Attached files

file filename
EX-16.1 - EX-16.1 - EDAC TECHNOLOGIES CORPd264286dex161.htm

 

 

UNITED STATES

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) – November 30, 2011

EDAC TECHNOLOGIES CORPORATION

(Exact name of registrant as specified in its charter)

 

Wisconsin   001-33507   39-1515599

(State or jurisdiction of

incorporation or organization)

  (Commission File Number)   (IRS Employer Identification No.)

1806 New Britain Avenue, Farmington, CT 06032

(Address of principal executive offices, including zip code)

860-677-2603

(Registrant’s telephone number, including area code)

Not Applicable

(Former Name or Address, if changed from 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:

 

¨ 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)

 

¨ Precommencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Precommencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


EDAC TECHNOLOGIES CORPORATION

 

Item 4.01. Changes in Registrant’s Certifying Accountant

On November 30, 2011, the Audit Committee of the Board of Directors of EDAC Technologies Corporation (the “Company”) approved the engagement of Grant Thornton LLP (“Grant Thornton”) as the Company’s new independent registered public accounting firm. CCR LLP (“CCR”), the Company’s former independent registered public accounting firm, resigned as the Company’s independent registered public accounting firm simultaneous with the engagement of Grant Thornton by the Company. This change was a result of Grant Thornton’s acquisition of CCR on December 1, 2011.

CCR’s reports on the Company’s consolidated financial statements for the two years ended January 1, 2011 and January 2, 2010 did not contain any adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles.

During the Company’s fiscal years ended January 1, 2011 and January 2, 2010, and through November 30, 2011, there were no disagreements between the Company and CCR on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedures, which, if not resolved to the satisfaction of CCR, would have caused CCR to make reference to the matter in their report. None of the “reportable events” described in Item 304(a)(1)(v) of Regulation S-K of the SEC’s rules and regulations have occurred during the fiscal years ended January 1, 2011 and January 2, 2010, and through December 1, 2011.

During the fiscal years ended January 1, 2011 and January 2, 2010 and through the date of this Form 8-K, neither the Company nor anyone acting on its behalf consulted Grant Thornton regarding (1) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company’s consolidated financial statements, and Grant Thornton did not provide either a written report or oral advice to the Company that was an important factor considered by the Company in reaching a decision as to any accounting, auditing, or financial reporting issue, (2) any matter that was either the subject of a disagreement with CCR, which, if not resolved to the satisfaction of CCR, would have caused CCR to make reference to the matter in their report, or a “reportable event” as described in Item 304(a)(1)(v) of Regulation S-K of the SEC’s rules and regulations.

The Company requested CCR to furnish the Company with a letter addressed to the Commission stating whether CCR agrees with the above statements. A copy of CCR’s letter, dated December 1, 2011, is attached as Exhibit 16.1 to this Form 8-K.

 

Item 9.01. Financial Statements, Pro Forma Financial Information and Exhibits

 

(d) Exhibits

16.1 Letter from CCR.

 


SIGNATURES

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.

 

Dated: December 1, 2011     EDAC TECHNOLOGIES CORPORATION
    By:   /s/ Glenn L. Purple
      Vice President and Chief Financial Officer
     

 


EXHIBIT INDEX

 

Exhibit No.

  

Description

16.1    Letter from CCR LLP