UNITED STATES
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
November 20, 2003
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(Date of Report)
Equidyne Corporation
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(Exact name of registrant as specified in its charter)
Delaware 0-9922 04-2608713
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1620 - 400 Burrard Street, Vancouver, B.C., Canada, V6C 3A6
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(Address of principal executive offices)
(604) 683-5767
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(Registrant's telephone number, including area code)
N/A
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(Former name or former address, if changed since last report.)
ITEM 4. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT.
On November 19, 2003, the Audit Committee, as a committee of the whole Board of
Directors of Equidyne Corporation ("Equidyne") determined that Equidyne's
independent auditor, KBA Group LLP ("KBA"), would be replaced by Peterson
Sullivan PLLC ("Peterson Sullivan") as the independent auditor for Equidyne for
the year ending July 31, 2004, beginning with the quarter ended October 31,
2003. KBA was notified of this decision on November 19, 2003.
The reports issued by KBA on the financial statements for the past two fiscal
years of the Registrant did not contain any adverse opinion or disclaimer of
opinion, and was not qualified or modified as to uncertainty, audit scope or
accounting principles.
During the fiscal years ended July 31, 2003 and 2002 and through the date of
this Form 8-K, there were no disagreements with KBA on any matter of accounting
principles or practices, financial statement disclosure, or auditing scope or
procedure, which, if not resolved to the satisfaction of KBA, would have caused
KBA to make reference to the matter in their report on the financial statements
for such year or such interim periods. None of the "reportable events" described
in Item 304(a)(1)(v) of Regulation S-K of the Securities and Exchange Commission
have occurred during the fiscal years ended July 31, 2003 and 2002 or through
the date of this Form 8-K.
The Registrant has requested that KBA furnish it with a letter addressed to the
Commission stating whether or not it agrees with the above statements. A copy of
such letter, dated November 20, 2003, is filed as Exhibit 16.1 to this Form 8-K.
During the fiscal years ended July 31, 2003 and 2002 and through the date of
this Form 8-K, neither Equidyne nor anyone acting on its behalf consulted
Peterson Sullivan regarding (1) either the application of accounting principles
to a specified transaction, either completed or proposed, or the type of audit
opinion that might be rendered on Equidyne's consolidated financial statements
or (2) any matter that was either the subject of a disagreement with KBA on
accounting principles or practices, financial statement disclosure, or auditing
scope or procedures, which, if not resolved to the satisfaction of KBA, would
have caused KBA to make reference to the matter in their report, or a
"reportable event" as described in Item 304(a)(1)(v) of Regulation S-K of the
Securities and Exchange Commission.
ITEM 7. EXHIBITS.
16.1. Letter to the Securities and Exchange Commission from KBA Group LLP.
SIGNATURE
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.
DATED: NOVEMBER 20, 2003
EQUIDYNE CORPORATION
BY: /S/ ROY ZANATTA
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NAME: ROY ZANATTA
TITLE: CORPORATE SECRETARY