SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
(Amendment No. 1)
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported): August 12, 2003
SUPREME HOLDINGS, INC.
(Exact Name of Registrant as Specified in its Charter)
NEVADA
(State or Other Jurisdiction of Incorporation)
333-45210 88-0460457
(Commission File Number) (IRS Employer Identification Number)
340 N. Sam Houston Parkway E., Suite 100
Houston, Texas 77060
(Address of Principal Executive Offices and Zip Code)
(713) 621-4799
(Registrant's Telephone Number, Including Area Code)
This Amendment No. 1 to the Form 8-K filed August 13, 2003, amends the
disclosure in Item 4 in its entirety to include a statement to the effect that
during the our two most recent fiscal years and the subsequent interim period
through the date of termination of our former independent auditor there was no
reportable event of the type described in Item 304(a)(1)(v) of Regulation S-K.
Attached hereto as Exhibit 16.2 is a letter from our former independent auditor
indicating that it agrees with the statements made in this Form 8-K/A.
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
Clyde Bailey, P.C., served as our independent auditor for the fiscal year
ended December 31, 2002. On August 6, 2003, the Board of Directors resolved to
dismiss Clyde Bailey, P.C., as our independent auditor for the fiscal year
ending December 31, 2003, and to retain Malone & Bailey, PLLC. On August 6,
2003, we formally engaged Malone & Bailey, PLLC and notified Clyde Bailey, P.C.,
of its dismissal and the subsequent engagement of Malone & Bailey, PLLC.
The reports of Clyde Bailey, P.C., on our consolidated balance sheets as of
December 31, 2001 and 2002, and the related consolidated statements of
operations, shareholders' equity and cash flows for each of the three years in
the period ended December 31, 2002, included in our annual report on Form 10-KSB
filed April 15, 2003, contained no adverse opinion or disclaimer of opinion and
were not qualified as to uncertainty, audit scope or accounting principles.
During such fiscal years and the interim periods preceding the date of
dismissal:
(i) there have been no disagreements with Clyde Bailey, P.C., 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 Clyde Bailey, P.C., would have caused them to make
reference thereto in their report on our consolidated financial statements
for such periods; and
(ii) there have been no reportable events of the type described in Item
304(a)(1)(v) of Regulation S-K; namely, we were not advised by Clyde
Bailey, P.C., that:
(A) internal controls necessary for us to develop reliable financial
statements do not exist;
(B) that information had come to its attention that led it to no longer be
able to rely on management's representations or that made it unwilling
to be associated with the financial statements prepared by management;
(C) that it needed to significantly expand the scope of its audit, or that
information had come to its attention that if further investigated may
materially impact the fairness or reliability of either a previously
issued audit report or the underlying financial statements or the
financial statements issued or to be issued covering the fiscal period
subsequent to the date of the most recent financial statements covered
by an audit report, or that caused it to be unwilling to rely on
management's representations or be associated with our financial
statements: or
(D) that information had come to its attention that it concluded
materially impacts the fairness or reliability of either a previously
issued audit report or the underlying financial statements or the
financial statements issued or to be issued covering the fiscal period
subsequent to the date of the most recent financial statements covered
by an audit report.
We have previously provided Clyde Bailey, P.C., a copy of the disclosures
contained in this amended report and have requested that Clyde Bailey, P.C.,
furnish us with a letter, addressed to the SEC, stating whether it agrees with
the statements made in this amended report and, if not, stating the respects in
which it does not agree. Clyde Bailey, P.C., has provided us with a letter,
dated September 24, 2003, stating that it agrees with the above statements. A
copy of this letter is filed as Exhibit 16.2 to this Form 8-K/A.
We did not consult with Malone & Bailey, PLLC, on any accounting, auditing
or financial reporting issue during the two fiscal years preceding the date of
dismissal report or any interim period. We have previously provided Malone &
Bailey, PLLC, with a copy of the disclosure contained in this amended report,
have requested that it review the disclosure, and have requested that it provide
us with a letter addressed to the SEC to the extent that it disagrees with any
of the statements contained herein or has any new or clarifying information to
disclose. Malone & Bailey, PLLC, has indicated to us that it does not disagree
and has no new or clarifying information to report.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
Exhibits.
16.2 Letter from Clyde Bailey, P.C., to the Securities and Exchange
Commission regarding the change in independent auditor.
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.
SUPREME HOLDINGS, INC.
(Registrant)
Date: September 29, 2003 By: /s/ Jim C. Pyle
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Jim C. Pyle, Chief Financial Officer