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
July 1, 2003
Date of Report
(Date of Earliest Event Reported)
Ameritrans Capital Corporation
(Exact name of Registrant as specified in its charter)
Delaware 333-63951 52-2102424
(State or other jurisdiction of (Commission (I.R.S. Employee
incorporation or organization) File No.) I.D. Number)
747 Third Avenue, 4th Floor
New York, New York 10017
(Address of principal executive offices) (Zip Code)
(800) 214-1047
(Registrant's telephone number, including area code)
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
(a) Previous Independent Accountants.
(i) Effective June 26, 2003, Ameritrans Capital Corporation ("Ameritrans" or the
"Registrant") dismissed Marcum & Kliegman, LLP ("M&K") as the principal
accountants to audit Ameritrans' financial statements.
(ii) The reports of M&K on the financial statements of Ameritrans for the past
two fiscal years contained no adverse opinion or disclaimer of opinion and were
not qualified or modified as to uncertainty, audit scope, or accounting
principle.
(iii) The decision to dismiss M&K was recommended and approved by Ameritrans'
Audit Committee.
(iv) In connection with its audits for the two most recent fiscal years through
June 30, 2002, there have been no disagreements with M&K 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
M&K would have caused them to make reference thereto in their report on the
financial statements for such years.
(v) During the two most recent fiscal years through June 30, 2002, Ameritrans
has had no reportable events (as defined in Item 304(a)(1)(v) of Regulation
S-K).
The Registrant requested M&K to furnish a letter addressed to the Securities and
Exchange Commission stating whether or not M&K agrees with the statements made
above and, if not, stating the respects in which it does not agree. A copy of
this letter, dated July 1, 2003, is filed as Exhibit 16.1 to this Form 8-K.
(b) Engagement of New Independent Accountants.
(i) Effective June 30, 2003, Ameritrans engaged the accounting firm of Rosen
Seymour Shapss Martin & Company LLP ("RSSM") as Ameritrans' new independent
accountants to audit Ameritrans' financial statements for the fiscal year ending
June 30, 2003.
(ii) Ameritrans has not consulted with RSSM during the last two years or
subsequent interim period on either the application of accounting principles or
type of opinion RSSM might issue on the Registrant's financial statements.
Item 7. Financial Statements and Exhibits
c. Exhibits
16.1 Letter from Marcum & Kliegman, LLP, dated July 1, 2003.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly authorized and caused the undersigned to sign this Report on
the Registrant's behalf.
AMERITRANS CAPITAL CORPORATION
By: /s/ Gary Granoff
----------------------
Name: Gary Granoff
Title: President
Dated: July 1, 2003
Exhibit Index
Exhibit
Number Description
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16.1 Letter from Marcum & Kliegman, LLP, dated July 1, 2003.
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