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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">UNITED STATES</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">SECURITIES
AND EXCHANGE COMMISSION</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">FORM 8-K</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">CURRENT
REPORT</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">Pursuant
to Section 13 or 15(d) of the<BR>
Securities Exchange Act of 1934&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Date of Report</B> (Date of earliest
event reported):<BR>
<B>June 4, 2012</B> (May 29, 2012)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><U>DGSE
COMPANIES, INC.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in
its charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-decoration: underline; text-align: center">Nevada</TD>
    <TD STYLE="width: 34%; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-decoration: underline; text-align: center"><B><U>1-11048</U></B></TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-decoration: underline; text-align: center"><B><U>88-0097334</U></B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 0.5in; padding-left: 5.4pt; text-align: center">(State or Other<BR> Jurisdiction of<BR> Incorporation)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 0.5in; padding-left: 5.4pt; text-align: center">(Commission<BR> File Number)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 0.5in; padding-left: 5.4pt; text-align: center">(IRS Employer<BR> Identification No.)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: black"><B>11311 Reeder
Rd.<BR>
<U>Dallas, Texas</U></B></FONT><B><U> 75229<BR>
</U></B>(Address of Principal Executive Offices) (Zip Code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: black"><B><U>(972) 484-3662<BR>
</U></B></FONT>(Registrant&rsquo;s telephone number, including area code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif">______________________________________<BR>
</FONT>(Former Name or Former Address, if Changed Since Last Report)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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
(<I>see </I>General Instruction A.2. below):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 19.5pt"><FONT STYLE="font-family: Wingdings">o</FONT></TD><TD STYLE="text-align: justify">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 19.5pt"><FONT STYLE="font-family: Wingdings">o</FONT></TD><TD STYLE="text-align: justify">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 19.5pt"><FONT STYLE="font-family: Wingdings">o</FONT></TD><TD STYLE="text-align: justify">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 19.5pt"><FONT STYLE="font-family: Wingdings">o</FONT></TD><TD STYLE="text-align: justify">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><B>Item 4.01.&#9;Changes
in Registrant&rsquo;s Certifying Accountant.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(a)&nbsp;DGSE Companies, Inc., a Nevada corporation
(the &ldquo;<U>Registrant</U>&rdquo;), engaged the accounting firm of Cornwell Jackson and Company, P.C. (&ldquo;<U>Cornwell Jackson</U>&rdquo;)
on October 11, 2004, to review and audit its financial statements in connection with its public filings with the Securities and
Exchange Commission (the &ldquo;<U>SEC</U>&rdquo;). After May 18, 2012, Cornwell Jackson provided no further services to the Registrant,
and Cornwell Jackson was dismissed by the Registrant&rsquo;s Board of Directors on May 29, 2012. In order to comply with the requirements
of the SEC Practice Section, on June 1, 2012, Cornwell Jackson submitted the notification letter indicating that the client-auditor
relationship had ceased, effective May 29, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">No report of Cornwell Jackson on the Registrant&rsquo;s
financial statements for either of the Registrant&rsquo;s past two fiscal years contained any adverse opinion or disclaimer of
opinion or was qualified or modified as to uncertainty, audit scope or accounting principles.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">During the Registrant&rsquo;s
two most recent fiscal years and through and including any interim period preceding Cornwell Jackson&rsquo;s dismissal by the Registrant&rsquo;s
Board of Directors on May<B> </B>29, 2012, there were no disagreements with Cornwell Jackson on any matter of accounting principles
or practices, financial statement disclosure, or auditing scope or procedure, which disagreement(s), if not resolved to the satisfaction
of Cornwell Jackson, would have caused it to make reference thereto in any report.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Cornwell Jackson, in
a letter to the Company dated May 26, 2011 and in connection with its audit of the Registrant&rsquo;s financial statements included
in the Registrant&rsquo;s Form 10-K for the fiscal year ended December 31, 2010, advised the Registrant that the Registrant did
not have the internal controls necessary for the Registrant to develop reliable financial statements (the &ldquo;<U>Letter</U>&rdquo;).
