SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K-A
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) August 3, 2001
-----------------
American Electric Automobile Company, Inc.
(State or Other Jurisdiction of Incorporation)
0-29657 33-0727323
-----------------------------------------------------------
(Commission File Number) (IRS Employer Identification No.
7270 Woodbine Avenue, Suite 200, Markham, Ontario L3R 4B9
-----------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
(905) 947-9925
----------------------------------------------------
(Registrant's Telephone Number, Including Area Code)
------------------------------------------------------------
(Former Name or Former Address, if Changed Since Last Report)
Item 4. Change in Registrant's Certifying Accountants.
(i) By resolution adopted on July 24, 2001, the board of directors of
American Electric Automobile Company, Inc. elected to change independent
Accountants. The independent accounting firm of Weinberg & Company, P.A.
was notified that the client auditor relationship between the Company
and Weinberg & Company, P.A. would not be renewed. Weinberg & Company,
P.A. had not yet been retained to review the Registrants financial
statements for the quarter ending June 30, 2001.
(ii) The independent auditors report on the consolidated financial
statements for the two years ended December 31 200 and the subsequent
periods preceding June 30, 2001 contained no adverse opinion, no
disclaimer of opinion, nor was it qualified or modified as to
uncertainty, audit scope or accounting principles.
(iii) The decision to change accountants was recommended by the Registrants
board of directors.
(iv) In connection with the audits of the Company's consolidated financial
statements for each of the two years ended December 31 2000, during any
subsequent interim periods preceding June 30, 2001, as well as the
period up to and including July 30, 2001, there have been no
disagreements with Weinberg & Company, P.A. on any matters of accounting
principles or practices, financial statement disclosures, or auditing
scope or procedures, which if not resolved to the satisfaction of
Weinberg & Company, P.A. would have caused Weinberg & Company, P.A. to
make reference to the subject matter of the disagreements in connection
with their reports.
(v) Not applicable.
(vi) Weinberg & Company's letter addressed to the Securities and Exchange
Commission is attached hereto as Exhibit 16.
Engagement of new independent accounts.
(i) On August 3, 2001, the Registrant's board of directors engaged Moore
Stephens, P.C., 331 Madison Avenue, New York, N.Y. 10017-5102 as it's
new independent auditors (the "new" accounting firm) to audit the
registrants financial statements. The Registrants, during the two most
recent fiscal years and the subsequent interim periods prior to the
engagement of the new accounting firm, did not consult with the new
accounting firm with regard to any of the matters listed in Regulation
S-K items 304 (a) (2) (i) or (ii).
EXHIBITS
16. Letter from Weinberg & Company, P.A. dated August 3, 2001.
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.
AMERICAN ELECTRIC AUTOMOBILE COMPANY, INC.
Date: August 30, 2001
By:
/s/ PIERRE QUILLIAM
--------------------
PIERRE QUILLIAM
President and CEO