UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): September 15, 2005
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Solitron Devices, Inc.
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(Exact Name of Registrant as Specified in Its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
001-04978 22-1684144
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(Commission File Number) (IRS Employer Identification No.)
3301 Electronics Way, West Palm Beach, Florida 33407
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(Address of Principal Executive Offices) (Zip Code)
(561) 848-4311
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(Registrant's Telephone Number, Including Area Code)
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(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:
(a) On September 15, 2005, Solitron Devices, Inc. (the "Company"), terminated
the engagement of Goldstein Lewin & Co. ("GLC") as the independent registered
public accounting firm Company. The Audit Committee of the Board of Directors of
the Company recommended and approved the decision to terminate GLC.
GLC previously audited the Company's consolidated financial statements for the
fiscal year ended February 28, 2005. GLC reports on the consolidated financial
statements of the Company for the fiscal year ended February 28, 2005 did not
contain an adverse opinion nor a disclaimer of opinion and were not qualified or
modified as to uncertainty, audit scope or accounting principles.
In connection with its audits of the Company's financial statements for the
fiscal year ended February 28, 2005 and through September 15, 2005, the Company
has had no disagreement with GLC on any matter of accounting principles or
practices, financial statement disclosure or auditing scope or procedure, which
disagreement, if not resolved to the satisfaction of GLC, would have caused GLC
to make a reference to the subject matter of the disagreements in connection
with its reports on the consolidated financial statements for the fiscal year
ended February 28, 2005.
A letter from GLC dated September 19, 2005 is attached as Exhibit 16.1 to this
Form 8-K .
(b) New Independent Registered Public Accounting Firm
The Company's Audit Committee reviewed the qualifications of several potential
applicants and chose De Leon & Company, P.A. ("DLC") as the successor
independent registered public accounting firm to be engaged effective September
19, 2005.
Prior to engaging DLC, neither the Company nor anyone acting on the Company's
behalf consulted DLC regarding the application of accounting principles to a
specific completed or contemplated transaction, or the type of audit opinion
that might be rendered on the Company's financial statements, and no written or
oral advice was provided that was an important factor considered by the Company
in reaching a decision as to any accounting, auditing or financial reporting
issues.
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Item 9.01: Financial Statements and Exhibits
(d) Exhibits:
16.1 Letter from Goldstein Lewin & Co. dated September 19, 2005 to the
Securities and Exchange Commission.
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SIGNATURE
Pursuant to the requirement 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.
September 19, 2005 SOLITRON DEVICES, INC.
/s/ Shevach Saraf
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Chairman, Chief Executive Officer,
President, Chief Financial Officer
& Treasurer
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EXHIBIT INDEX
Exhibit No. Description
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16.1 Letter from Goldstein Lewin & Co. dated September 19,
2005 to the Securities and Exchange Commission.
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