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): March 7, 2003
Commission File Number 0-17555
EVEREST FUTURES FUND, L.P.
(Exact name of registrant as specified in its charter)
Iowa 42-1318186
State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
1100 North 4th Street, Suite 143, Fairfield, Iowa 52556
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (641) 472-5500
Not Applicable
(Former name, former address and former fiscal year, if changed
Since last report.)
Item 1. Changes in Control of Registrant
Effective February 1, 2003, Mr. Lamoureux, President of Everest
Asset Management, Inc. (EAM), became the majority shareholder and
sole director of EAM. Mr. Rubin and Mr. Foster are no longer
principals, directors or shareholders. There are no material
changes in the operations of the firm.
Item 2. Acquisitions or Disposition of Assets
Not Applicable.
Item 3. Bankruptcy or Receivership
Not Applicable.
Item 4. Changes in Registrant's Certifying Accountant
KPMG LLP, the former accountant of the Registrant, was dismissed
on March 7, 2003. The decision to change accountants was recommended by the
Directors of the General Partner of the Registrant. KPMG LLP's reports on the
financial statements of the Registrant as of and for the years ended December
31, 2001 and December 31, 2000 did not contain any adverse opinion or
disclaimer opinion, nor were they qualified or modified as to uncertainty,
audit scope or accounting principles. During the Registrant's two most recent
fiscal years preceding the dismissal of KPMG LLP there were no disagreements
with KPMG LLP on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedures of KPMG LLP, which
disagreements if not resolved to their satisfaction would have caused KPMG LLP
to make a reference to the subject matter of the disagreement(s) in connection
with its reports. During the Registrant's two most recent fiscal years
preceding the dismissal of KPMG LLP there was no occurrence of events as
described in Item 304(a)(1)(v) paragraphs (A) through (D).
The Registrant engaged Spicer, Jeffries & Co. as its new
independent accountant effective March 10, 2003. The Registrant has not
consulted Spicer, Jeffries & Co. during the Registrant's two most recent
fiscal years.
The Registrant has provided KPMG LLP with a copy of this Form 8-K
and KPMG LLP has provided to the Registrant a copy of a letter addressed to
the Securities and Exchange Commission stating that it agrees with the
statements made by the Registrant in this Form 8-K. The letter provided by
KPMG LLP to the Securities and Exchange Commission is attached hereto as
Exhibit A.
Item 5. Other Events
Not Applicable.
Item 6. Resignations of Registrant's Directors
Not Applicable.
Item 7. Financial Statements and Exhibits
Not Applicable.
Item 8. Change in Fiscal Year.
Not Applicable.
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 and thereunto duly authorized.
EVEREST FUTURES FUND, L.P.
Date: March 12, 2003 By: Everest Asset Management, Inc.,
its General Partner
By: __/s/ Peter Lamoureux______________________
Peter Lamoureux
President
(On KPMG LLP Letterhead)
March 12, 2003
Securities and Exchange Commission
Washington, D.C. 20549
Ladies and Gentlemen:
We were previously principal accountants for the Everest Futures Fund, L.P.
and, under the date of March 8, 2002, we reported on the financial
statements of Everest Futures Fund, L.P. as of and for the years ended
December 31, 2001, 2000 and 1999. On March 7, 2003, our appointment as
principal accountants was terminated. We have read Everest Futures
Fund, L.P.'s statements included under Item 4 of its Form 8-K dated
March 7, 2003, and we agree with such statements, except that we are not
in a position to agree or disagree with the statement regarding the Fund's
engagement of Spicer, Jeffries & Co as its new independent accountant as of
March 10, 2003 or the fact that the Fund has not consulted Spicer,
Jeffries & Co during the two most recent fiscal years.
Very truly yours,
KPMG LLP