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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
AMENDMENT NO. 1
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Earliest Event Reported: April 2, 2002
ENVIRONMENTAL SAFEGUARDS, INC.
(Exact name of registrant as specified in its charter)
Nevada 1-13869 87-0429198
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation or organization) Identification No.)
2600 South Loop West, Suite 645
Houston, Texas 77054
(Address of principal executive offices, including zip code)
(713) 641-3838
(Registrant's telephone number, including area code)
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Item 4. Changes in Registrant's Certifying Accountant
(a) Previous independent accountants
(i) On April 2, 2002, Environmental Safeguards, Inc. dismissed
PricewaterhouseCoopers LLP as its independent accountants. The Registrant's
Audit Committee and Board of Directors participated in and approved the decision
to change independent accountants.
(ii) The reports of PricewaterhouseCoopers LLP on the financial statements for
the past two fiscal years contained no adverse opinion or disclaimer of opinion
and were not qualified as to audit scope or accounting principle, however such
reports for each of the past two fiscal years were modified to express
substantial doubt with respect to the Registrant's ability to continue as a
going concern.
(iii) In connection with the audits for the two most recent fiscal years and
through April 2, 2002, there were no disagreements with PricewaterhouseCoopers
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 PricewaterhouseCoopers LLP would have caused them to make
reference thereto in their report on the financial statements for such years.
(iv) During the two most recent fiscal years and through April 2, 2002, there
have been no reportable events (as defined in Regulation S-K Item 304(a)(1)(v)).
(v) The Registrant has requested that PricewaterhouseCoopers LLP furnish it with
a letter addressed to the SEC stating whether or not it agrees with the above
statements. A copy of such letter is filed as Exhibit 16 to this Form 8-K/A.
(b) New independent accountants
(i) The Registrant engaged Ham, Langston & Brezina, LLP as its new independent
accountants as of April 3, 2002. During the two most recent fiscal years and
through April 3, 2002, the Registrant has not consulted with Ham, Langston &
Brezina, LLP regarding either (i) the application of accounting principles to a
specified transaction, either completed or proposed; or the type of audit
opinion that might be rendered on the Registrant's financial statements, and
neither a written report was provided to the Registrant or oral advice was
provided that Ham, Langston & Brezina, LLP concluded was an important factor
considered by the Registrant in reaching a decision as to the accounting,
auditing or financial reporting issue; or (ii) any matter that was either the
subject of a disagreement, as that term is defined in Item 304(a)(1)(iv) of
Regulation S-K and the related instructions to Item 304 of Regulation S-K, or a
reportable event, as that term is defined in Item 304(a)(1)(v) of Regulation
S-K.
Item 7. EXHIBITS
16* Letter on change in certifying accountant
* Included herein.
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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.
ENVIRONMENTAL SAFEGUARDS, INC.
Date: April 9, 2002 By: /s/ James S. Percell
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James S. Percell, Director, Chairman
of the Board, Chief Executive Officer
and President
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INDEX TO EXHIBITS
Exhibit No. Description
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16 Letter on Change in Certifying Accountant
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