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: March 5, 2002
EMERGENT GROUP INC.
(Exact name of Registrant as specified in Charter)
Nevada 0-21475 93-1215401
(State or other jurisdiction of (Commission File No.) (IRS Employer
incorporation Identification
Number)
375 Park Avenue, 36th Floor, New York, New York 10152
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 813-9700
Item 4. Changes in Registrant's Certifying Accountant
On March 5, 2002, Arthur Andersen LLP ("AA") notified the Registrant that
it was no longer the Registrant's independent auditor and effectively resigned
from such capacity.
AA's report on Registrant's financial statements for the period from March
8, 2000 (the date of inception) to December 31, 2000 (collectively, the "Prior
Fiscal Year"), did not contain an adverse opinion or disclaimer of opinion, nor
was such report qualified or modified as to uncertainty, audit scope or
accounting principles.
The decision of AA to resign was not recommended or approved by
Registrant's Board of Directors.
There were no disagreements ("Disagreements") between Registrant and AA
during either (i) the Prior Fiscal Year, or (ii) the period January 1, 2001
through March 5, 2002 (the "Interim Period") on any matter of accounting
principles or practices, financial statement disclosure, or auditing scope or
procedure, which Disagreement, if not resolved to the satisfaction of AA, would
have caused AA to make reference to the subject matter of the Disagreement in
connection with its report for the Prior Fiscal Year.
There were no "Reportable Events," as such term is defined in Item
304(A)(1)(v) of Regulation S-K, during either (i) the Prior Fiscal Year or (ii)
the Interim Period.
Pursuant to Item 4(a) of Form 8-K and Item 304(a)(3) of Regulation S-K,
Registrant has provided AA with a copy of this Report on Form 8-K and AA has
provided to Registrant a response addressed to the Securities and Exchange
Commission as to AA's agreement with the statements made in this Item 4 as to
AA. Such response is filed as Exhibit 99 under Item 7c)(I) to this Report on
Form 8-K.
Registrant has engaged Singer Lewak Greenbaum & Goldstein LLP ("SLGG") as
its independent auditor for Registrant's fiscal year ended December 31, 2001.
Registrant did not consult SLGG with respect to either (i) the Prior Fiscal
Year, (ii) the Interim Period with respect to 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 Registrant's financial
statements, or (iii) any matter that was either the subject of a Disagreement or
a Reportable Event.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) (i) Exhibit 99 - Letter from AA dated March 13, 2002
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.
Dated: March 13, 2002 EMERGENT GROUP INC.
(Registrant)
By: /s/ Mark Waldron
Mark Waldron, President and
Chief Executive Officer