UNITED STATES
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): November 8, 2004
(November 9, 2004)
Productivity Technologies Corp.
(Exact name of registrant as specified in its charter)
____________________________
Delaware 0-24242 13-3764753
(State or other jurisdiction (Commission file number) (I.R.S. Employer
of incorporation) Identification No.)
3100 Copper Avenue, Fenton, Michigan 48430
(Address of principal executive offices) (Zip Code)
(810) 714-0200
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act
[ ] Soliciting material pursuant to Rule 14a-2 under the Exchange Act
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act
Item 4.01 Changes in Registrant's Certifying Accountant.
As disclosed in the Company's current report on Form 8-K filed November 1,
2004, the partners of the Company's independent auditors, Follmer Rudzewicz PLC,
announced that they were joining UHY LLP, a newly-formed New York limited
liability partnership. UHY LLP is comprised of the partners of four accounting
firms with offices in eight states. UHY LLP is a legal entity that is separate
from Follmer Rudzewicz PLC. Follmer Rudzewicz PLC has ceased to provide audit
services and, accordingly, has resigned as the independent auditors of the
Company. On October 26, 2004, the Company was informed by Follmer Rudzewicz PLC
of this newly-formed limited liability partnership.
The Company's Audit Committee has approved the engagement of UHY LLP as the
Company's independent public accountant for the Company's fiscal year ending
June 30, 2005 and the interim periods prior to such year-end. During the
Company's two most recent fiscal years or subsequent interim period, the Company
has not consulted with UHY LLP regarding the application of accounting
principles to a specific transaction, either completed or proposed, or the type
of audit opinion that might be rendered on the Company's financial statements,
nor did the limited liability partnership of UHY LLP provide advice to the
Company, either written or oral, that was an important factor considered by the
Company in reaching a decision as to the accounting, auditing or financial
reporting issue. Further, during the Company's two most recent fiscal years or
subsequent interim periods, the Company has not consulted with the limited
liability partnership of UHY LLP on any matter that was the subject of a
disagreement or a reportable event.
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: November 9, 2004 Productivity Technologies Corp.
\(Registrant)
By: /s/ Jesse A. Levine
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Jesse A. Levine
Vice President and Chief Financial Officer