SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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) May 27, 2002
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HOLLYWOOD MEDIA CORP.
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(Exact Name of Registrant as Specified in Charter)
Florida 0-22908 65-0385686
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(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
2255 Glades Road, Suite 237 West, Boca Raton, Florida 33431
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (561) 998-8000
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INFORMATION TO BE INCLUDED IN THE REPORT
Item 4. - Changes in Registrant's Certifying Accountant.
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On May 27, 2002, Hollywood Media Corp. (the "Company") terminated the engagement
of its independent certified public accountants, Arthur Andersen LLP
("Andersen") and engaged the services of Ernst & Young LLP ("Ernst & Young") as
its new independent auditors for the Company's fiscal year ending December 31,
2002, effective immediately. These actions followed the Company's decision to
seek proposals from independent accountants to audit the Company's financial
statements for the fiscal year ending December 31, 2002. The decision to
terminate Andersen and retain Ernst & Young was approved by the Company's Board
of Directors upon the recommendation of its Audit Committee.
None of the audit reports of Andersen on the Company's consolidated financial
statements as of and for the fiscal years ended December 31, 2000 and 2001
contained an adverse opinion or a disclaimer of opinion nor was any such audit
report qualified or modified as to uncertainty, audit scope or accounting
principles.
During the two most recent fiscal years ended December 31, 2000 and 2001, and
the subsequent interim period through May 27, 2002, there were no disagreements
between the Company and Andersen on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or procedure which
disagreements, if not resolved to Andersen's satisfaction, would have caused
Andersen to make reference to the subject matter of the disagreement in
connection with its reports.
None of the reportable events described under Item 304(a)(1)(v) of Regulation
S-K occurred within the two most recent fiscal years ended December 31, 2000 and
2001, or within the interim period through May 27, 2002.
A letter from Andersen to the Securities and Exchange Commission is attached
hereto as Exhibit 16.1
During the two most recent fiscal years ended December 31, 2000 and 2001, and
the subsequent interim period though May 27, 2002, the Company did not consult
with Ernst & Young regarding any of the matters or events set forth in Item
304(a)(2)(i) and (ii) of Regulation S-K.
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Item 7. - Financial Statements and Exhibits.
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(c) Exhibits.
16.1 Letter dated May 27, 2002 from Arthur Andersen LLP to the Securities
and Exchange Commission.
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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.
HOLLYWOOD MEDIA CORP.
By:/s/ Mitchell Rubenstein
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Mitchell Rubenstein
Chairman and Chief Executive Officer
Date: May 27, 2002
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EXHIBIT INDEX
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Exhibit Number Description
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16.1 Letter dated May 27, 2002 from Arthur Andersen LLP to the
Securities and Exchange Commission.