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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
Date of Report (Date of earliest event reported) June 18, 1998
SCHLOTZSKY'S, INC.
(Exact name of registrant as specified in its charter)
TEXAS 0-27008 74-2654208
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation or organization) Identification
Number)
203 Colorado Street
Austin, Texas 78701
(Address of principal executive offices)
(512) 236-3600
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report.)
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
On May 8, 1998, the registrant reported that Coopers & Lybrand L.L.P., the
registrant's auditors for fiscal years 1994 through 1997, had resigned
effective May 4, 1998. Their letter expressing agreement with the Company's
statements in such report on Form 8-K was included as an exhibit to such
report.
On June 18, 1998, Grant Thornton LLP was engaged by the Company's Board of
Directors as the new independent accountant of the Company to replace Coopers
& Lybrand L.L.P.
During the two fiscal years, and any interim period, preceding June 18, 1998,
neither the Company nor anyone on its behalf consulted Grant Thornton LLP on
accounting principles, audit opinions or financial reporting matters.
The Company requested Grant Thornton LLP to review the disclosures required
in this Report before it was filed with the Commission and provided them with
the opportunity to furnish the Company with a letter addressed to the
Commission containing any new information, or any clarification of the
Company's views or statements by Grant Thornton LLP that it does not agree
with the statements made in this Report. Grant Thornton LLP has informed the
Company that it has reviewed these disclosures and does not intend to furnish
the Company with such a letter.
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 thereunto duly authorized.
SCHLOTZSKY'S, INC.
By: /s/ John C. Wooley
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John C. Wooley, President
and Chief Executive Officer
By: /s/ Monica Gill
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Monica Gill
Chief Financial Officer
Austin, Texas
June 19, 1998