UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of earliest event reported): July 26, 2001
MODERN RECORDS, INC.
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(Exact name of registrant as specified in its charter)
California 33-40804 95-3404374
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification Number)
1177 West Hastings Street
Vancouver, British Columbia
Canada V6E 2K3
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(Address of principal executive offices)
Registrant's telephone number, including area code: (604) 687-6820
N/A
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(Former names or former address, if changed from last report)
ITEM 4. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT.
On July 26, 2001, pursuant to consent of the Board of Directors, the Company
approved the engagement of Telford Sadovnick, P.L.L.C., as its independent
auditors for the fiscal year ending October 31, 2000, and in the subsequent
interim period to replace Hollander, Lumer & Co., LLP, who were dismissed as of
that date. The full Board of Directors approved the change in auditors on the
same date.
The report of Hollander, Lumer & Co., LLP, on the Company's financial statements
for the last fiscal year audit, which was October 31, 1999, did not contain an
adverse opinion or a disclaimer of opinion and was not qualified (except that of
a going concern) or modified as to uncertainty, audit scope, or accounting
principles.
In connection with the audit of the Company's financial statements for the year
ending October 31, 1998 and 1999, and any subsequent interim period preceding
the date of change, there were no disagreements with Hollander, Lumer & Co.,
LLP, on any matters of accounting principles or practices, financial statement
disclosure, or auditing scope and procedures which, if not resolved to the
satisfaction of Hollander, Lumer & Co., LLP, would have caused Hollander, Lumer
& Co., LLP, to make reference to the matter in their report.
The Company has requested Hollander, Lumer & Co., LLP, to furnish it with a
letter addressed to the Commission stating whether it agrees with the above
statements. A copy of that letter, dated July 27, 2001, is filed as Exhibit 1 to
this Form 8-K, as required by Item 304(a)(3) of Regulation S-K.
ITEM 7. FINANCIAL STATEMENT, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) Financial Statements of Businesses Acquired.
None
(b) Pro Forma Financial Information.
None
(c) Exhibits
16.1 Letter re change in Certifying Accountant.
Dated: August 3, 2001
MODERN RECORDS, INC.
By: /s/ Johan Grandin
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Johan Grandin
Chief Financial Officer
INDEX TO EXHIBITS
Exhibit No. Description
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16.1 Letter re change in Certifying Accountant.