SEC Company Response from STEPHAN CO (CIK 0000094056) — Oct 7, 2005
STEPHAN CO (CIK 0000094056)
Date: Oct. 7, 2005 · CIK: 0000094056 · Accession: 0000094056-05-000054
AI Filing Summary & Sentiment
Letter
THE STEPHAN CO. 1850 WEST McNAB ROAD FORT LAUDERDALE, FL 33309 October 7, 2005 Mr. Robert Burnett, Staff Accountant United States Securities and Exchange Commission Division of Corporate Finance Washington, D.C. 20549
Dear Mr. Burnett:
In response to Mr. Moran's comment letter of September 30, 2005 with respect to the Form 8-K filed September 19, 2005 and the Form 10-Q for the Quarter ended March 31, 2005, please take into consideration the following information and let me know if you still believe that our filings need to be amended.
Our Form 10-K for the year ended December 31, 2004 was not filed until Friday, September 9, 2005, a delay due in large part to our former auditors unwillingness to issue their opinion on our financial statements until such time as the SEC was satisfied with our carrying value of long-term inventory. You will note that our Form 10-K has, in its footnotes, information regarding events subsequent to December 31, 2004. On Tuesday, September 13, 2005, we terminated Deloitte & Touche LLP, and hired our new accounting firm. In essence, there was no intervening or interim period between the firing of the old accountants and the hiring of the new accountants.
With respect to the 8-K not being dated, please refer to the paragraph above the "signature block" on Page 4.
Our new independent accountants did perform a review of both our March 31,2005 and June 30, 2005 Forms 10-Q. Our June 30, 2005 Form 10-Q was filed on September 30, 2005, the date of your letter.
I hope the above clarifies your questions on our recent filings. If you have any other questions, please contact me.
Very truly yours,
/s/ David Spiegel
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<TEXT>
THE STEPHAN CO.
1850 WEST McNAB ROAD
FORT LAUDERDALE, FL 33309
October 7, 2005
Mr. Robert Burnett, Staff Accountant
United States Securities and Exchange Commission
Division of Corporate Finance
Washington, D.C. 20549
Dear Mr. Burnett:
In response to Mr. Moran's comment letter of September 30, 2005 with
respect to the Form 8-K filed September 19, 2005 and the Form 10-Q for the
Quarter ended March 31, 2005, please take into consideration the following
information and let me know if you still believe that our filings need to be
amended.
Our Form 10-K for the year ended December 31, 2004 was not filed until
Friday, September 9, 2005, a delay due in large part to our former auditors
unwillingness to issue their opinion on our financial statements until such
time as the SEC was satisfied with our carrying value of long-term inventory.
You will note that our Form 10-K has, in its footnotes, information regarding
events subsequent to December 31, 2004. On Tuesday, September 13, 2005, we
terminated Deloitte & Touche LLP, and hired our new accounting firm. In
essence, there was no intervening or interim period between the
firing of the old accountants and the hiring of the new accountants.
With respect to the 8-K not being dated, please refer to the paragraph
above the "signature block" on Page 4.
Our new independent accountants did perform a review of both our
March 31,2005 and June 30, 2005 Forms 10-Q. Our June 30, 2005 Form 10-Q
was filed on September 30, 2005, the date of your letter.
I hope the above clarifies your questions on our recent filings.
If you have any other questions, please contact me.
Very truly yours,
/s/ David Spiegel
David Spiegel
Chief Financial Officer
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