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) February 15, 2002
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AMPLIDYNE, INC.
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Exact name of registrant as specified in its charter)
Delaware 0-21931 22-3440510
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
Formation)
59 LaGrange Street, Raritan, NJ 08869
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (908) 253-6870
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(Former name or former address, if changes since last report)
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
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On February 15, 2002, Grant Thornton LLP ("Grant Thornton") was dismissed
as the independent accountant for the Company. The reports of Grant Thornton on
the Company's financial statements within the two most recent fiscal years or
any subsequent interim period, contain no adverse opinion or disclaimer of
opinion and were not qualified or modified as to uncertainty, audit scope or
accounting principles.
The Company's Board of Directors and Audit Committee approved the dismissal
of Grant Thornton.
During the two most recent fiscal years and any subsequent interim period
preceding Grant Thornton's dismissal, there were no disagreement(s) with Grant
Thornton on any matter of accounting principles or practices, financial
statement disclosure or auditing scope or procedure, which disagreement(s), if
not resolved to the satisfaction of Grant Thornton, would have caused it to make
reference to the subject matter of the disagreement(s) in connection with its
report.
No "reportable events" (as defined in Item 304 (a) (1) (iv) of Regulation
S-B) occurred during the Company's two most recent fiscal years and any
subsequent interim period, preceding the accounting firm of Grant Thornton's
dismissal.
The Company has requested that Grant Thornton furnish it with a letter
addressed to the Securities and Exchange Commission stating whether or not Grant
Thornton agrees with the above statements. A copy of such letter is attached
hereto as Exhibit 16.1.
The Company engaged Kahn Boyd Levychin, LLP ("KBL"), as its new independent
accountants as of February 19, 2002. Prior to such date, the Company did not
consult with KBL regarding (i) the application of accounting principles to a
specified transaction, either completed or proposed, (ii) the type of audit
opinion that might be rendered by KBL on the Company's financial statements, or
(iii) any other matter that was the subject of a disagreement between the
Company and its auditor (as defined in Item 304(a)(1)(iv) of Regulation S-B and
its related instructions) or a reportable event (as described in Item 304(a)
(1)(iv) of Regulation S-B).
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
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16.1 Letter dated February 20, 2002, from the accounting firm of Grant Thornton
LLP, independent accountants to the Company, concerning the disclosure made
in this Report on Form 8-K.
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SIGNATURES
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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.
AMPLIDYNE, INC.
By: /s/ Michael Lawrence
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Name: Michael Lawrence
Title: President
Dated: February 22, 2002
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