-----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, HoecyswlPqbWYVUmw3ZzJxw0j315LUmmfcDTp0rib1RfzSW6KvRB+JZXLrZlgMLZ RyB7Q4rDYwO9N5oc4fH7XQ== 0000872202-04-000012.txt : 20040701 0000872202-04-000012.hdr.sgml : 20040701 20040701112150 ACCESSION NUMBER: 0000872202-04-000012 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040621 ITEM INFORMATION: Changes in registrant's certifying accountant FILED AS OF DATE: 20040701 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AVALON CORRECTIONAL SERVICES INC CENTRAL INDEX KEY: 0000872202 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-FACILITIES SUPPORT MANAGEMENT SERVICES [8744] IRS NUMBER: 133592263 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-20307 FILM NUMBER: 04893551 BUSINESS ADDRESS: STREET 1: 13401 RAILWAY DR CITY: OKLAHOMA CITY STATE: OK ZIP: 73114 BUSINESS PHONE: 4057528802 MAIL ADDRESS: STREET 1: 13401 RAILWAY DRIVE CITY: OKLAHOMA CITY STATE: OK ZIP: 73114 FORMER COMPANY: FORMER CONFORMED NAME: AVALON COMMUNITY SERVICES INC DATE OF NAME CHANGE: 19930328 FORMER COMPANY: FORMER CONFORMED NAME: AVALON ENTERPRISES INC DATE OF NAME CHANGE: 19600201 8-K/A 1 ka8604.txt FORM 8-K/A FOR JUNE 21, 2004 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 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) June 21, 2004 -------------------------------------------------- Avalon Correctional Services, Inc. ------------------------------------------------------ (Exact name of Registrant as specified in its Charter) Nevada 0-20307 13-3592263 - ------------------------------------------------------------------------------ (State or other jurisdiction (Commission File No.) (IRS Employer of incorporation) Identification No.) 13401 Railway Drive, Oklahoma City, OK 73114 ----------------------------------------------------- (Address of principal executive offices) (Zip Code) 405-752-8802 ----------------------------------------------------- (Registrant's telephone number, including area code) 1 INFORMATION TO BE INCLUDED IN THE REPORT Item 4. Changes in the Registrant's Certifying Accountant. The Audit Committee of the Board of Directors of Avalon Correctional Services, Inc. (the "Company") determined on June 21, 2004 to appoint Cole & Reed, P.C., ("Cole & Reed") to serve as the Company's independent auditors for the fiscal year ending December 31, 2004. Grant Thornton LLP ("Grant Thornton") served as the Company's independent auditors for the fiscal years ended December 31, 2003 and 2002. On June 21, 2004, the Audit Committee approved the dismissal of Grant Thornton as the Company's independent auditors. Grant Thornton's audit reports on the Company's consolidated financial statements as of and for each of the years ended December 31, 2003 and 2002 did not contain an adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles except that the 2002 report did contain an explanatory paragraph relating to the restatement of the 2002 consolidated financial statements to amortize contract intangibles in accordance with SFAS No. 142. In connection with the audits of the two fiscal years ended December 31, 2003 and 2002, and the subsequent interim period through June 21, 2004, there were no disagreements with Grant Thornton on any matter of accounting principle or practice, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of Grant Thornton, would have caused Grant Thornton to make reference to the subject matter of the disagreements in connection with Grant Thornton's reports on the Company's consolidated financial statements. There were no reportable events as defined in Item 304(a)(1)(v) of Regulation S-K (each a "Reportable Event") during the years ended December 31, 2003 and 2002 and through the date hereof. The Company provided Grant Thornton with a copy of the foregoing disclosures. The Company requested that Grant Thornton provide its response letter, addressed to the Securities and Exchange Commission, stating whether it agreed with the statements made by the Company in response to Item 304(a) of Regulation S-K and, if not, stating the aspect in which it does not agree. Attached as Exhibit 16.1 is a copy of Grant Thornton's letter, dated June 30, 2004. During the years ended December 31, 2003 and 2002 and through the date hereof, the Company did not consult Cole & Reed with respect to (i) the application of accounting principles to any specific transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company's financial statements, nor was any written or oral advice provided that Cole & Reed concluded was an important factor considered by the Company in reaching a decision as to an accounting, auditing or financial reporting issue or (ii) any matter which was either the subject of a disagreement with Grant Thornton, the prior certifying accountant, or a Reportable Event. 2 Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (c) Exhibits. Exhibit 16.1 Letter from Grant Thornton LLP dated June 30, 2004 (filed herewith). 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, thereunto duly authorized. AVALON CORRECTIONAL SERVICES, INC. s// Donald E. Smith DONALD E. SMITH Chairman of the Board and Chief Executive Officer Dated: June 30, 2004 3 Exhibit 16.1 to Form 8-K June 30, 2004 Securities and Exchange Commission Washington, D.C. 20549 Re: Avalon Correctional Services, Inc. File No. 0-20307 Dear Sir or Madam: We have read Item 4 of the Form 8-K/A of Avalon Correctional Services, Inc. dated June 21, 2004, and agree with the statements concerning our Firm contained therein. Very truly yours, GRANT THORNTON LLP 4 -----END PRIVACY-ENHANCED MESSAGE-----