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: September 17, 1996
FURR'S/BISHOP'S, INCORPORATED
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(Exact name of registrant as specified in charter)
Delaware 1-10725 75-2350724
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(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
6901 Quaker Avenue, Lubbock, Texas 79413
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (806) 792-7151
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Not applicable
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(Former name or former address, if changed since last report)
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
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On the recommendation of the Company's Audit Committee, Deloitte & Touche
LLP ("Deloitte & Touche") was dismissed by the Board of Directors of the Company
(the "Board of Directors") effective September 17, 1996. There have been no
disagreements with Deloitte & Touche on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or procedure,
during the Company's two most recent fiscal years or any subsequent interim
period which, if not resolved to the satisfaction of Deloitte & Touche, would
have caused it to make a reference to the subject matter of the disagreement(s)
in connection with any report issued by Deloitte & Touche. The Deloitte &
Touche report on the Company's financial statements for the fiscal year ended
January 3, 1995, dated March 2, 1995, included an explanatory paragraph which
identified factors which raised substantial doubt about the Company's ability to
continue as a going concern. As a result of a restructuring of the Company
completed during the first quarter of 1996, and the significant reduction in the
Company's debt burden and resulting interest expense, the March 28, 1996 report
of Deloitte & Touche, covering the fiscal year ended January 2, 1996, did not
contain any form of qualification or uncertainty regarding the Company's
financial status.
Effective September 17, 1996, the Board of Directors, on the recommendation
of the Company's Audit Committee, appointed KPMG Peat Marwick LLP as the
Company's independent public accountants for the fiscal year ending December 31,
1996.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
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(c) Exhibits
7.1. Letter of Deloitte & Touche LLP, dated September 24, 1996,
Re: Change in Registrant's Certifying Accountants.
[Signature on Following Page]
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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.
FURR'S/BISHOP'S, INCORPORATED
By: /s/ Alton R. Smith
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Alton R. Smith, Executive Vice President
and Secretary
Dated: September 24, 1996.
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INDEX TO EXHIBITS
EXHIBIT NO. DESCRIPTION PAGE
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7.1 Letter of Deloitte & Touche LLP, 5
dated September 24, 1996,
Re: Change in Registrant's
Certifying Accountant.
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