SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-KA
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported) - July 17, 2001
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PALADYNE CORP.
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(Exact name of registrant as specified in its charter)
Delaware 0-22969 59-3562953
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(State or other jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
1650A Gum Branch Road, Jacksonville, NC 28540
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(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code - (888) 773-3501
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N/A
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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 July 17, 2001, Paladyne Corp. (the Company) received the letter of
resignation from BDO Seidman, LLP announcing that they were resigning as the
independent accountants for Paladyne Corp.
The independent accountants' report on the financial statements for
either of the past two years did not contain any adverse opinion or disclaimer
of opinion, and was not modified as to uncertainty, audit scope, or accounting
principles.
The resignation was not recommended or approved by either the Audit
Committee or the Board of Directors of the Company.
There were no disagreements with the former accountant on any matter
of accounting principles or practices, financial statement disclosure, or
auditing scope or procedure, during the two fiscal years ended August 31, 2000
and during the interim period ended July 17, 2001, which, if not resolved to the
former accountant's satisfaction, would have caused it to make reference to the
subject matter of the disagreement in connection with its report, as required by
Item 304(a)(1)(iv) of Regulation S-K.
The Company has commenced a search to retain a new independent
accountant. Upon this new retention, the Company will file a Form 8-K to report
upon the retention.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
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(c) Exhibits
16.1 Letter on change in certifying accountant (filed with
initial Report).
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
PALADYNE CORP.
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(Registrant)
Dated: August 22, 2001 By /s/ Terrence J. Leifheit
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Terrence J. Leifheit, Chairman and CEO
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