UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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)
September 27, 2004
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CreditRiskMonitor.com, Inc.
(Exact name of registrant as specified in its charter)
Nevada 1-8601 36-2972588
(State or other jurisdiction of (Commission File Number) (IRS Employer
incorporation) Identification No.)
704 Executive Boulevard
Valley Cottage, NY 10989
(Address of principal executive offices, including zip code)
(845) 230-3000
(Registrant's telephone number, including area code)
110 Jericho Turnpike
Floral Park, NY 11001
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
|_| Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 4.01 Changes in Registrant's Certifying Accountant.
On September 27, 2004, CreditRiskMonitor.com, Inc. (the "Company") dismissed BDO
Seidman, LLP as its independent auditor.
Also, on September 27, 2004 the Company engaged J.H. Cohn LLP as its independent
public accountant for the fiscal year ending December 31, 2004. Each of these
actions were approved by the Audit Committee of the Company's Board of
Directors. On September 27, 2004, J.H. Cohn LLP advised the Company of its
acceptance of the engagement.
No BDO Seidman, LLP report on the Company's consolidated financial statements
for either of the past two fiscal years contained an adverse opinion or
disclaimer of opinion, or was modified as to uncertainty, audit scope or
accounting principles. In connection with the audits of the Company for the two
years ended December 31, 2002 and 2003, and the subsequent interim periods
through September 27, 2004 (the "Relevant Period"), there were no disagreements
with BDO Seidman, LLP on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedures, which if not
resolved to BDO Seidman LLP's satisfaction would have caused BDO Seidman, LLP to
make reference to the subject matter of the disagreement(s) in connection with
its reports. Also, during the Relevant Period there were no reportable events as
described in Item 304(a)(1)(iv)(B) of the Securities and Exchange Commission's
Regulation S-B.
During the Relevant Period, neither the Company nor, to the Company's knowledge,
anyone acting on the Company's behalf, consulted with J.H. Cohn LLP regarding
either: (i) the application of accounting principles to a specific transaction,
either completed or proposed, or the type of audit opinion that might be
rendered on the Company's financial statements; or (ii) any matter that was the
subject of a disagreement, as that term is described in the instructions to Item
304 of Regulation S-B, or a reportable event as described in Item
304(a)(1)(iv)(B) of Regulation S-B.
The Company provided BDO Seidman, LLP with a copy of the foregoing disclosures.
A letter from BDO Seidman, LLP to the Securities and Exchange Commission stating
its agreement with the above statements concerning BDO Seidman, LLP is attached
as Exhibit 16.1 to this Form 8-K.
Item 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit No. Description
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16.1 Letter from BDO Seidman, LLP to the Securities and
Exchange Commission, dated as of September 27, 2004
SIGNATURE
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.
CREDITRISKMONITOR.COM, INC.
Date: September 29, 2004 By: /s/ Lawrence Fensterstock
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Lawrence Fensterstock
Chief Financial Officer
EXHIBIT INDEX
Exhibit No. Description
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16.1 Letter from BDO Seidman, LLP to the Securities and Exchange
Commission, dated as of September 27, 2004