UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): July 30, 2002
NOVO NETWORKS, INC.
(Exact Name of Registrant as Specified in Its Charter)
Delaware 0-28579 75-2233445
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification Number)
2311 Cedar Springs Road, Suite 400,
Dallas, Texas 75201
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: (214) 777-4100
300 Crescent Court, Suite 1760, Dallas, Texas 75201
(Former Name or Former Address, if Changed Since Last Report)
Item 4. Changes in Registrant's Certifying Accountant
(a) Information required by Item 304(a)(1) of Regulation S-K.
(i) On July 30, 2002, the Registrant dismissed
Arthur Andersen LLP as the Registrant's
independent accountant.
(ii) Arthur Andersen LLP previously served as
the Registrant's independent outside auditor
since January 2, 2001. Prior to that date, BDO
Seidman LLP acted as the Registrant's
independent outside auditor. For the year
ended June 30, 2001, Arthur Andersen LLP's
audit report did not contain any adverse
opinion or a disclaimer of opinion nor was it
qualified or modified as to audit scope or
accounting principles, except that such report
did state that substantial doubt existed that
the Registrant could continue as a going
concern. BDO Seidman LLP's report on the
financial statements for the year ended
June 30, 2000, contained no adverse opinion or
disclaimer of opinion and was not qualified or
modified as to uncertainty, audit scope or
accounting principles.
(iii) The Registrant's Audit Committee and
Board of Directors unanimously recommended the
dismissal of Arthur Andersen LLP as its
independent accountant.
(iv) During the Registrant's two most recent
fiscal years, which ended June 30, 2000, and
2001, respectively, and the subsequent interim
period from June 30, 2001, to July 30, 2002
(the date of the referenced dismissal), there
were no disagreements between the Registrant
and either Arthur Andersen LLP or BDO Seidman
LLP on any matter of accounting principles or
practices, financial statement disclosure, or
auditing scope or procedure, which
disagreements, if not resolved to the
satisfaction of Arthur Anderson LLP or BDO
Seidman LLP, would have caused either firm to
make reference to the subject matter of the
disagreement in its report.
(v) During the Registrant's two most recent
fiscal years and during the subsequent interim
period from June 30, 2001, to July 30, 2002
(the date of the referenced dismissal), there
have been no reportable events (as defined in
regulation S-K Item 304(a)(1)(v)).
(b) Effective July 30, 2002, Grant Thornton LLP was
approved by the Registrant's Audit Committee and
Board of Directors as the new independent accountant.
Management has not previously consulted with Grant
Thornton LLP concerning any accounting, auditing or
reporting matter.
(c) The Registrant requested that Arthur Andersen
LLP provide it with a letter addressed to the SEC
stating whether or not it agrees with the
above statements. Arthur Andersen LLP cited a newly
adopted policy providing such letters and refused the
Registrant's request.
Pursuant to the requirements of the Securities Exchange Act
of 1934, as amended, the Registrant has duly caused this report
to be signed on its behalf by the undersigned hereunto duly
authorized.
NOVO NETWORKS, INC.
Date: August 22, 2002 /s/ BARRETT N. WISSMAN
-----------------------------
Name: Barrett N. Wissman
Title: President