U.S. 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): March 1, 2006
Tilden Associates, Inc.
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(Exact name of registrant as specified in its charter)
Delaware
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(State or other jurisdiction of incorporation)
000-1027484 11-3343019
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(Commission File No.) (IRS Employer Identification No.)
300 Hempstead Turnpike
Suite 110
West Hempstead, NY 11552
(516) 746-7911
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(Address and telephone number of principal executive offices and
place of business)
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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)
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13ed-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Section 4 - Matters Related to Accountants and Financial Statements
Item 4.01 Changes in Registrant's Certifying Account
(a) On March 1, 2006, the Registrant notified its Independent
Auditor, Goldstein & Ganz, CPA's, P.C, 98 CUTTERMILL ROAD, GREAT NECK, NEW YORK
11021, (516) 487-0110, that it was being replaced as the Independent Auditor of
the Registrant, by Aaron Stein, C.P.A. This action was previously approved by
the Board of Directors March 1, 2006.
On March 1, 2006, the management of the Registrant engaged Aaron Stein, C.P.A.,
located at PO Box 406, 981 Allen Lane, Woodmere, NY 11598, 516-569-0520, as its
independent auditors to audit its financial statements for the fiscal year ended
December 31, 2005. The decision to retain Aaron Stein, C.P.A. was approved by
the Registrant's Board of Directors.
During the period of their engagement through March 1, 2006, there were no
disagreements between Goldstein & Ganz, CPA's, P.C, and the Registrant 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 Goldstein & Ganz, CPA's, P.C, would have caused them to make
reference to the subject matter of the disagreement in connection with its
reports on the Registrant's financial statements, other than the fee dispute
that has arisen between the parties.
The Registrant has furnished Goldstein & Ganz, CPA's, P.C with a copy of this
report and has requested them to furnish a letter addressed to the Securities
and Exchange Commission stating whether it agrees with the above statements. A
copy of the resignation letter is to be attached as Exhibit 16 to this Form 8-K
by amendment.
(b) Effective March 1, 2006, Aaron Stein, C.P.A., has been
retained as independent auditor of Tilden Associates, Inc., the Registrant, and
was retained as independent auditor of the registrant for the fiscal year ending
December 31, 2005. Prior to the engagement, Registrant did not consult with
Aaron Stein, C.P.A. regarding the application of accounting principles to a
specified transaction, or the type of audit opinion that may be rendered with
respect to the Registrant's financial statements, as well did not consult with
Aaron Stein, C.P.A., as to the application of accounting principles to a
specific completed or contemplated transaction, or the type of audit opinion
that might be rendered on the small business issuer's financial statements and
either written or oral advice was provided that was an important factor
considered by the small business issuer in reaching a decision as to the
accounting, auditing or financial reporting issue.
Section 8 - Other Events
Item 8.01 Other Events.
On January 23, 2006, the Registrant entered into a Letter of Intent with Global
Cornerstone Group, Inc. ("Global"), of Hauppauge, New York, whereby Registrant
will acquire 100% of the issued and outstanding shares of common stock of
Global, for approximately 95% of the issued and outstanding shares of Registrant
at the time of the transaction.
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The Letter of Intent was amended on March 24, 2006, as annexed hereto, that the
transaction was to close no later than March 30, 2006.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits
(c) Exhibits.
16. Letter from Goldstein & Ganz, CPA's, P.C, to the
Commission, concerning change in certifying
accountant - TO BE FILED BY AMENDMENT
99.1 Amendment to Letter of Intent, dated March 24, 2006
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.
Dated: March 17, 2006
Tilden Associates, Inc.
By: /s/ ROBERT BASKIND
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Robert Baskind, President
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