounting firm although there can be no assurance that these discussions will result in the retention of such firm for the fiscal year ending December 31, 2004.

 

Very truly yours,

 

/s/ KPMG LLP

 

 

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