UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) September 9, 2002
EUROTECH, LTD.
(Exact name of registrant as specified in its charter)
DISTRICT OF COLUMBIA 000-22129 33-0662435
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
10306 EATON PLACE, SUITE 220
FAIRFAX, VIRGINIA 22030
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(Address of principal executive offices) (Zip Code)
(703) 352-4399
(Registrant's telephone number, including area code)
NOT APPLICABLE
(Former name or former address, if changed since last report)
ITEM 4. CHANGE IN THE REGISTRANT'S CERTIFYING ACCOUNTANT.
Effective as of September 9, 2002, Eurotech, Ltd. (the "Company") as a result of
the recent merger of several of the Partners of Grassi & Co., CPA's P.C. into
Marcum & Kliegman, LLP, dismissed Grassi & Co., CPA's P.C., and engaged Marcum &
Kliegman, LLP as its independent accountant. The decision to change accountants
was approved by the Board of Directors of the Company.
The Grassi & Co., CPA's, P.C. report on the Company's financial statements for
the past two years ended December 31, 2001 and 2000 contained no adverse opinion
or disclaimer of opinion and were not qualified or modified as to uncertainty,
audit scope or accounting principles; however, Grassi & Co., CPA's, P.C. did
modify its opinion due to going concern uncertainties.
During the two most recent years ended December 31, 2001 and 2000, and the
subsequent interim period through September 9, 2002, there were no disagreements
with Grassi & Co., CPA's, P.C. 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 Grassi & Co., CPA's, P.C.,
would have caused Grassi & Co., CPA's, P.C. to make reference thereto in their
report on the financial statements for such years.
During the two most recent years and the subsequent interim period through
September 9, 2002, there were no reportable events (as defined in Regulation S-K
Item 304(a)(1)(v)).
During the two most recent years and the subsequent interim period through
September 9, 2002, the Company nor anyone on its behalf, has consulted with
Marcum & Kliegman, LLP regarding (i) 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 Company's financial statements:
or (ii) any matter that was either the subject of a disagreement, as that term
is defined in Item 304(a)(1)(iv) of regulation S-K and the related instructions
to Item 304 of Regulation S-K, or a reportable event, as that term is defined in
Item 304(a)(1) (v) of Regulation S-K.
The Company has asked Grassi & Co. CPA's P.C. to furnish the Company with a
letter addressed to the Securities and Exchange Commission stating whether
Grassi & Co. CPA'S P.C. agrees with the above statements.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
The following are provided as Exhibits to this Form 8-K:
(c) Exhibits
Exhibit No Document Description
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16.1 Letter from Grassi & Co. CPA's P.C. *
* to be filed by amendment.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
EUROTECH, LTD.
September 13, 2002
BY: /S/ DON V. HAHNFELDT
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DON V. HAHNFELDT
PRESIDENT AND CEO