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
Date
of
Report (Date of earliest event reported): October 6, 2006
Patient
Safety Technologies, Inc.
(Exact
name of registrant as specified in its charter)
|
Delaware
(State
or Other Jurisdiction
of
Incorporation)
|
001-09727
(Commission
File
Number)
|
13-3419202
(I.R.S.
Employer
Identification
Number)
|
1800
Century Park East, Ste. 200, Los Angeles, CA 90067
(Address
of principal executive offices) (zip code)
(310)
895-7750
(Registrant's
telephone number, including area code)
Marc
J.
Ross, Esq.
Sichenzia
Ross Friedman Ference LLP
1065
Avenue of the Americas
New
York,
New York 10018
Phone:
(212) 930-9700
Fax:
(212) 930-9725
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))
Section
4 - Matters Related to Accountants and Financial
Statements
Item
4.01 Changes in Registrant’s Certifying Accountant.
On
October 6, 2006, Rothstein, Kass & Company, P.C. (“RK”) resigned as Patient
Safety Technologies, Inc.’s (the "Company") independent accountants.
Except
for a “Going Concern” disclaimer issued by RK in connection with the audit of
the Company’s and its subsidiaries’ financial statements for each of the two
prior fiscal years ended December 31, 2005 and 2004, respectively, the reports
of RK on the Company’s and its subsidiaries’ financial statements 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.
In
connection with its audits for the two most recent fiscal years and up to the
date of this Current Report, there have been no disagreements with RK 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 RK would have caused them to make reference thereto in their
report on the financial statements for such years.
During
the two most recent fiscal years the former accountant did not advise the
Company with respect to items listed in Regulation S-K Item 304(a)(1)(iv)).
The
Company has requested that RK furnish it with a letter addressed to the SEC
stating whether or not it agrees with the above statements. A copy of such
letter is filed with this Current Report on Form 8-K as exhibit #16.1.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits
|
Exhibit
Number
|
|
Description |
| |
|
|
| 16.1 |
|
Copy
of the letter furnished to the Company by Rothstein, Kass & Company,
P.C. (Filed herewith).
|
SIGNATURES
Pursuant
to the requirements of the Securities and Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
| |
Patient
Safety Technologies, Inc.
|
| |
|
|
|
Dated:
October 12, 2006
|
By:
|
/s/ Lynne
Silverstein
|
| |
Name:
|
Lynne
Silverstein
|
| |
Title:
|
Chief
Executive Officer
|