SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): April 22, 2002
INNOTRAC CORPORATION
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(Exact name of Registrant as Specified in its Charter)
Georgia 000-23741 58-1592285
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(State or other Jurisdiction of (Commission File (IRS Employer
Incorporation or Organization) Number) Identification No.)
6655 Sugarloaf Parkway
Duluth, Georgia 30097
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (678) 584-4000
Not Applicable
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(Former name or former address, if changed since last report)
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
On April 22, 2002 the Board of Directors of Innotrac Corporation
("Innotrac"), upon the recommendation of its Audit Committee, dismissed its
independent accountants, Arthur Andersen LLP ("Andersen"), and appointed
Deloitte & Touche LLP as its new independent accountants, effective immediately.
This determination followed Innotrac's evaluation of proposals from accounting
firms to serve as Innotrac's independent accountants for its fiscal year ending
December 31, 2002.
The audit reports issued by Andersen on the consolidated financial
statements of Innotrac Corporation as of and for the fiscal years ended December
31, 2001 and 2000 did not contain any adverse opinion or disclaimer of opinion,
nor were they qualified or modified as to uncertainty, audit scope or accounting
principles.
During Innotrac's two most recent fiscal years and through the date of
this Form 8-K, there were no disagreements between Innotrac and Andersen on any
matter of accounting principles or practices, financial statement disclosure, or
auditing scope or procedure, which, if not resolved to Andersen's satisfaction,
would have caused Andersen to make reference to the subject matter of the
disagreements in connection with its reports on Innotrac's consolidated
financial statements for such periods, nor have there been any reportable events
as listed in Item 304 (a)(1)(v) of Regulation S-K.
Innotrac provided Andersen with a copy of the foregoing disclosures,
and a letter from Andersen confirming its agreement with these disclosures is
attached as Exhibit 16.1 to this report.
During Innotrac's two most recent fiscal years and through the date of
this Form 8-K, Innotrac did not consult with Deloitte & Touche with respect to
any of the matters or reportable events set forth in Item 304(a)(2)(i) and (ii)
of Regulation S-K.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits.
Exhibit Description
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16.1 Letter from Arthur Andersen LLP to the Securities and
Exchange Commission dated April 22, 2002
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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.
INNOTRAC CORPORATION
By: /s/David L. Gamsey
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David L. Gamsey
Senior Vice President,
Chief Financial Officer,
Date: April 22, 2002 Secretary and Treasurer
S-1
EXHIBIT INDEX
Exhibit Description
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16.1 Letter from Arthur Andersen LLP to the Securities and
Exchange Commission dated April 22, 2002