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) - October 4, 2001
DATA RACE, INC.
(Exact name of registrant as specified in its charter)
TEXAS
(State or other jurisdiction of incorporation)
0-20706 74-2272363
(Commission File Number) (I.R.S. Employer Identification No.)
6509 Windcrest Drive, Suite 120
Plano, Texas 75024
(972) 265-4000
(Address of Principal Executive Offices and Telephone Number,
Including Area Code)
Item 4. Changes in Registrant's Certifying Accountants.
Deloitte & Touche LLP was previously the principal accountants for DATA RACE,
Inc. (the "Registrant") for the period from January 10, 2001 through October 4,
2001. Deloitte & Touche LLP had issued no reports with respect to the Registrant
during this period. On October 4, 2001, Deloitte & Touche LLP resigned.
During the Registrant's interim quarterly periods ended December 31, 2000 and
March 31, 2001, there were no disagreements between the Registrant and Deloitte
& Touche LLP on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedures, which disagreements if
not resolved to their satisfaction would have caused them to make reference in
connection with their review to the subject matter of the disagreement.
This change in accountants was approved by the Registrant's Board of Directors.
A letter from Deloitte & Touche is attached as Exhibit 16.1
On October 12, 2001, the Company appointed and engaged Lazar Levine & Felix LLP
("Lazar") as the Company's principal independent public accountant. The Company
has not directly or indirectly during its two most recent fiscal years or during
the subsequent interim period prior to appointing Lazar consulted Lazar
regarding (a) either 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 financial statements, or (b) any matter that
was either the subject of a disagreement with the Company's prior principal
independent accountant, Deloitte & Touche LLP, or a reportable event.
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.
DATA RACE, Inc.
Date: December 4, 2001 By: /s/ JAMES G. SCOGIN
---------------------------------
James G. Scogin,
Acting President, Chief Financial
Officer and Secretary
EXHIBIT INDEX
Exhibit Description
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16.1 Letter from Deloitte & Touche LLP