-----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, KYOB8ZT1O5bpjyur6ZhQroZG/46XnHjpBTVzbUP4/pPiaQ4dsL/OM+wJFzEa/7y/ lCtRFGcCCxrVCdyWQA/5fg== 0000897101-02-000612.txt : 20020826 0000897101-02-000612.hdr.sgml : 20020826 20020826155423 ACCESSION NUMBER: 0000897101-02-000612 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20020627 ITEM INFORMATION: Changes in registrant's certifying accountant ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020826 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DEVELOPED TECHNOLOGY RESOURCE INC CENTRAL INDEX KEY: 0000890725 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-ELECTRICAL APPARATUS & EQUIPMENT, WIRING SUPPLIES [5063] IRS NUMBER: 411713474 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-21394 FILM NUMBER: 02748373 BUSINESS ADDRESS: STREET 1: 7300 METRO BLVD SUITE 550 STREET 2: SUITE 550 CITY: EDNA STATE: MN ZIP: 55439 BUSINESS PHONE: 9528200022 MAIL ADDRESS: STREET 1: 7300 METRO BLVD STREET 2: SUITE 550 CITY: EDNA STATE: MN ZIP: 55439 8-K/A 1 developed024164_8ka.txt DEVELOPED TECHNOLOGY RESOURCE, INC. FORM 8-K/A -------------------------- OMB APPROVAL -------------------------- OMB Number: 3235-0060 -------------------------- Expires: March 31, 2003 -------------------------- Estimated average burden hours per response: 1.25 -------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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 27, 2002 DEVELOPED TECHNOLOGY RESOURCE, INC. ----------------------------------- (Exact Name of registrant as specified in its chapter) MINNESOTA 0-21394 41-1713474 - --------- ------------------ ----------- (State or other jurisdiction (Commission File Number) (IRS employer of Incorporation) Identification No.) 5223 INDUSTRIAL BOULEVARD, EDINA, MINNESOTA 55439 ------------------------------------------------- (Address of principal executive offices & Zip Code) (952) 820-0022 -------------- Registrant's telephone number, including area code N/A ---------- (Former name or former address, if changed since last report) ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT. On June 27, 2002, KPMG LLP, the principal independent accountants previously engaged by Developed Technology Resource, Inc. (the "Company") to conduct an audit of its accounts for more than the past two years, resigned as the Company's auditors. The resignation of KPMG LLP was not sought, recommended or approved by the Audit Committee or Board of Directors of the Company. In connection with the audits of the two fiscal years ended December 31, 2001, and the subsequent interim period through June 27, 2002, (i) there were no disagreements with KPMG LLP on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreements if not resolved to their satisfaction would have caused them to make reference with their opinion to the subject matter of the disagreement, and (ii) there were no reportable events, as defined in Item 304(a)(1)(v) of Regulation S-K of the U.S. Securities and Exchange Commission (the "Commission"). The audit reports of KPMG LLP on the consolidated financial statements of Developed Technology Resource, Inc. as of and for the years ended December 31, 2001 and 2000, did not contain any adverse or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles, except as follows: KPMG LLP's independent auditors' report on the consolidated financial statements for the Company as of and for the year ended December 31, 2000, contained a separate paragraph stating that " the Company has a shareholders' deficit and has suffered recurring losses from operations that raise substantial doubt about its ability to continue as a going concern. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty." Management's plans in regard to these matters are described in Note 2 to the Company's financial statements included in the Company's annual report on form 10-KSB for the year ended December 31, 2000. The Company has furnished KPMG LLP with a copy of this Form 8-K/A and has requested that KPMG LLP furnish it with a letter addressed to the Commission stating whether it agrees with the above statements. A copy of KPMG LLP's letter to the Commission, dated June 27, 2002, is filed as Exhibit 16.1 to this Form 8-K/A. On August 12, 2002, Developed Technology Resource, Inc. ("DTR") engaged Gallogly, Fernandez and Riley, LLP ("GFR"), with offices in Orlando, Florida, to audit DTR's consolidated financial statements for 2002. At no time prior to August 12, 2002, has DTR consulted with GFR regarding the application of accounting principles to a specific or contemplated transaction, regarding the type of audit opinion that might be rendered on the registrant's financial statements, or regarding any other matter. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (a) FINANCIAL STATEMENTS OF BUSINESSES ACQUIRED Not Applicable (b) PRO-FORMA FINANCIAL INFORMATION Not Applicable (c) EXHIBITS 16.1 Letter of resignation of KPMG LLP 16.2 Letter of KPMG LLP regarding concurrence with the statements made in Item 4 above. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. DEVELOPED TECHNOLOGY RESOURCE, INC. DATED: AUGUST 26, 2002 By: /s/ LeAnn C. Hitchcock ------------------------- LeAnn C. Hitchcock President, Chief Executive Officer & Chief Financial Officer EX-16.1 3 developed024164_ex16-1.txt LETTER RE: CHANGE OF CERTIFYING ACCOUNTANT Exhibit 16.1 June 27, 2002 LeAnn Hitchcock Chief Financial Officer Developed Technology Resource, Inc. 7500 Metro Boulevard, Suite 550 Edina, MN 55439 Dear LeAnn: This is to confirm that the client-auditor relationship between Developed Technology Resource, Inc. and KPMG LLP has ceased. Very truly yours, KPMG LLP /s/ Andrew D. LaFrence Andrew D. LaFrence PARTNER cc: David Johnson Securities and Exchange Commission EX-16.2 4 developed024164_ex16-2.txt LETTER RE: CHANGE OF CERTIFYING ACCOUNTANT Exhibit 16.2 August 21, 2002 Securities and Exchange Commission Washington, D.C. 20549 Ladies and Gentlemen: We were previously principal accountants for Developed Technology Resource, Inc. and, under the date of March 27, 2002, we reported on the consolidated financial statements of Developed Technology Resource, Inc. as of and for the years ended December 31, 2001 and 2000. On June 27, 2002, we resigned. We have read Developed Technology Resource, Inc.'s statements included under Item 4 of its Form 8-K dated June 27, 2002, and we agree with such statements except we are not in a position to agree or disagree with Developed Technology Resources, Inc.'s statement that (i) the resignation was not sought, recommended or approved by the Audit Committee or Board of Directors of the Company or (ii) on August 12, 2002, Developed Technology Resource, Inc. engaged Gallogly, Fernandez and Riley, LLP and has not consulted with Gallogly, Fernandez and Riley, LLP regarding the application of accounting principles to a specific or contemplated transaction, regarding the type of opinion that might be rendered on Developed Technology Resource, Inc.'s financial statements, or regarding any other matter. Very truly yours, (Signed) KPMG LLP -----END PRIVACY-ENHANCED MESSAGE-----