SECURITIES AND EXHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K/A
(AMENDMENT NO. 1)
CURRENT REPORT
PURSUANT TO SECTION 13 OF 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) November 20, 1998
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ILX RESORTS INCORPORATED
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(Exact Name of Registrant as Specified in its Charter)
Arizona 001-13855 86-054171
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(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification Number)
2111 East Highland Avenue, Suite 210, Phoenix, Arizona 85016
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (602) 957-2777
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ITEM 4. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT
ILX Resorts Incorporated, an Arizona corporation ("ILX"), is filing
this Amendment No. 1 to its Current Report on Form 8-K, dated November 20, 1998
(the "Form 8-K"), in order to file as an exhibit a letter from Deloitte & Touche
LLP ("D&T") to the U.S. Securities and Exchange Commission. Pursuant to Item
304(a)(3) of Regulation S-K, D&T has provided such letter for the purposes of
stating whether or not it disagrees with the statements made by ILX in the Form
8-K. A copy of D&T's letter is filed herewith.
ILX disagrees with that portion of the fourth sentence of the fourth
paragraph of D&T's letter which states that D&T advised ILX's Chief Financial
Officer, its Chairman and Chief Executive Officer, its President, and one of the
two members of its Audit Committee, that "D&T believed the 9/30/98 Financial
Statements were misstated". At no time during the course of D&T's discussions
with such officers and director of ILX did D&T state that ILX's treatment of the
transaction constituted a misstatement, rather D&T stated that it was a
disagreement.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements
None
(b) Pro Forma Financial Information
None
(c) Exhibits
16 Letter, dated December 8, 1998, from Deloitte & Touche LLP to the
U.S. Securities and Exchange Commission
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EXHIBITS
NO. DESCRIPTION METHOD OF FILING
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16 Letter, dated December 8, 1998, from Filed Herewith
Deloitte & Touche LLP to the U.S.
Securities and Exchange Commission
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this Amendment No. 1 to its report on Form 8-K to be
signed on its behalf by the undersigned hereunto duly authorized.
ILX RESORTS INCORPORATED
By: /s/ Joseph P. Martori
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Joseph P. Martori
Chief Executive Officer
Date: December 11, 1998
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