-----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, M09NIRlmJAmpmp5I9UZo/PktoTX78RMQwQD+OcAmDka4SL/D26IGURgKQbFo+3SP kwrf+ab/EMB6b2yJ6RKouQ== 0000908662-04-000122.txt : 20040528 0000908662-04-000122.hdr.sgml : 20040528 20040528135809 ACCESSION NUMBER: 0000908662-04-000122 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040524 ITEM INFORMATION: Changes in registrant's certifying accountant ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040528 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MICROFINANCIAL INC CENTRAL INDEX KEY: 0000827230 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS BUSINESS CREDIT INSTITUTION [6159] IRS NUMBER: 042962824 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14771 FILM NUMBER: 04837868 BUSINESS ADDRESS: STREET 1: 10 M COMMERCE WAY CITY: WOBURN STATE: MA ZIP: 01801 BUSINESS PHONE: 7819944800 MAIL ADDRESS: STREET 1: 10 M COMMERCE WAY CITY: WOBURN STATE: MA ZIP: 01801 FORMER COMPANY: FORMER CONFORMED NAME: BOYLE LEASING TECHNOLOGIES INC DATE OF NAME CHANGE: 19980605 8-K 1 form_8-k.txt FORM 8-K DATED 5/24/04 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (date of earliest event reported): May 24, 2004 -------------------------------------------------------------- MICROFINANCIAL INCORPORATED --------------------------- (Exact name of registrant as specified in its charter) MASSACHUSETTS ------------- (State or other jurisdiction of incorporation) 1-14771 04-2962824 ---------------------------------------------------- (Commission file number) (IRS Employer Identification Number) 10-M Commerce Way, Woburn, MA 01801 ----------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: 781-994-4800 ---------------------------------------------------------------- N/A --- (Former name or former address, if changed since last report) Item 4. Change in Registrant's Certifying Accountants. (a) Previous independent accountants (i) Effective May 24, 2004, MicroFinancial Incorporated (the "Registrant") dismissed Deloitte & Touche LLP ("Deloitte") as its independent accountants. (ii) The reports of Deloitte on the Registrant's financial statements for the fiscal years ended December 31, 2003 and 2002 did not contain an adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles. (iii) The Audit Committee of the Board of Directors of the Registrant approved the decision to change independent accountants. (iv) During the fiscal years ended December 31, 2003 and 2002, and through May 24, 2004, there were no disagreements with Deloitte on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure which, if not resolved to the satisfaction of Deloitte, would have caused Deloitte to make reference to the subject matter of the disagreement(s) in its reports on the financial statements for such years. (v) During the fiscal years ended December 31, 2003 and 2002, and through May 24, 2004, there were no reportable events (as defined in Item 304 (a)(1)(v) of Regulation S-K). (vi) The Registrant has provided a copy of the foregoing disclosure to Deloitte and has requested Deloitte furnish the Registrant with a letter addressed to the Securities and Exchange Commission stating whether or not it agrees with the above statements. A copy of the letter from Deloitte dated May 28, 2004 is filed as Exhibit 16.1 to this Form 8-K. (b) New independent accountants Effective May 24, 2004, the Registrant engaged as its new independent accountants Vitale, Caturano & Co. ("Vitale"). The Registrant has not consulted Vitale during the fiscal years ending December 31, 2003 and 2002, or through May 24, 2004, with regard to either (i) the application of accounting principles to a specified transaction, either completed or proposed; or the type of audit opinion that might be rendered on the Registrant's financial statements; or (ii) any matter that was either the subject of a disagreement (as defined in Item 304 (a)(i)(iv) of Regulation S-K) or a reportable event (as defined in Item 304 (a)(1)(v) of Regulation S-K). Item 7. Financial Statements and Exhibits (c) Exhibits - -------------------------------------------------------------------------------- Exhibit Exhibit Title Exhibit 16.1 Letter from Deloitte & Touche LLP to the Securities and Exchange Commission dated May 28, 2004. SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MICROFINANCIAL INCORPORATED Registrant By: /s/ James Jackson ----------------------------------------- James Jackson Vice President and Chief Financial Officer Dated: May 28, 2004 EX-16 2 exh_16.txt EXHIBIT 16.1 Exhibit 16.1 [Letterhead of Deloitte & Touche LLP] May 28, 2004 Securities and Exchange Commission Mail Stop 11-3 450 5th Street, N.W. Washington, D.C. 20549 Dear Sirs/Madams: We have read Item 4 of MicroFinancial Incorporated's Form 8-K dated May 28, 2004, and have the following comments: 1. We agree with the statements made in the Item 4 (a)(i), (ii), (iv), (v), (vi). 2. We have no basis on which to agree or disagree with the statements made in the Item 4(a)(iii) and Item 4 (b). Yours truly, Deloitte & Touche LLP Boston, Massachusetts -----END PRIVACY-ENHANCED MESSAGE-----