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): February 19, 2003 COMMISSION FILE NUMBER: 0-21322 Out Takes, Inc. (Exact name of registrant as specified in its charter) Delaware 95-4363944 -------------------------------------- ------------------------- (State or jurisdiction of incorporation (I.R.S. Employer I.D. No.) or organization 3811 Turtle Creek Blvd., Ste. 350, Dallas, Texas 75219 (Address of principal executive offices) (Zip Code) -------------------------------------- ---------------- Registrant's telephone number: (214) 528-8200 NONE ------------------------------------------------------ (Former name or former address, if changed since last report) Item 1. Not Applicable Item 2. Acquisition or Disposition of Assets Not Applicable Item 3. Bankruptcy or Receivership Not Applicable Item 4. Changes in Registrant's Certifying Accountant On February 13, 2003, Registrant engaged Rogelio G. Castro, Certified Public Accountants in place and in stead of Stonefield Josephson, Inc., as its independent accountant. The former accountant was dismissed by the company in February 2003. The principal accountant's report on the financial statements for the past year did not contain an adverse opinion or disclaimer of opinion, nor was it modified as to uncertainty, audit scope, or accounting principles. The decision to change accountants was approved by the board of directors of the company. There were no disagreements with the former accountant, whether or not resolved, on any matter of accounting principles or practices, financial statement disclosures, or auditing scope or procedure which, if not resolved to the former accountant's satisfaction, would have caused it to make reference to the subject matter of the disagreements in connection with its report. Item 5. Other Events Not applicable Item 6. Resignations of Registrant's Directors Not applicable Item 7. Financial Statements and Exhibits Not applicable (c) Exhibits. 1. Letter of Stonefield Josephson dated February 19, 2003. SIGNATURES Pursuant to the requirements of the Securities Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: February 19, 2003 Out Takes, Inc. James C. Harvey - ----------------------------- James C. Harvey By: Chairman, Chief Executive Officer, Secretary, Director Exhibit 1. Letter of Stonefield Josephson dated February 19, 2003. Stonefield Josephson, Inc., Certified Public Accountants 18500 Von Karman Avenue, Suite 560 Irvine, California February 19, 2003 Securities and Exchange Commission Washington, D.C. 20549 Re: Out Takes, Inc. Commission File No. 0-21322 Dear Securities and Exchange Commission: We are the former accountants for the above-referenced company. We have reviewed the company's disclosures contained in Item 4 of their current report on Form 8-K, and agree with them. Sincerely yours, Stonefield Josephson, Inc. - -------------------------- Certified Public Accountants