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): January
15, 2009 (January 9, 2009)
DOCUMENT
CAPTURE TECHNOLOGIES, INC.
(Exact
name of registrant as specified in its charter)
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Delaware
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000-25839
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59-3134518
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(State
or other jurisdiction of
incorporation)
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(Commission
File Number)
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(IRS
Employee Identification No.)
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1798
Technology Drive, Suite 178
San
Jose, California 95110
(Address
of principal executive offices, including zip code)
Registrant’s
telephone number, including area code: (408) 436-9888
(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):
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR
240.14a-12(b))
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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This Form
8-K and other reports filed by Document Capture Technologies, Inc., a Delaware
corporation (the “Registrant”) from time to time with the Securities and
Exchange Commission (collectively the “Filings”) contain or may contain
forward-looking statements and information based upon the beliefs of, and
currently available to, the Registrant’s management as well as estimates and
assumptions made by the Registrant’s management. When used in the Filings the
words “anticipate”, “believe”, “estimate”, “expect”, “future”, “intend”, “plan”
or the negative of these terms and similar expressions and variations thereof as
they relate to the Registrant or the Registrant’s management identify
forward-looking statements. Such statements reflect the current view of the
Registrant with respect to future events and are subject to risks,
uncertainties, assumptions and other risk factors relating to the Registrant’s
industry, the Registrant’s operations and results of operations and any
businesses that may be acquired by the Registrant. Should one or more of these
risks or uncertainties materialize, or should the underlying assumptions prove
incorrect, actual results may differ significantly from those anticipated,
believed, estimated, expected, intended or planned.
Although
the Registrant believes that the expectations reflected in the forward-looking
statements contained in the Registrant’s Filings are reasonable, the Registrant
cannot guarantee future results, levels of activity, performance or
achievements. Except as required by applicable law, including the securities
laws of the United States, the Registrant does not intend to update any of the
forward-looking statements contained herein to conform these statements to
actual results.
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Section
4 – Matters Related to
Accountants and Financial
Statements
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Item 4.01 Changes in Registrant’s
Certifying Accountant.
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Clancy and Co., P.L.L.C. (“Clancy”),
the independent certified public accountants who had been engaged by Document
Capture Technologies, Inc. (the “Company”) as the principal accountant to audit
the Company’s consolidated financial statements, resigned effective January 9,
2009, which resignation was approved by the Company’s board of directors on such
date. The reports by Clancy on the financial statements of the Company during
the fiscal years ended December 31, 2007 and 2006 did not contain an adverse opinion or a
disclaimer of opinion and were not qualified or modified as to uncertainty,
audit scope, or accounting principles, except for an explanatory
paragraph describing the uncertainty as to the Company’s ability to continue as
a going concern. During the Company’s two most recent fiscal years and
subsequent period up to January 9, 2009, the Company did not have any
disagreements with Clancy 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 Clancy, would have caused
them to make reference to the subject matter of the disagreements in connection
with their reports. In addition, no reportable events as set forth in Item 304(a)(1)(v) of
Regulation S-K have occurred.
The Company has requested Clancy to furnish it a letter addressed to the
Commission stating whether it agrees with the above statements. A copy of the letter from Clancy, dated January 13, 2009, is filed as Exhibit 16.1 to this Form
8-K.
Also on
January 9, 2009, the Company’s Board of Directors approved the engagement of
Hein & Associates LLP as the Company’s new principal independent certified
public accountants to audit the Company’s consolidated financial statements for
the year ending December 31, 2008.
Prior to
engaging Hein & Associates LLP, the Company had not consulted Hein &
Associates LLP regarding the application of accounting principles to a specified
transaction, completed or proposed, or the type of audit opinion that might be
rendered on the Company’s financial statements.
Item
9.01 Exhibits
(d)
Exhibits.
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16.1
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Letter
from Clancy and Co., P.L.L.C. regarding change in certifying accountant,
dated January 13, 2009.
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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.
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Date:
January 15, 2009
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DOCUMENT
CAPTURE TECHNOLOGIES, INC.
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By:
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/s/ David
P. Clark |
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David
P. Clark
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Chief
Executive Officer
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