-----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, CqO34ksTYhsw0crsymmuLCyGUKg7aCAHhCDUrEfdtPgL6Jyi6hSVslU7vuVZCaIh 7AnQU+ybvJm19IalnXawFA== 0000794154-98-000001.txt : 19980122 0000794154-98-000001.hdr.sgml : 19980122 ACCESSION NUMBER: 0000794154-98-000001 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980113 ITEM INFORMATION: FILED AS OF DATE: 19980121 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: SEPRAGEN CORP CENTRAL INDEX KEY: 0000794154 STANDARD INDUSTRIAL CLASSIFICATION: TOTALIZING FLUID METERS & COUNTING DEVICES [3824] IRS NUMBER: 680073366 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-14068 FILM NUMBER: 98509641 BUSINESS ADDRESS: STREET 1: 30689 HUNTWOOD DRIVE CITY: HAYWARD STATE: CA ZIP: 94544 BUSINESS PHONE: 5106360707 8-K 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) January 13, 1998. SEPRAGEN CORPORATION (Exact name of registrant as specified in its charter) California 0-25726 68-0073366 (State or other (Commission (IRS Employer jurisdiction of File Number) Identification incorporation) No.) 30689 Huntwood Avenue Hayward, California 94544 (Address of principal executive office, zip code) Registrant's telephone number, including area code: (510) 476-0760 (Former name or former address, if changed since last report): N/A THIS IS PAGE 1 OF 5 PAGES Item 4 Changes in Registrant's Certifying Accountant (i) Effective January 13, 1998, Coopers & Lybrand LLP, was dismissed as independent accountants for Sepragen Corporation. (ii) Commencing with the audit report and the financial statements for the Company's fiscal year ended December 31, 1996, Coopers & Lybrand LLP's opinion on the financial condition of the Company was modified due to recurring losses and cash flow deficiencies from operations that raised substantial uncertainty as to the Company's ability to continue as a going concern, as more fully described in Note 1 to the Company's financial statements for such period. (iii) The decision to change the Company's independent accountants was approved by the Board of Directors of the Company. (iv) There have been and are no current disagreements with Coopers & Lybrand LLP on any matter of accounting principles or practices, financial statements disclosure, or auditing scope or procedure. Item 7 Financial Statements and Exhibits The following Exhibits are filed as part of this report. 16.1 Letter on Change in Certifying Accountant. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has caused this report to be signed on its behalf by the undersigned duly authorized. SEPRAGEN CORPORATION Date: January 20, 1998 By: /s/ Vinit Saxena Vinit Saxena, Chief Executive Officer, President, Principal Financial Officer and Chief Accounting Officer INDEX TO EXHIBITS Sequential No. Description Page No. 16.1 Letter on Change in Certifying Accountant 5 EX-16 2 COOPERS & LYBRAND L.L.P. 333 Market Street San Francisco, CA 94105-2119 January 20, 1998 Securities and Exchange Commission 450 5th Street, N.W. Washington, D.C. 20549 Gentlemen: We have read the statements made by Sepragen Corporation (copy attached), which we understand will be filed with the Commission, pursuant to Item 4 of Form 8-K, as part of the Company's Form 8-K report for the month of January 1998. We agree with the statements concerning our Firm in such Form 8-K. Very truly yours, /s/ Coopers & Lybrand L.L.P. -----END PRIVACY-ENHANCED MESSAGE-----