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): March 14, 2002
--------------
(March 12, 2002)
----------------
CirTran Corporation
--------------------------------------------------------------------------------
(Exact Name of Registrant as Specified in Its Charter)
Nevada
--------------------------------------------------------------------------------
(State of Other Jurisdiction of Incorporation)
0-26059 68-0121636
--------------------------------------------------------------------------------
(Commission File Number (IRS Employer Identification No.)
4125 South 6000 West, West Valley City, Utah 84128
--------------------------------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
801.963.5112
--------------------------------------------------------------------------------
(Registrant's Telephone Number, Including Area Code)
-------------------------------------------------------------------------------
(Former Name or Former Address, if Changed Since Last Report)
Item 4. Changes in Registrant's Certifying Accountant.
On March 12, 2002, the registrant engaged Hansen, Barnett & Maxwell as its
independent auditor following its dismissal, effective March 12, 2002, of Grant
Thornton, LLP ("Grant Thornton"). The registrant's Board of Directors approved
the engagement of Hansen, Barnett & Maxwell and the dismissal of Grant Thornton.
Grant Thornton had served as the registrant's independent accountants since
February 1999. Grant Thornton's auditors' report on the restated consolidated
financial statements of the registrant and subsidiaries as of and for the year
ended December 31, 2000 contained a separate paragraph stating that "the Company
has an accumulated deficit, has suffered losses from operations and has negative
working capital that raise substantial doubt about its ability to continue as a
going concern. Management's plans in regard to these matters are also described
in Note B. The consolidated financial statements do not include any adjustments
that might result from the outcome of this uncertainty." Except as noted above,
Grant Thornton's report on the registrant's restated financial statements for
the fiscal year ended December 31, 2000 contained no adverse opinions or
disclaimer of opinions, and were not qualified as to audit scope, accounting
principles, or uncertainties.
As required by applicable rules of the Securities and Exchange Commission, the
registrant notified Grant Thornton that during registrant's two most recent
fiscal years and the interim period from January 1, 2002 through March 12, 2002,
the registrant was unaware of any disputes between the registrant and Grant
Thornton as to matters of accounting principles or practices, financial
statement disclosure, or audit scope or procedure, which disagreements, if not
resolved to the satisfaction of Grant Thornton, would have caused it to make a
reference to the subject matter of the disagreements in connection with its
reports.
The registrant requested that Grant Thornton furnish it with a letter addressed
to the Securities and Exchange Commission stating whether or not it agrees with
the above statements. A copy of the letter received by the registrant from Grant
Thornton with respect to the registrant's request, addressed to the Securities
and Exchange Commission, will be filed by way of amendment.
Effective March 12, 2002, the registrant engaged Hansen, Barnett & Maxwell as
its independent auditors with respect to the registrant's fiscal year ending
December 31, 2001. During the registrant's most recent fiscal year and through
March 12, 2002, the registrant had not consulted with Hansen, Barnett & Maxwell
regarding either: (i) 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 registrant's financial statements, and neither a
written report was provided to the registrant nor was oral advice provided that
Hansen, Barnett & Maxwell concluded was an important factor considered by the
registrant in reaching a decision as to the accounting, auditing or reporting
issue; or (ii) any matter that was either the subject of a disagreement, as that
term is defined in Item 304(a)(1)(iv) of Regulation S-K and the related
instructions to Item 304 of Regulation S-K, or a reportable event, as that term
is defined in Item 304 (a)(1)(v) of Regulation S-K.
Item 7. Financial Statements and Exhibits.
(a) Financial Statements. Not Applicable.
--------------------
(b) Pro Forma Financial Information. Not Applicable.
-------------------------------
(c) Exhibits.
--------
None.
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.
CirTran Corporation
Date: March 14, 2002 By: /s/ Iehab J. Hawatmeh
----------------------- --------------------------------------
Iehab J. Hawatmeh, President