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): October 15, 2001
ONSITE ENERGY CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware
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(State or other jurisdiction of incorporation)
1-12738 33-0576371
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(Commission File Number) (IRS Employer Identification No.)
701 Palomar Airport Road, Suite 200, Carlsbad, CA 92009
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(Address of principal executive offices) (Zip Code)
(760) 931-2400
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(Registrant's telephone number, including area code)
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
(i) On October 15, 2001 Onsite Energy Corporation (the "Registrant") engaged
the accounting firm of Swenson Advisors, LLP, as its independent certifying
accountants for the remainder of the fiscal year ending June 30, 2002,
including preparation of the audit and 10-K for the fiscal year ended June
30, 2002.
(ii) On October 15, 2001, the Registrant notified Hein + Associates LLP of their
dismissal. Hein + Associates LLP was the independent certifying accountant
previously engaged to audit the Registrant's financial statements for the
period ended June 30, 2001.
(iii)The Registrant's engagement of Swenson Advisors, LLP, and the dismissal of
Hein + Associates LLP were recommended by the Registrant's Audit Committee
and approved by the Registrant's Board of Directors.
(iv) During the two fiscal years ended June 30, 2000, and June 30, 2001, and
through the subsequent interim period ended October 15, 2001, to the best
of the Registrant's knowledge, there were no disagreements with Hein +
Associates LLP on any matter of accounting principles or practices,
financial statement disclosure or auditing scope or procedure, which
disagreements if not resolved to the satisfaction of Hein + Associates LLP
would have caused that firm to make reference in connection with its report
on the financial statements of the Registrant for such years.
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(v) During the two fiscal years ended June 30, 2000, and June 30, 2001, and
through the subsequent interim period ended October 15, 2001, in accordance
with Rule 304 (a) (1) (iv) and in conjunction with the audit of the
Registrant's financial statements for the fiscal years ended June 30, 2000
and 2001, there were no reportable events.
(vi) The Registrant has authorized Hein + Associates LLP to respond fully to all
inquiries of Swenson Advisors, LLP.
Hein + Associates LLP reports on the financial statements as of and for the
years ended June 30, 2000, and June 30, 2001, contained no adverse opinions
or disclaimers of opinion and were not modified or qualified as to audit
scope or accounting principles, but did contain modifications as to the
Registrant's ability to continue as a going concern.
(vii)The Registrant requested that Hein + Associates LLP furnish a letter to
the Registrant addressed to the Securities and Exchange Commission stating
whether it agrees with the above statements. If Hein + Associates LLP
chooses to send such a letter, it will be filed as an amendment to this
Form 8-K within two days of receipt by the Registrant.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) EXHIBITS.
EXHIBIT NO. DESCRIPTION
None.
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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.
ONSITE ENERGY CORPORATION
Date: October 19, 2001 /s/ Paul E. Blevins
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Paul E. Blevins, Chief Financial Officer