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): AUGUST 18, 2003
THE LEATHER FACTORY, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 1-12368 75-2543540
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(State of other jurisdiction (Commission File IRS Employer
of incorporation Number) Identification No.)
3847 EAST LOOP 820 SOUTH
FORT WORTH, TEXAS 76119
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (817) 496-4414
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
Effective August 18, 2003, the Audit Committee of the Board of Directors of
The Leather Factory, Inc. (the "Company"), unanimously recommended and directed
(a) the dismissal of Hein + Associates LLP ("Hein") as the Company's independent
accountants and (b) the engagement of Weaver & Tidwell LLP ("W&T") as the
Company's independent accountants to audit the Company's consolidated financial
statements for the fiscal year ending December 31, 2003.
The reports of Hein on the Company's consolidated financial statements for
either of the past two fiscal years did not contain an adverse opinion or a
disclaimer of opinion and was not qualified or modified as to uncertainty, audit
scope, or accounting principles.
In connection with the audits of the Company's financial statements for
each of the two fiscal years ended December 31, 2002, and in the subsequent
interim period, there were no disagreements between the Company and Hein on any
matters of accounting principles or practices, financial statement disclosure,
or auditing scope or procedures that, if not resolved to the satisfaction of
Hein, would have caused Hein to make reference to the subject matter of the
disagreement(s) in its reports. During the two fiscal years ended December 31,
2002 and through August 18, 2003, there have been no reportable events (as
defined in Securities and Exchange Commission Regulation S-K Item
304(a)(1)(iv)).
No consultations occurred between the Company and W&T during the two fiscal
years and any interim period preceding the appointment of W&T regarding the
application of accounting principles to a specific transaction (either completed
or proposed), the type of audit opinion that might be rendered on the Company's
consolidated financial statements or any other accounting, auditing or financial
reporting matter required to be disclosed here pursuant to Regulation S-K Item
304(a)(2).
The Company provided a copy of the disclosure contained in this Current
Report on Form 8-K to Hein and requested it to furnish it a letter addressed to
the Securities and Exchange Commission stating whether it agrees with the
disclosures made herein. A copy of that letter, dated August 18, 2003, is filed
as Exhibit 16.1 to this Current Report on Form 8-K.
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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements
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None
(b) Pro Forma Financial Information
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None
(c) Exhibits
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A list of exhibits required to be filed as part of this report is set
forth in the Exhibit Index, which immediately precedes such exhibits, and is
incorporated herein by reference.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Company has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
THE LEATHER FACTORY, INC.
(Registrant)
Date: AUGUST 21, 2003 . . . . . . . . BY: /s/ Shannon L. Greene
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Shannon L. Greene
Chief Financial Officer & Treasurer
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THE LEATHER FACTORY, INC. AND SUBSIDIARIES
EXHIBIT INDEX
Exhibit
Number Description
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*16.1 Letter addressed to the Securities and Exchange Commission dated
August 18, 2003, from the Company's former independent accountants,
Hein + Associates, LLP, relative to their agreement with the
Statements made in Item 4 of this Current Report on Form 8-K.
________________
*Filed herewith.
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EXHIBIT 16.1 TO FORM 8-K
August 18, 2003
Securities and Exchange Commission
450 Fifth Street, NW
Washington, DC 20549
Gentlemen:
We have read Item 4 in the attached Form 8-K dated August 18, 2003 of The
Leather Factory, Inc. (Commission File Number 1-12368) to be filed with the
Securities and Exchange Commission and are in agreement with the statements
contained therein.
Very truly yours,
/s/ Hein + Associates LLP
HEIN + ASSOCIATES LLP