UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
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FORM 8-K
Quarterly Report Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
For the quarter ended September 30, 1996 Commission File Number 000-28876
CHEM INTERNATIONAL, INC. AND SUBSIDIARIES
(Exact name of registrant as specified in its charter)
Delaware 13-3035216
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
201 Route 22
Hillside, New Jersey 07205
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (201) 926-0816
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CHEM INTERNATIONAL, INC. AND SUBSIDIARIES
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
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1. Effective December 4, 1996, Chem International, Inc. ["Chem"] dismissed
its prior certifying accountants, Cornick, Garber & Sandler, LLP
["Cornick"] and retained as its new certifying accountants, Moore
Stephens, P.C. Cornick's report on Chem's financial statements during the
most recent fiscal year contained no adverse opinion or a disclaimer of
opinion, and was not qualified as to uncertainty, audit scope or
accounting principles. The decision to change accountants was approved by
Chem's Board of Directors.
During the last fiscal year, there were no disagreements between Chem and
Cornick on any matters of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure, which disagreements,
if not resolved to the satisfaction of Cornick, would have caused it to
make a reference to the subject matter of disagreement in connection with
its report.
None of the "reportable events" described in Regulation S-B, Item
304(a)(iv) occurred with respect to Chem within the last fiscal year.
2. Effective December 4, 1996, the Company engaged Moore Stephens, P.C. as
its principal accountants to audit the Company's financial statements.
During the Company's last two most recent fiscal years and the subsequent
interim period to date hereof, the Company has not consulted Moore
Stephens, P.C. on items which (i) concerned the application of accounting
principles to a specified transaction, either complete or proposed or (ii)
concerned the subject matter of a disagreement or reportable event with
Cornick.
3. The Company has requested Cornick to furnish it with a letter addressed to
the Securities and Exchange Commission stating whether Cornick agrees with
the statements contained in the first paragraph above. The Company
delivered a copy of this Form 8-K report to Cornick on December 6, 1996.
The Company will file by amendment, as an Exhibit to this Form 8-K report,
a copy of such letter when it is received.
SIGNATURES
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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.
CHEM INTERNATIONAL, INC. AND SUBSIDIARIES
Date: December 6, 1996 By:/s/ E. Gerald Kay
E. Gerald Kay,
President and Chief Executive Officer