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) AUGUST 1, 2005.
SENTRY TECHNOLOGY CORPORATION
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(Exact Name of Registrant as specified in charter)
Delaware 1-12727 96-11-3349733
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(State or other jurisdic- (Commission (IRS Employer
tion of incorporation) File Number) Identification No.)
1881 Lakeland Avenue, Ronkonkoma, New York 11779
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(Address of principal executive offices) (Zip Code)
631/ 739-2100
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Registrant's telephone number, including area code
N/A
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(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
INFORMATION TO BE INCLUDED IN THIS REPORT
ITEM 4.01 - CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
(a)(1) Previous independent accountants
(i) Effective August 1, 2005, we dismissed Holtz Rubenstein Reminick LLP ("HRR")
as our independent accountant.
(ii) The reports of HRR on our financial statements for the fiscal years ended
December 31, 2003 and 2004 did not contain any adverse opinion or a disclaimer
of opinion, and were not qualified or modified as to uncertainty, audit scope or
accounting principles.
(iii) The decision to change our independent accountant was approved by our
Board of Directors.
(iv) In connection with the audits of the our two most recent fiscal years ended
December 31, 2003 and 2004, and for the subsequent interim periods preceding
this dismissal, there were no disagreements with HRR on any matter of accounting
principles or practices, financial statement disclosure, or auditing scope or
procedures, which disagreements, if not resolved to the satisfaction of HRR,
would have caused HRR to make reference to the subject matter of the
disagreement in connection with its reports on our financial statements for such
years or interim periods.
We have provided a copy of this report to HRR and requested that it furnish a
letter addressed to the Securities and Exchange Commission stating whether it
agrees with the statements made by us in response to this item. A copy of that
letter, dated August 2, 2005 is filed as Exhibit 16.1 of this Form 8-K.
(a)(2) New independent accountants
Effective August 1, 2005, we engaged SF Partnership LLP ("SF") as our new
independent accountant to conduct the audits of the operations of the Company's
financial statements for the year ended December 31, 2005. Prior to August 1,
2005, there were no consultations between Sentry and SF regarding the
application of accounting principles to a specific completed or contemplated
transaction, or the type of audit opinion that might be rendered on our
financial statements.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits
Exhibit 16.1 - Holtz Rubenstein Reminick LLP letter to Securities and Exchange
Commission.
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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.
SENTRY TECHNOLOGY CORPORATION
By: /s/ Peter J. Mundy Date: August 3, 2005
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Peter J. Mundy
Vice President and Chief Financial Officer
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