-----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, AJdhGUJC2yRge2lhWjmbzemNWU/ugNeriByZ3ZDEMYC+P2iEtu1GDERIfRyWK6fy 9GHVcY6l2Bmmgn6+pbpMZA== 0000912057-97-006821.txt : 19970227 0000912057-97-006821.hdr.sgml : 19970227 ACCESSION NUMBER: 0000912057-97-006821 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970219 ITEM INFORMATION: Changes in registrant's certifying accountant ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: Change in fiscal year FILED AS OF DATE: 19970226 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: HEFTEL BROADCASTING CORP CENTRAL INDEX KEY: 0000922503 STANDARD INDUSTRIAL CLASSIFICATION: RADIO BROADCASTING STATIONS [4832] IRS NUMBER: 990113417 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-24516 FILM NUMBER: 97543589 BUSINESS ADDRESS: STREET 1: 100 CRESCENT COURT STREET 2: SUITE 1777 CITY: DALLAS STATE: TX ZIP: 75201- BUSINESS PHONE: 7023673322 8-K 1 8K - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 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): FEBRUARY 19, 1997 HEFTEL BROADCASTING CORPORATION (Exact name of Registrant as specified in its charter) DELAWARE 0-24516 99-0113417 (State or other (Commission File Number) (I.R.S. Employer jurisdiction of Identification Number) incorporation) 100 CRESCENT COURT, SUITE 1777 75201 DALLAS, TEXAS (Zip code) (Address of principal executive offices) Registrant's telephone number, including area code: (214) 855-8882 6767 WEST TROPICANA AVENUE, SUITE 102 LAS VEGAS, NEVADA 89103 (former address if changed since last report) - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT In 1997, Heftel Broadcasting Corporation (the "Company") solicited proposals from qualified firms of certified public accountants to perform audit services beginning in calendar year 1997 for the Company and its subsidiaries. On February 19, 1997, Ernst & Young LLP, the Company's prior independent accountant was notified that KPMG Peat Marwick LLP had been selected as the Company's new independent accountants as a result of this process. The decision to change accountants was approved by the Board of Directors of the Company on February 19, 1997. Ernst & Young LLP served as the independent accountants for the Company and its subsidiaries for the fiscal years ended September 30, 1995 and 1996. The independent auditors' reports of Ernst & Young LLP on the consolidated financial statements of the Company and its subsidiaries as of September 30, 1995 and 1996 and for each of the two years in the period ended September 30, 1996, each expressed an unqualified opinion and were not modified as to uncertainty, audit scope or accounting principles. During the fiscal years ended September 30, 1995 and 1996 and through February 18, 1997, there were no reportable events (as defined in Regulation S-K, Item 304(a)(1)(v)) or disagreements with Ernst & Young LLP on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure that were not resolved to the satisfaction of Ernst & Young LLP. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. Exhibit 16.1 - Letter from Ernst & Young LLP regarding change of certifying accountants. ITEM 8. CHANGE IN FISCAL YEAR On February 19, 1997, the Board of Directors of the Company voted to change the Company's fiscal year from a September 30 year end to a December 31 year end. The transition period is October 1, 1996 through December 31, 1996. The Form 10-Q for the quarterly period ended December 31, 1996 has been amended to be a transition report since it covers the transition period. The Form 10-K for the year ended December 31, 1997 will include the separate audited financial statements of Heftel Broadcasting Corporation and subsidiaries for the transition period. SIGNATURES 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. HEFTEL BROADCASTING CORPORATION (Registrant) By: /s/ Jeffrey T. Hinson ---------------------------- Name: Jeffrey T. Hinson Title: Chief Financial Officer Date: February 25, 1997 Index to Exhibits ----------------- Exhibit No. Page - ----------- ---- 16.1 Letter from Ernst & Young LLP regarding change of certifying accountants EX-16.1 2 EX 16-1 [LETTERHEAD OF ERNST & YOUNG LLP] February 24, 1997 Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549 Gentlemen: We have read Item 4 of Form 8-K dated February 19, 1997, of Heftel Broadcasting Corporation and are in agreement with the statements contained in the second paragraph of Item 4. We have no basis to agree or disagree with the statements of the registrant contained in the first paragraph of Item 4. /s/ ERNST & YOUNG LLP -----END PRIVACY-ENHANCED MESSAGE-----