UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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 reported) May 7, 2008
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Moller International, Inc.
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(Exact name of registrant as specified in its chapter)
CALIFORNIA 68-0006075
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(State or other jurisdiction (Commission (IRS Employer
of incorporation File Number) Identification No.)
1222 RESEARCH PARK DRIVE, DAVIS CA 95618-4849
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(Address of principal executive offices) (Zip Code)
Telephone Number: (530) 756-5086
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(Former name or former address, if changed since last report)
ITEM 4.01 Changes in Registrant's Certifying Accountant
In Moller International, Inc ("MI") SEC Form 8-K filed on April 4, 2008,
we announced the termination of the service agreement with The Reznick Group PC
("Reznick Group ") as the Company's independent accounting firm, which was
effective April 3, 2008.
The accounting firm had served as the Company's independent auditors from
January 21, 2008 to April 4, 2008. The Company and the Board determined that
Reznick Group's current internal administrative procedures, management practices
and responsiveness did not satisfy the Company's requirements. The termination
action by the Company was voluntary, unilateral and at its sole discretion and
is not the result of any discrepancy or disagreement with Reznick Group
regarding the Company's financial recordkeeping or reporting thereof.
On April 30, 2008 the Company received correspondence from the Securities
Exchange Commission ("Commission") stating the Company's April 4, 2008 Form 8-K
failed to provide the necessary disclosures of Item 304 of Regulation S-B, and
specifically that a confirmation from the accounting firm acknowledging there
were no issues pending resolution or any unresolved disagreements on any matter
of accounting principles or practices, financial statement disclosure, or
auditing scope or procedure as of the date of dismissal.
To address these perceived shortfalls, the Company now provides the
following clarifications:
1. The former accountant was dismissed effective April 3, 2008.
2. There were no pending unresolved disagreements or adverse opinions on
any matter of accounting principles or practices, financial statement
disclosure, or auditing scope or procedure during the registrant's two
most recent fiscal years and during the subsequent interim period
proceeding up to the date of the accounting firm's dismissal on April
3, 2008.
3. The Company's Audit Committee recommended the dismissal of Reznick
Group PC to the Company's Board of Directors (the "Board").
Subsequently the Board unanimously agreed with the recommendation and
instructed the Company's President to carryout the change of
accountants.
Furthermore the Company acknowledges its responsibility for the adequacy
and accuracy of the disclosures in its filings and that the Commission staff
comments or changes to disclosures in response to staff comments in the filings
reviewed by the staff do not foreclose the Commission from taking any action
with respect to the filing, and the Company may not assert staff comments as a
defense in any proceeding initiated by the Commission or any person under the
federal securities laws of the United States.
ITEM 9.01. Financial Statements and Exhibits
(c) Exhibits.
1. Letter dated May 7, 2008 from The Reznick Group, PC to MI
acknowledging the accuracy of the statements regarding pending or
unresolved accounting issues identified in the Company's SEC Form 8-K
dated May 7, 2008.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
Moller International I has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
/s/Paul S. Moller, President
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(Registrant)
Date: May 7, 2008
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