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Advaxis,
Inc.
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(Exact
name of registrant as specified in its
charter)
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Delaware
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00028489
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02-0563870
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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Technology
Centre of New Jersey,
675
Rt. 1, Suite B113
North
Brunswick, New Jersey
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08902
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code (732)
545-1590
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(Former
name or former address, if changed since last
report.)
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| 1. |
On
October 31, 2007, Advaxis, Inc. (the “Company”) was notified
that
the partners of Goldstein Golub Kessler LLP (GGK) became partners
of
McGladrey & Pullen, LLP in a limited asset purchase agreement
and
that GGK resigned as independent registered public accounting firm
for the
Company. McGladrey & Pullen, LLP was appointed as the Company’s new
independent registered public accounting
firm.
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| 2. |
The
audit reports of GGK on the financial statements of Advaxis, Inc.
as of
and for the years ended October 31, 2006 and 2005 did not contain
an
adverse opinion or a disclaimer of opinion, and were not qualified
or
modified as to uncertainty, audit scope or accounting principles.
GGK's
2006 audit report relating to GGK's audit of Company's financial
statements for the fiscal year ended October 31, 2006 included an
emphasis
paragraph relating to an uncertainty as to the Company's ability
to
continue as a going concern.
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| 3. |
The
decision to engage McGladrey & Pullen, LLP was approved by the audit
committee of the board of
directors.
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| 4. |
During
the Company’s two most recent fiscal years ended October 31, 2006 and 2005
and through November 26, 2007, the Company did not consult with McGladrey
& Pullen, LLP on (i) the application of accounting principles to a
specified transaction, either completed or proposed, or the type
of audit
opinion that may be rendered on the Company’s financial statements, and
McGladrey & Pullen, LLP did not provide either a written report or
oral advice to the Company that McGladrey & Pullen, LLP concluded was
an important factor considered by the Company in reaching a decision
as to
any accounting, auditing, or financial reporting issue; or (ii) the
subject of any disagreement, as defined in Item 304 (a)(1)(iv) of
Regulation S-K and the related instructions, or a reportable event
within
the meaning set forth in Item 304(a)(1)(v) of Regulation
S-K.
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| 5. |
In
connection with the audits of the Company's financial statements
for each
of the fiscal years ended October 31, 2006 and 2005 and through the
date
of this Current Report, there were: (i) no disagreements between
the
Company and GGK 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 GGK, would
have
caused GGK to make reference to the subject matter of the disagreement
in
their reports on the Company's financial statements for such years,
and
(ii) no reportable events within the meaning set forth in Item
304(a)(1)(v) of Regulation S-K.
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| 6. |
The
Company has provided GGK a copy of the disclosures in this Form 8-K
and
has requested that GGK furnish it with a letter addressed to the
Securities and Exchange Commission stating whether or not GGK agrees
with
the Company's statements in this Item 4.01(a). A copy of the letter
dated
November 26, 2007 furnished by GGK in response to that request is
filed as
Exhibit 16.2 to this Form 8-K.
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(a)
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Financial
statements of businesses acquired.
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None
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(b)
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Pro
forma financial information.
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None
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(c)
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Shell
company transactions
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None
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(d)
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Exhibits.
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Exhibit
No.
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Title
of document
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16.1
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Letter
regarding change in certifying accountant dated November 26, 2007
from
Goldstein Golub Kessler LLP to the Company.
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16.2
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Letter
furnished by GGK in response to the Company’s request, addressed to the
Security and Exchange Commission dated November 26, 2007 indicating
their
agreement with the statements contained in this Form 8-K
filing.
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ADVAXIS,
INC.
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By:
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/s/
Thomas
Moore
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Name:
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Thomas
Moore
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Title:
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Chief
Executive Officer
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