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
July 16, 2003
(Date of earliest event reported)
Commission file number: 014754
ELECTRIC AND GAS TECHNOLOGY, INC.
(Exact name of small business issuer as specified in its charter)
TEXAS 75-2059193
(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
13636 Neutron Road, Dallas, Texas 75244-4410
(Address of principal executive offices)
(972) 934-8797 (Issuer's telephone number)
NOT APPLICABLE
(Former name, former address and former fiscal year, if changed
since last report)
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
On July 16, 2003, Electric & Gas Technology, Inc. (the "Registrant" or
the "Company") dismissed Whitley Penn (formerly "Jackson & Rhodes PC) as its
certifying accountants. The Registrant's Audit Committee has approved this
action.
The audit reports of Whitley Penn on the Registrant's financial
statements for the years ended July 31, 2002 and 2001 did not contain any
adverse opinion or disclaimer of opinion and were not qualified or modified as
to uncertainty, audit scope or accounting principles.
During the Registrant's two most recent fiscal years and through July
16, 2003, there were no disagreements with Whitley Penn 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
Whitley Penn, would have caused Whitley Penn to make reference thereto in
connection with its reports on the financial statements for such years.
During the two most recent fiscal years and through July 16, 2003,
there have been no reportable events (as defined in Regulation S-K Item
304(a)(1)(v)).
The Registrant delivered a copy of this Form 8-K report to Whitley Penn
on July 16, 2003. Concurrently therewith, the Registrant requested that Whitley
Penn furnish it with a letter addressed to the Securities and Exchange
Commission (the "SEC") stating whether Whitley Penn agrees with the above
statements and, if not, stating the respects in which Whitley Penn does not
agree. Attached hereto as Exhibit 16.1 is a copy of the letter of Whitley Penn
to the SEC dated July 16, 2003.
On July 16, 2003, the Registrant engaged Lightfoot Guest Moore & Co.,
PC ("LGM") as its new independent accountant. The Registrant's Audit Committee
has approved this action.
During the Registrant's two most recent fiscal years and through July
16, 2003, the Registrant did not consult with LGM regarding either (1) the
application of accounting principles to a specified transaction, either
completed or proposed; or the type of audit opinion that might be rendered on
the Registrant's financial statements, and neither a written report was provided
to the Registrant or oral advice was provided that LGM concluded was an
important factor considered by the Registrant in reaching a decision as to the
accounting, auditing, or financial reporting issue; or (2) any matter that was
either the subject of a disagreement, as defined in Item 304(a)(1)(iv)of
Regulation S-K, or a reportable event pursuant to Item 304(a)(1)(v) of
Regulation S-K.
ITEM 7. - FINANCIAL STATEMENTS AND EXHIBITS
c) Exhibits.
Exhibit Number Description
16.1 Letter from Whitley Penn to the Securities and Exchange Commission,
dated July 16, 2003, regarding change in certifying accountant.
Electric & Gas Technology, Inc.
(Registrant)
Date: July 16, 2003 By: /s/ George M. Johnston
-----------------------
George M. Johnston
Vice President &
Chief Financial Officer