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): July 8, 2004
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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 July 8, 2004, the Audit Committee of the Board of Directors of
Innotrac Corporation ("Innotrac") dismissed Innotrac's independent registered
public accounting firm, Deloitte & Touche LLP ("Deloitte"), and appointed BDO
Seidman, LLP ("BDO") as its new independent registered public accounting firm,
effective immediately. This determination followed Innotrac's evaluation of
proposals from accounting firms to serve as Innotrac's independent registered
public accounting firm for its fiscal year ending December 31, 2004.
The audit reports issued by Deloitte on the consolidated financial
statements of Innotrac Corporation as of and for the fiscal years ended December
31, 2002 and 2003 did not contain any adverse opinion or disclaimer of opinion,
nor were they qualified or modified as to uncertainty, audit scope or accounting
principles, except for the 2002 audit report, which disclosed the Company's
change in method of accounting for goodwill and other intangible assets to
conform with Statement of Financial Accounting Standards No. 142.
During Innotrac's two most recent fiscal years and through the date of
this Form 8-K, there were no disagreements between Innotrac and Deloitte on any
matter of accounting principles or practices, financial statement disclosure, or
auditing scope or procedure, which, if not resolved to Deloitte's satisfaction,
would have caused Deloitte 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 during Innotrac's two most
recent fiscal years and through the date of this Form 8-K.
Innotrac provided Deloitte with a copy of the foregoing disclosures,
and a letter from Deloitte 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 BDO 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 Deloitte & Touche LLP to the
Securities and Exchange Commission dated
July 13, 2004
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 and
Date: July 13, 2004 Secretary