UNITED STATES
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
February 26, 2003
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(Date of Report)
Claimsnet.com inc.
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(Exact name of registrant as specified in its charter)
Delaware 001-14665 75-2649230
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
12801 N. Central Expressway, Suite 1515, Dallas, Texas 75243
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(Address of principal executive offices)
(972) 458-1701
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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.)
ITEM 4. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT.
(a) Previous independent accountant:
(1) On February 20, 2003, the Registrant dismissed Ernst & Young
LLP, which served as the Registrant's independent public
accountants since 1999.
(2) The reports issued by Ernst & Young LLP on the financial
statements for the past two fiscal years of the Registrant did
not contain an adverse opinion nor a disclaimer of opinion,
and were not qualified or modified as to audit scope or
accounting principles. The report issued by Ernst & Young LLP
on the financial statements for the most recent fiscal year of
the Registrant was modified to include an explanatory
paragraph describing conditions that raised substantial doubt
about the Registrant's ability to continue as a going concern.
(3) The Registrant's Audit Committee approved the decision to
change independent public accountants.
(4) In connection with its audits for the two most recent fiscal
years and through February 20, 2003, there were no
disagreements with Ernst & Young LLP 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 Ernst &
Young LLP, would have caused Ernst & Young LLP to make
reference thereto in their report on the financial statements
for such years or such interim periods.
(5) The Registrant has requested that Ernst & Young LLP furnish it
with a letter addressed to the Commission stating whether or
not it agrees with the above statements. A copy of such
letter, dated February 26, 2003, is filed as Exhibit 1 to this
Form 8-K.
(b) New independent public accountants:
(1) The Registrant's Audit Committee approved the engagement of
King Griffin & Adamson P.C. and the Registrant engaged King
Griffin & Adamson P.C. as its new independent public
accountants as of February 20, 2003. During the two most
recent fiscal years and through February 20, 2003, the
Registrant has not consulted with King Griffin & Adamson P.C.
with respect to 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
Registrant's consolidated financial statements, or any other
matters or reportable events as set forth in Items
304(a)(1)(v) and (ii) of Regulation S-K.
(2) The Registrant has allowed King Griffin & Adamson P.C. to
review this Form 8-K before it is filed with the Commission.
King Griffin & Adamson P.C. has not furnished the Registrant
with a clarification, or disagreement with the information set
forth herein.
SIGNATURE
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: FEBRUARY 26, 2003
CLAIMSNET.COM INC.
BY: /S/ Paul W. Miller
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NAME: Paul W. Miller
TITLE: Chief Operating Officer and
Chief Financial Officer