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) June 1, 1998
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TRANSACT INTERNATIONAL INC.
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(Exact name of registrant as specified in its charter)
Connecticut 0-8422 06-0732124
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(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
22 Thorndal Circle, Darien, Connecticut 06820
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(Address of principal executive offices)
Registrant's telephone number, including area code 203-656-0777
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(Former name, former address and former fiscal year,
if changed since last report)
Item 4. Changes in Registrant's Certifying Accountants
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Transact International Inc. (the "Company") dismissed its accountants, Deloitte
& Touche LLP ("former accountants ") and engaged Marden, Harrison & Kreuter
Certified Public Accountants P.C. ("new accountants") effective May 8, 1998.
This change in accountants has been approved by the audit committee and the
Board of Directors.
The former accountants' report on the financial statements of the Company for
the past two years contained an uncertainty as to the Company's ability to
continue as a going concern. However, the former accountants' report on the
financial statements of the Company for the past two years did not contain an
adverse opinion, or disclaimer of opinion or qualification or modification as to
audit scope or accounting principles. During the two most recent fiscal years
and through the date of this report the Company had no disagreements with the
former accountant on any matter of accounting principles or practices, financial
statement disclosure or auditing scope or procedures or any reportable events.
In addition, during the two most recent fiscal years and subsequent to the last
fiscal year prior to engaging the new accountants neither the registrant nor
someone on its behalf consulted the newly engaged accountants regarding 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 the
registrants financial statements.
Item 7. Financial Statements and Exhibits
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We are in the process of obtaining the required letter from our former
accountants', Deloitte & Touche LLP. We will file an amended Form 8-K upon
receipt of the letter.
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 thereunto duly authorized.
TRANSACT INTERNATIONAL INC.
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(Registrant)
Date: June 1, 1998
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/s/ Bruno S. Frassetto
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Bruno S. Frassetto
President