UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
AMENDMENT NO. 3
AMENDMENT TO 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 2, 2003
COMPETITIVE TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
Delaware 1-8696 36-2664428
(State or other (Commission File (IRS Employer
jurisdiction Number) Identification No.)
of incorporation)
1960 Bronson Road, Fairfield, Connecticut 06824
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (203) 255-6044
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Item 4. Changes in Registrant's Certifying Accountant.
The Audit Committee of Competitive Technologies, Inc. ("the
Company") has recommended and its Board of Directors has approved
selection of BDO Seidman, LLP to replace PricewaterhouseCoopers
LLP as the Company's independent accountant. In that connection,
the Audit Committee recommended and the Board of Directors had
approved dismissal of PricewaterhouseCoopers LLP as the Company's
independent accountant contingent upon BDO Seidman, LLP's
acceptance of its engagement and execution of a satisfactory
engagement letter.
On September 2, 2003, PricewaterhouseCoopers LLP notified
the Company that it viewed its dismissal to have occurred. A
copy of PricewaterhouseCoopers LLP's September 2, 2003 letter is
attached hereto as Exhibit 16.1. Accordingly, as of September 2,
2003, PricewaterhouseCoopers LLP was dismissed as the Company's
auditor. It is the Company's understanding that
PricewaterhouseCoopers LLP views its dismissal to have occurred
on August 25, 2003. However, the Company disagrees with
PricewaterhouseCoopers LLP's opinion as to the date of their
dismissal, which was not intended to occur until the retention of
new auditors was completed on September 16, 2003. But, the
Company accepts that September 2, 2003 may be viewed as the
dismissal date of PricewaterhouseCoopers LLP.
The reports of PricewaterhouseCoopers LLP on the Company's
consolidated financial statements for the fiscal years ended July
31, 2002 and 2001 contained no adverse opinion or disclaimer of
opinion and were not qualified or modified as to uncertainty,
audit scope or accounting principles.
During the fiscal years ended July 31, 2002 and 2001, and
through September 2, 2003, there was no disagreement with
PricewaterhouseCoopers LLP on any matter of accounting principles
or practices, financial statement disclosure, or auditing scope
or procedures, which disagreement, if not resolved to the
satisfaction of PricewaterhouseCoopers LLP, would have caused
them to make reference thereto in their report on the
consolidated financial statements for such years.
During the fiscal years ended July 31, 2002 and 2001, and
through September 2, 2003, there were no reportable events as
defined in Item 304(a)(1)(v) of Regulation S-K.
The Company has provided PricewaterhouseCoopers LLP a copy
of the above statements and requested that PricewaterhouseCoopers
LLP furnish it with a letter addressed to the SEC stating whether
or not it agrees with the above statements. A copy of
PricewaterhouseCoopers LLP's letter in response to that request
is attached hereto as Exhibit 16.2.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
Exhibit No. Description of Exhibit Page
16.1 Letter from PricewaterhouseCoopers
dated September 2, 2003, regarding
change in certifying accountant 4
16.2 Letter from PricewaterhouseCoopers
dated October 6, 2003, regarding
change in certifying accountant 5
Signature
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.
COMPETITIVE TECHNOLOGIES, INC.
Registrant
Date: October 7, 2003 /s/ John B. Nano
By: John B. Nano
President and
Chief Executive Officer