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) March 5, 2001
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Global e Tutor, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 0-29765 88-0444539
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
8097 Roswell Road, Bldg. D., Atlanta, Georgia 30350-6159
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (678) 781-2046
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Not Applicable
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(Former name or former address, if changed since last report)
Item 4. Changes in Registrant's Certifying Accountant.
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On March 5, 2001, Global e Tutor, Inc. (the "Company") dismissed its
independent auditors, Pritchett, Siler & Hardy, P.C., and on the same date
authorized the engagement of the firm of Cherry, Bekaert & Holland, L.L.P. as
its independent auditors for the fiscal year ended December 31, 2000. Each of
these actions was approved by the Board of Directors of the Company.
Pritchett, Siler & Hardy, P.C. was engaged as the Company's independent
auditor on or about March 13, 2000 and has only reported on the consolidated
financial statements of the Company for the fiscal year ended December 31, 1999.
The report of Pritchett, Siler & Hardy, P.C. on the consolidated financial
statements of the Company for the fiscal year ended December 31, 1999 did not
contain any adverse opinion or a disclaimer of opinion, nor was it qualified or
modified as to uncertainty, audit scope or accounting principles.
In connection with the audit of the fiscal year ended December 31, 1999 and
for the unaudited interim period through March 5, 2001, there were no
disagreements with Pritchett, Siler & Hardy, P.C. on any matter of accounting
principle or practice, financial statement disclosure, or audit scope or
procedure which disagreement, if not resolved to the satisfaction of Pritchett,
Siler & Hardy, P.C., would have caused it to make reference to the subject
matter of the disagreement in its report. Further, during the fiscal year ended
December 31, 1999 and the unaudited interim period through March 5, 2001,
neither the Company nor any of its representatives sought the advice of Cherry,
Bekaert & Holland, L.L.P. regarding the application of accounting principles to
a specific completed or contemplated transaction or the type of audit opinion
that might be rendered on the Company's financial statements, which advice was
an important factor considered by the Company in reaching a decision as to the
accounting, auditing or financial reporting issue.
In connection with the audit of the fiscal year ended December 31, 1999 and
the unaudited interim period through March 5, 2001, Pritchett, Siler & Hardy,
P.C. did not advise the Company that (i) the internal controls necessary for the
Company to develop reliable financial statements did not exist; (ii) information
had come to its attention that led it to no longer be able to rely on
management's representations, or that made it unwilling to be associated with
the financial statements prepared by management; (iii) there existed a need to
expand significantly the scope of its audit, or that information had come to
Pritchett, Siler & Hardy, P.C.'s attention during the fiscal periods, that if
further investigated may (a) materially impact the fairness or reliability of
either: a previously issued audit report or the underlying financial statements,
or the financial statements issued or to be issued covering the fiscal period
subsequent to the date of the most recent financial statements covered by an
audit report (including information that may prevent it from rendering an
unqualified audit report on those financial statements), or (b) cause Pritchett,
Siler & Hardy, P.C. to be unwilling to rely on management's representations or
be associated with the Company's financial statements, and due to Pritchett,
Siler & Hardy, P.C.'s dismissal did not so expand the scope of its audit or
conduct such further investigation; or (iv) information had come to Pritchett,
Siler & Hardy, P.C.'s attention that it concluded materially impacts the
fairness or reliability of either (a) a previously issued audit report or the
underlying financial statements, or (b) the financial statements issued or to be
issued covering the fiscal period subsequent to the date of the most recent
financial statements covered by an audit report (including information that,
unless resolved to Pritchett, Siler
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& Hardy, P.C.'s satisfaction, would prevent it from rendering an unqualified
audit report on those financial statements), and due to Pritchett, Siler &
Hardy, P.C.'s dismissal, the issue has not been resolved to Pritchett, Siler &
Hardy, P.C.'s satisfaction prior to its dismissal.
The Company has requested that Pritchett, Siler & Hardy, P.C. furnish it
with a letter addressed to the Securities and Exchange Commission stating
whether it agrees with the above statements. A copy of Pritchett, Siler &
Hardy, P.C.'s letter to the Securities and Exchange Commission is filed as
Exhibit 16.1 to this Form 8-K.
Item 7. Financial Statements and Exhibits.
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(a) Not applicable
(b) Not applicable
(c) Exhibits:
16.1 Letter from Pritchett, Siler & Hardy, P.C.
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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.
GLOBAL E TUTOR, INC.
By: /s/ Jerry Barton
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Jerry Barton, President and Chief
Executive Officer
Dated: March 12, 2001
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EXHIBIT INDEX
Exhibit
Number Description of Exhibit
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16.1 Letter from Pritchett, Siler & Hardy, P.C.