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): June 11, 2004
IPIX CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 000-26363 52-2213841
(State or other (Commission (IRS Employer
jurisdiction of incorporation) File Number) Identification Number)
3160 CROW CANYON ROAD, SAN RAMON, CALIFORNIA 94583
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (925) 242-4002
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N/A
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(Former name or former address, if changed since last report)
ITEM 4. Changes in Registrant's Certifying Accountant.
On June 11, 2004, the Audit Committee of the Board of Directors of IPIX
Corporation dismissed PricewaterhouseCoopers LLP as its independent auditors. On
June 11, 2004, the Audit Committee approved the engagement of Armanino McKenna
LLP as its independent auditors to replace the firm of PricewaterhouseCoopers
LLP for the Company's fiscal year ending December 31, 2004.
The reports of PricewaterhouseCoopers LLP on the consolidated financial
statements of IPIX Corporation for the past two years contained no adverse
opinion or disclaimer of opinion and were not qualified or modified as to audit
scope or accounting principles except that the report on the consolidated
financial statements for the year ended December 31, 2003 expressed substantial
doubt regarding IPIX Corporation's ability to continue as a going concern.
In connection with the audits of IPIX's consolidated financial statements
for each of the past two fiscal years ended December 31, 2002 and 2003 and
through June 11, 2004 there were no disagreements between IPIX Corporation and
its auditors, PricewaterhouseCoopers LLP on any matter of accounting principles
or practices, consolidated financial statement disclosure, or auditing scope and
procedures, which, if not resolved to the satisfaction of PricewaterhouseCoopers
LLP, would have caused them to make reference thereto in their report on the
financial statements for such year.
IPIX Corporation has not previously consulted with Armanino McKenna LLP on
either the application of accounting principles to a specified transaction,
either completed or proposed, or the type of audit opinion that might be
rendered on IPIX's consolidated financial statements.
IPIX Corporation has provided PricewaterhouseCoopers LLP with a copy of
this disclosure and has requested PricewaterhouseCoopers LLP to furnish IPIX
with a letter addressed to the Securities and Exchange Commission stating
whether PricewaterhouseCoopers LLP agrees with the statements made above by
IPIX. This letter is attached hereto as Exhibit 16.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) Not Applicable.
(b) Not Applicable.
(c) Exhibits
16 Letter of PricewaterhouseCoopers LLP regarding change in
certifying accountant.
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.
IPIX CORPORATION
Dated: June 18, 2004 /s/ Paul Farmer
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Paul Farmer
Chief Financial Officer
Exhibit Index
Exhibit
Number Description
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16 Letter of PricewaterhouseCoopers LLP regarding change in certifying
accountant.