AMENDED
FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported): August 5, 1996
CENTURY PARK PICTURES CORPORATION
(Exact name of registrant as specified in its charter)
Minnesota 0-14273 41-1458152
(State of Incorporation) (Commission (I.R.S. Employer
File Number) Identification No.)
4701 IDS Center, Minneapolis, Minnesota, 55402
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (612) 333-5100
Item 4. Changes in Registrant's Certified Accountant. On August 5, 1996, (See
attached Exhibit 4) without prior communications, McGladrey & Pullen, LLP
resigned as the Company's principal accountant to audit the Company's financial
statements. The principal accountant's reports on the financial statements for
the past two years did not contain an adverse opinion, disclaimer of opinion or
was qualified as to audit scope or accounting principals. The principal
accountant's report on the Company's financial statements for the period ended
September 30, 1995 was qualified as to substantial doubt about the Company's
ability to continue as a going concern. The change of accountants was not
recommended by the Company's Board of Directors. During the Company's two most
recent fiscal years preceding the resignation and any subsequent intern period
through the resignation, there were no disagreements with the former accountant
regarding any matter of accounting principal or practice, financial statement
disclosure, or auditing scope or procedure.
McGladrey & Pullen, LLP has been provided a copy of this Report on Form 8-K
filed September 9, 1996 and Amended Form 8-K filed in response to staff requests
of September 13, 1996. The Company has requested that McGladrey & Pullen, LLP
furnish a letter addressed to the Commission stating its agreement or
disagreement with the amendment report on Form 8-K, and if in disagreement
stating its reasons therefore. Attached as Exhibit B is McGladrey & Pullen,
LLP's responsive letter.
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.
CENTURY PARK PICTURES CORPORATION
(Registrant)
By: /s/ Thomas K. Scallen
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Thomas K. Scallen
Chief Executive Officer
Dated: September 23, 1996
McGLADREY & PULLEN, LLP
Certified Public Accountants and Consultants
Securities and Exchange Commission
Washington, D.C. 20549
Gentlemen:
We were previously the independent accountants for Century Park Pictures
Corporation and on November 6, 1995, except for Note 12 which was dated January
4, 1996, we reported on the consolidated financial statements of Century Park
Pictures Corporation as of and for each of the three years in the period ended
September 30, 1995. On August 5, 1996, we resigned as the Company's independent
accountants. On September 17, 1996, we received the Company's Form 8-K dated
September 3, 1996. We have read the Company's statements included under Item 4
of its Form 8-K and we agree with such statements except as follows: (a) prior
to our resignation we did hold discussions with management regarding our
intention to resign and (b) our report on the Company's financial statements for
the year ended September 30, 1995, was not qualified, but did contain an
explanatory paragraph regarding the uncertainty about the Company's ability to
continue as a going concern.
/s/ McGladrey & Pullen, LLP
McGLADREY & PULLEN, LLP
Minneapolis, Minnesota
September 17, 1996