U. S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K/A2
Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): August 30, 1996
BALTIC INTERNATIONAL USA, INC.
(Exact name of registrant as specified in its charter)
TEXAS
(State or other jurisdiction of incorporation)
1-12908 76-0336843
(Commission File Number) (I.R.S. Employer
Identification No.)
1990 Post Oak Boulevard, Suite 1630, Houston, Texas 77056
(Address of principal executive offices, including zip code)
(713) 961-9299
(Registrant's telephone number, including area code)
Item 1 Changes in Control of Registrant
Inapplicable
Item 2 Acquisition or Disposition of Assets
Inapplicable
Item 3 Bankruptcy or Receivership
Inapplicable
Item 4 Changes in Registrant's Certifying Accountant
On August 30, 1996, BDO Seidman, LLP informed the Company that it was
resigning from its position as the Company's accounting firm effective
immediately.
Since the term of BDO Seidman, LLP's engagement, which became
effective July 28, 1995, the reports of BDO Seidman, LLP on the
financial statements for the past fiscal year ended December 31, 1995
contained no adverse opinion or disclaimer of opinion and were not
qualified or modified as to uncertainty, audit scope or accounting
principle except that they were modified as to uncertainty as
follows, "As discussed in Note 2 to the consolidated financial
statements, the Company has a significant interest in Baltic
International Airlines which has incurred losses from operations that
raise substantial doubt about the Company's ability to continue as
a going concern. The consolidated financial statements do not
include any adjustments that might result from the outcome of this
uncertainty."
In connection with its audit for the fiscal year ended December 31, 1995
and through August 30, 1996, there have been no disagreements with
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 BDO Seidman, LLP
would have caused them to make reference thereto in their report on
the financial statements for such years.
The Registrant has requested BDO Seidman, LLP to furnish it with a
letter addressed to the SEC stating whether or not it agrees with the
above statements. A copy of such letter, dated September 19, 1996, is
filed as Exhibit 16.1 to this Form 8-KA2.
Item 5 Other Events
Inapplicable
Item 6 Resignations of Registrant's Directors
Inapplicable
Item 7 Financial Statements and Exhibits
Inapplicable
Item 8 Change in Fiscal Year
Inapplicable
Exhibit 16.1
BDO Seidman, LLP
1200 Smith Street, Suite 3060
Houston, Texas 77002-4501
Telephone: (713) 659-6551
Fax: (713) 659-3238
September 19, 1996
Securities and Exchange Commission
450 5th Street, N.W.
Washington, D.C. 20549
Gentlemen:
We have been furnished with a copy of the response to Item 4 of Form 8-K/A
for the event that occurred on August 30, 1996, to be filed by our former
client, Baltic International USA, Inc. We agree with the amended disclosures
made in response to that Item insofar as they relate to our Firm.
Very truly yours,
By: /s/ BDO Seidman
- ----------------------
BDO Seidman, LLP
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.
BALTIC INTERNATIONAL USA, INC.
By: /s/ James W. Goodchild
---------------------------------
JAMES W. GOODCHILD, Chief
Operating and Financial Officer
Dated: September 23, 1996