UNITED STATES
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 13, 2008
Innovex, Inc.
-----------------------------------
(Exact name of Registrant as Specified in its Charter)
Minnesota
-----------------------------------
(State Or Other Jurisdiction Of Incorporation)
000-13143 41-1223933
--------------------------------------- -------------------------------------
(Commission File Number) (I.R.S. Employer Identification No.)
3033 Campus Drive, Suite E180
Plymouth, MN 55441
--------------------------------------- -------------------------------------
(Address Of Principal Executive Offices) (Zip Code)
(763) 383-4000
-----------------------------------
Registrant's Telephone Number, Including Area Code
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
|_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Items under Sections 1 through 3 and 5 through 8 are not applicable and
therefore omitted.
Item 4.01. Changes in Registrant's Certifying Accountant
On August 13, 2008, the Chair of the Audit Committee of the Board of Directors
of Innovex, Inc. (the "Company") received a letter from Grant Thornton LLP
("Grant Thornton") notifying the Company of Grant Thornton's resignation as the
Company's independent registered public accounting firm.
The audit report of Grant Thornton on the consolidated financial statements of
the Company and subsidiaries as of and for the year ended September 29, 2007 and
September 30, 2006 did not contain any adverse opinion or a disclaimer of
opinion, and were not qualified or modified as to uncertainty, audit scope, or
accounting principles except as noted in the following sentence. Grant
Thornton's report dated December 12, 2007 contained an emphasis of matter
paragraph related to the Company's liquidity, and their report dated November
30, 2006 contained a paragraph describing that the Company adopted Financial
Standards Board Statement No. 123(R), Share-Based Payment effective October 1,
2005.
In the Company's two most recent fiscal years and through the date of this
Current Report on Form 8-K, there were no disagreements between the Company and
Grant Thornton on any matters of accounting principles or practices, financial
statement disclosure, or auditing scope or procedures, which disagreements, if
not resolved to the satisfaction of Grant Thornton would have caused Grant
Thornton to make reference to the subject matter of the disagreement in
connection with its reports on the Company's financial statements for such
years.
In the Company's two most recent fiscal years and through the date of this
Current Report on Form 8-K, there were no reportable events (as defined in
Regulation S-K Item 304(a)(1)(v)).
The Company has provided Grant Thornton a copy of the disclosures in this Form
8-K and has requested that Grant Thornton furnish the Company with a letter
addressed to the Securities and Exchange Commission stating whether or not Grant
Thornton agrees with the Company's statements in this Item 4.01. A copy of the
letter dated August 15, 2008 furnished by Grant Thornton in response to the
Company's request is filed as Exhibit 16.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits
Exhibit No. Description
----------- -----------
16.1 Letter dated August 15 from Grant Thornton LLP to the
Securities and Exchange Commission.
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, thereunto duly authorized.
INNOVEX, INC.
By: /s/ Randy Acres
--------------------------------
Randy Acres
Chief Financial Officer
Date: August 15, 2008