SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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): January 14, 2002
H.E.R.C. PRODUCTS INCORPORATED
(Exact Name of Registrant as Specified in its Charter)
DELAWARE 1-13012 86-0570800
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) ID No.)
2215 W. Melinda Lane #A, Phoenix, Arizona 85027
(Address of Principal Executive Office) (Zip Code)
Registrant's telephone number, including area code: (623) 492-0336
H.E.R.C. PRODUCTS INCORPORATED
FORM 8-K
CURRENT REPORT
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
(a) On January 14, 2002, H.E.R.C. Products Incorporated (the "Company") engaged
the accounting firm of McGladrey & Pullen, LLP as its new independent
public accountants and dismissed Arthur Andersen LLP. The decision to
change the Company's accounting firm was recommended and approved by the
Company's Audit Committee of the Board of Directors and approved by the
Company's Board of Directors.
(b) During the two most recent fiscal years ended December 31, 2000 and 1999
and the subsequent interim reporting periods from the last audit date of
December 31, 2000, through and including the termination date of January
14, 2002, there were no disagreements between the Company and Arthur
Andersen LLP on any matter of accounting principles or practices, financial
statement disclosure, accounting scope or procedure, or any reportable
events.
(c) The report of Arthur Andersen LLP on the financial statements of the
Company for the past two fiscal years ended December 31, 2000 and 1999,
contained no adverse opinion or disclaimer of opinion and was not qualified
or modified as to uncertainty, audit scope, or accounting principles.
(d) The Company has not consulted with McGladrey & Pullen, LLP during the last
two fiscal years ended December 31, 2000 and 1999 or during the subsequent
interim reporting periods from the last audit date of December 31, 2000,
through and including the termination date of January 14, 2002, on either
the application of accounting principles or type of opinion McGladrey &
Pullen LLP might issue on the Company's financial statements.
(e) The Company has requested Arthur Andersen LLP to furnish a letter addressed
to the Securities and Exchange Commission stating whether Arthur Andersen
LLP agrees with the above statements made by the Company. A copy of this
letter addressed to the SEC, dated January 14, 2002, is filed as Exhibit 16
to this Form 8-K.
ITEM 7. EXHIBITS
16. Letter of Arthur Andersen LLP regarding the change in certifying
accountant.
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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.
Date: January 14, 2002 H.E.R.C. Products Incorporated
By: /s/ Michael H. Harader
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Michael H. Harader
Vice President, Chief Financial Officer
and Treasurer
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