Form 8-K
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Date of Report
December 4, 2006
BAB, Inc.
(Name of small business issuer in its charter)
Delaware 0-31555 36-4389547
(State or other jurisdiction of Commission (I.R.S. Employer
incorporation or organization) file number Identification Number)
500 Lake Cook Road, Suite 475, Deerfield, IL 60015
(Address of principal executive offices) (Zip Code)
Issuer's telephone number (847) 948-7520
|_| 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.
1. On November 29, 2006, BAB, Inc. ("Company") was notified that a majority of
the partners of Altschuler, Melvoin and Glasser LLP (AM&G), including the lead
audit partner for the Company, had become partners of McGladrey & Pullen, LLP
and, as a consequence, that AM&G was compelled to resign and would no longer be
the auditor for the Company. McGladrey & Pullen, LLP was appointed as the
Company's new auditor.
2. The audit reports of AM&G on the consolidated financial statements of BAB,
Inc. and Subsidiaries as of and for the years ended November 30, 2005 and 2004
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.
3. The decision to engage McGladrey & Pullen, LLP was approved by the board of
directors.
4. In connection with the audits of the Company's consolidated financial
statements for each of the fiscal years ended November 30, 2005 and 2004, and
through the date of this Current Report, there were: (1) no disagreements
between the Company and AM&G on any matters of accounting principles or
practices, financial statement disclosure, or auditing scope or procedures,
which disagreements, if not resolved to the satisfaction of AM&G, would have
caused AM&G to make reference to the subject matter of the disagreement in their
reports on the Company's financial statements for such years, and (2) no
reportable events within the meaning set forth in Item 304(a)(1)(iv)(B) of
Regulation S-B.
5. The Company has provided AM&G a copy of the disclosures in this Form 8-K and
has requested that AM&G furnish it with a letter addressed to the Securities and
Exchange Commission stating whether or not AM&G agrees with the Company's
statements in this Item 4.01. A copy of the letter dated December 4 furnished by
AM&G in response to that request is filed as Exhibit 16.1 to this Form 8-K.
Item 9.01 Financial Statements and Exhibits
(a) Exhibits
The following exhibit is furnished with this report on Form 8-K.
16.1 Accountant's Response to Form 8-K Disclosures dated December
4, 2006
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.
BAB, Inc.
(Registrant)
By: /s/ Michael W. Evans
--------------------
Michael W. Evans, Chief Executive Officer
Date: December 4, 2006
Index to Exhibits
Exhibit Number Description
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16.1 Accountant's Response to Form 8-K Disclosures
dated December 4, 2006