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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):
October 6, 2000
SPARTA SURGICAL CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 1-11047 22-2870438
(State or other juris- (Commission (I.R.S. Employer ID
diction of incorpor- File Number) Number)
tion)
Olsen Centre
2100 Meridian Park Blvd., Concord, CA 94520
(Address of principal executive offices)
Registrant's telephone number, including area code (925) 825-8151
not applicable
(Former name or former address, if changed since last report)
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANTS
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(a) DISMISSAL OF INDEPENDENT ACCOUNTANT. On October 2, 2000, the
Registrant's Board of Directors, upon recommendation of its Audit Committee,
dismissed Grant Thornton, LLP as the Registrant's principal independent
accountant engaged to audit the Registrant's financial statements.
The independent auditor's report of Grant Thornton on the consolidated
financial statements of the Registrant for each of the two years in the period
ended February 29, 2000, contained no adverse opinion or disclaimer of opinion
and was not qualified as to uncertainty, audit scope or accounting principle.
In connection with the audits of the Company's financial statements for each of
the two fiscal years ended February 29, 2000 and February 28, 1999, and during
the most recent interim period preceding Grant Thornton LLP's dismissal, there
were no disagreements between the Company and Grant Thornton LLP on any matter
of accounting principle or practice, financial statement disclosure, or auditing
scope or procedure, which disagreements, if not resolved to the satisfaction of
Grant Thornton LLP, would have caused it to make reference to the subject matter
of the disagreement in connection with its report. The Company has requested
Grant Thornton LLP to furnish it a letter addressed to the Commission stating
whether it agrees with the above statements. A copy of that letter dated October
3, 2000 is filed as Exhibit 16.1 to this Form 8-K.
(b) ENGAGEMENT OF INDEPENDENT ACCOUNTANT. On October 3, 2000, the
Registrant's Board of Directors, upon recommendation of its Audit Committee,
appointed Angell & Deering LLP as its new independent accountants.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
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(c) Exhibits:
16.1 Letter re: Change in independent accountant dated October 3,
2000.
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.
SPARTA SURGICAL CORPORATION
(Registrant)
By: /s/ Thomas F. Reiner
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Thomas F. Reiner, Chairman of
the Board, President & CEO
Dated: October 6, 2000