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 25, 2004
(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.)
3233 W. Kingsley, Garland, Texas 75041
(Address of principal executive offices)
(972) 840-3223 (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 25, 2004, Electric & Gas Technology, Inc. (the "Registrant" or
the "Company") dismissed Lightfoot Guest Moore & Co., PC ("LGM") as its
certifying accountants in order to engage a firm with a broader SEC practice.
The Registrant's Audit Committee has approved this action.
The audit reports of LGM on the Registrant's financial statements for
the year ended July 31, 2003 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 most recent fiscal year through July 25, 2004,
there were no disagreements with LGM 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 LGM, would have caused LGM
to make reference thereto in connection with its reports on the financial
statements for such time.
During the most recent fiscal year through July 25, 2004, 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 LGM on July
26, 2004. Concurrently therewith, the Registrant requested that LGM furnish it
with a letter addressed to the Securities and Exchange Commission (the "SEC")
stating whether LGM agrees with the above statements and, if not, stating the
respects in which LGM does not agree. Attached hereto as Exhibit 16.1 is a copy
of the letter of LGM to the SEC dated July 26, 2004.
On July 26, 2004, the Registrant engaged Turner, Stone & Company,
("Turner Stone") as its new independent accountant. The Registrant's Audit
Committee has approved this action.
During the Registrant's most recent fiscal year through July 26, 2004,
the Registrant did not consult with Turner Stone 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 Turner Stone 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 Lightfoot Guest Moore & Co., PC to the Securities
and Exchange Commission, dated July 26, 2004, regarding change
in certifying accountant.
Electric & Gas Technology, Inc.
(Registrant)
Date: July 27, 2004 By: /s/ George M. Johnston
-----------------------
George M. Johnston
Vice President &
Chief Financial Officer