SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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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): January 5, 2004
CONNECTIVCORP
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(Exact Name of Registrant as Specified in Charter)
DELAWARE 333-70663 606-1529524
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(State or Other Jurisdiction of (Commission File (I.R.S. Employer
Incorporation) Number) Identification
No.)
160 Raritan Center Parkway, Edison, NJ 08837
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (732) 225-8910
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(Former Name or Former Address, if Changed Since Last Report.)
ITEM 4. CHANGES IN COMPANY'S CERTIFYING ACCOUNTANT
On January 5, 2004 ConnectivCorp (the "Company") dismissed the Company's
independent auditors, Israeloff, Trattner & Co. P.C. ("Israeloff"). The decision
to change independent auditors was made in connection with the merger and change
of control of the Company, as reported in the Company's Current Report on Form
8-K dated December 5, 2003 and filed on December 22, 2003. In lieu of an audit
or similar committee of the Board of Directors of the Company (the "Board"), the
decision to dismiss Israeloff was recommended and approved by the Board.
The report of Israeloff on the financial statements of the Company as of and for
the fiscal year ended December 31, 2002 contained no adverse opinion or
disclaimer of opinion, nor was the report qualified or modified as to
uncertainty, audit scope or accounting principles. In connection with its audit
for the fiscal year ended December 31, 2002 and during the subsequent period
that began on January 1, 2003 and ended on January 4, 2004, there were no
disagreements with Israeloff on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or procedure, which
disagreements, if they had occurred and not been resolved to the satisfaction of
Israeloff, would have caused Israeloff to make reference to such disagreements
in their report on the financial statements for such year. Israeloff was engaged
by the Company on April 4, 2003 and had no involvement with the Company relating
to the fiscal year ended December 31, 2001.
The Company has provided Israeloff with a copy of the foregoing disclosures.
Israeloff has furnished the Company with a letter addressed to the SEC, which is
attached hereto as an exhibit.
The Company is in the process of seeking to engage a new accounting firm to be
its independent auditors. In accordance with the requirements of Item 4(b) of
form 8-K, the Company will amend this Current Report once the Company retains
new independent auditors.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) Exhibits
16.1 Letter from Israeloff, Trattner & Co. P.C. to the Securities and
Exchange Commission dated January 5, 2004
ITEM 8. CHANGE IN FISCAL YEAR.
As reported in the Company's Current Report on Form 8-K dated December 5, 2003
and filed on December 22, 2003, on December 5, 2003, the Company consummated a
merger (the "Merger") with Majesco Sales Inc., a New Jersey corporation
("Majesco"), with Majesco becoming a wholly-owned subsidiary and the sole
operations of the Company. As a result of the Merger (the practical effect of
which was Majesco acquiring the Company), and pursuant to applicable federal
regulations, the date of the Company's fiscal year end was changed from December
31 to October 31, which is the date of the fiscal year end of Majesco, the
acquiring company for accounting purposes. Our next public filing reflecting the
change in fiscal year end will be on a Form 10-Q for the quarterly period ended
January 31, 2004, which is due to be filed no later than March 16, 2004.
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.
CONNECTIVCORP
Date: January 12, 2004 By: /s/ Jesse Sutton
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Name: Jesse Sutton
Title: President and Chief Executive Officer
EXHIBIT INDEX
Exhibit No. Description
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16.1 Letter from Israeloff, Trattner & Co. P.C. to the Securities
and Exchange Commission dated January 5, 2004