U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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 4, 1997
NAM CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 0-21419 23-2753988
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File No.) Identification No.)
1010 Northern Blvd., Great Neck, NY 11021
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (516) 829-4343
Not Applicable
(Former name or former address, if changed since last report)
Item 4. Changes in Registant's Certifying Accountant
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On March 4, 1997, KPMG Peat Marwick LLP ("KPMG Peat Marwick") was dismissed by
the Registrant as the Registrant's auditors and Grant Thornton LLP was engaged
to audit the Registrant's financial statements for the year ending June 30,
1997. The change in auditors was approved by the Audit Committee of the Board of
Directors of the Registrant.
KPMG Peat Marwick's reports on the Registrant's financial statements for the
past two (2) years ended June 30, 1995 and 1996 did not contain an adverse
opinion or disclaimer of opinion and were not qualified or modified as to
uncertainty, audit scope, or accounting principles.
During the Registrant's two (2) most recent fiscal years ended June 30, 1995 and
1996 and subsequent interim period preceding the dismissal, there were no
disagreements with KPMG Peat Marwick on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or procedure, which
disagreement, if not resolved to the satisfaction of KPMG Peat Marwick, would
have caused it to make reference to the subject matter of the disagreement in
connection with its report.
The Registrant has furnished a copy of the disclosure contained herein to KPMG
Peat Marwick requesting such firm to respond as to whether it agrees or
disagrees with the statements herein with respect to such firm and KPMG Peat
Marwick has agreed, as required by Item 304 of Regulation S-K, to furnish to the
Registrant a letter addressed to the Securities and Exchange Commission to that
effect. A copy of such letter is filed as an Exhibit hereto.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
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(c) Exhibits
16. Letter of KPMG Peat Marwick LLP dated March 6, 1997
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has fully caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
NAM CORPORATION
By: /s/ Roy Israel
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Roy Israel
President and Chief Executive Officer
March 10, 1997