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: May 24, 2000
(Date of earliest event reported)
JENNA LANE, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-29126 22-3351399
- -------- ------- ----------
(State or other (Commission (IRS Employer
Jurisdiction of File Number) Identification
Incorporation) Number)
1407 Broadway, Suite 2400, New York, New York 10018
- --------------------------------------------- -----
(Address of principal executive offices) (Zip Code)
(212) 704-0002
- --------------
(Registrant's Telephone Number Including Area Code)
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
(a)(1)(i) On May 24, 2000 the Registrant terminated Edward Isaacs & Company LLP
("EICO") as its independent accountant.
(a)(1)(ii) The reports of EICO on the Registrant's financial statements for the
past two fiscal years did not contain an adverse opinion or a disclaimer of
opinion and were not qualified or modified as to uncertainty, audit scope, or
accounting principles.
(a)(1)(iii) The decision to change accountants was recommended by the Board of
Directors.
(a)(1)(iv) During the Registrant's two most recent fiscal years and the
subsequent interim period there were no disagreements with EICO on any matter of
accounting principles or practices, financial statement disclosure, or auditing
scope or procedure which, if not resolved to the satisfaction of EICO would have
caused EICO to make reference to the matter in its report.
(a)(2) On May 25, 2000 the Registrant engaged Mahoney, Cohen & Co. ("MCC") as
its independent auditors for its fiscal year ending March 31, 2000. During the
Registrant's two most recent fiscal years, and any subsequent interim period
prior to engaging MCC the Registrant (or someone on its behalf) did not consult
MCC regarding (i) either: 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 paragraph
304(a)(1)(iv) under Regulation S-K or a reportable event. The Company did
consult with MCC commencing in December 1999 regarding the restatement of the
Registrant's financial statements for the fiscal year ended March 31, 1999 and
the fiscal quarters ended June 30 and September 30, 1999.
(a)(3) The Registrant has requested EICO to furnish it with a letter addressed
to the Commission stating whether it agrees with the above statements. A copy of
that letter, dated May 31, 2000, is filed as Exhibit 16 to this Form 8-K.
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 hereunto duly authorized.
Date: May 31, 2000 JENNA LANE, INC.
By: /s/ GARY COFFEY
-------------------------
Gary Coffey, Chief Operating Officer
EXHIBIT INDEX
Exhibit number Description
16 Accountant's letter