The Registrant&rsquo;s Board of Directors discussed the subject matter of the Letter with Cornwell Jackson, and the Registrant
has authorized Cornwell Jackson to respond fully to the inquiries of any successor accounting firms concerning the subject matter
of the Letter. There were no disagreements with Cornwell Jackson regarding the Letter or the subject matter of the Letter. Other
than the Letter, during the Registrant&rsquo;s two most recent fiscal years and through and including any interim period preceding
Cornwell Jackson&rsquo;s dismissal by the Registrant&rsquo;s Board of Directors on May 29, 2012, there were no &ldquo;reportable
events&rdquo; (as that term is defined in Item 304(a)(1)(v) of Regulation S-K promulgated under the Securities Act of 1933, as
amended (&ldquo;<U>Regulation S-K</U>&rdquo;)).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Registrant requested
that Cornwell Jackson furnish it with a letter addressed to the SEC stating whether or not it agrees with the above statements.
A copy of such letter to the SEC is filed as <U>Exhibit 16.1</U> to this Current Report on Form 8-K.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(b)&#9;On May 29, 2012, the Registrant
engaged the firm of Whitley Penn LLP (&ldquo;<U>WP</U>&rdquo;) as the Registrant&rsquo;s principal independent accountant to audit
the Registrant&rsquo;s financial statements. The members of the Registrant&rsquo;s Board of Directors unanimously<B> </B>approved
the engagement of WP.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Prior to the engagement
of WP, neither the Registrant nor any person on the Registrant&rsquo;s behalf consulted WP regarding either (i) the application
of accounting principles to a specified completed or proposed transaction or the type of audit opinion that might be rendered on
the Registrant&rsquo;s financial statements, or (ii) any matter that was the subject of a disagreement (as defined in Item 304(a)(1)(iv)
of Regulation S-K and the related instructions to such Item) or a reportable event (as defined in Item 304(a)(1)(v) of Regulation
S-K).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.2pt; text-align: justify; text-indent: -70.2pt"><B>Item
7.01.&#9;Regulation FD.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.2pt; text-align: justify; text-indent: -70.2pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">On June 4, 2012, the Registrant
issued the press release filed as <U>Exhibit 99.1</U>, which is incorporated by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.2pt; text-align: justify; text-indent: -70.2pt"><B>Item
9.01.&#9;Financial Statements and Exhibits.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 70.2pt; text-align: justify; text-indent: -70.2pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#9;Not applicable<I>.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#9;Not applicable<I>.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&#9;Not applicable<I>.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(d)&#9;<B>Exhibits</B><I>.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; padding: 0.75pt; text-decoration: underline">Exhibit No.</TD>
    <TD STYLE="padding: 0.75pt; text-decoration: underline; width: 85%">Description</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.75pt">16.1</TD>
    <TD STYLE="padding: 0.75pt">Letter from Cornwell Jackson, Inc., dated June 1, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.75pt">99.1</TD>
    <TD STYLE="padding: 0.75pt">Press Release dated June 4, 2012</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EXHIBITS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Exhibit</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Number</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD>
    <TD STYLE="width: 85%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Description</U></P></TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">16.1</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Letter from Cornwell Jackson, Inc., dated June 1, 2012</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">99.1</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Press Release dated June 4, 2012</TD>
    </TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 22pt; text-indent: -22pt">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">SIGNATURES</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">Pursuant to the requirements
of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; tab-stops: right lined 3.0in left blank 3.25in right lined 6.5in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 0; padding-left: 0; tab-stops: right lined 3.0in left blank 3.25in right lined 6.5in">DGSE COMPANIES, INC.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 0; padding-left: 0; tab-stops: right lined 3.0in left blank 3.25in right lined 6.5in">&nbsp;</TD>
    <TD STYLE="width: 5%; padding-right: 0; padding-left: 0; tab-stops: right lined 3.0in left blank 3.25in right lined 6.5in">&nbsp;</TD>
    <TD STYLE="width: 45%; padding-right: 0; padding-left: 0; tab-stops: right lined 3.0in left blank 3.25in right lined 6.5in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; tab-stops: right lined 3.0in left blank 3.25in right lined 6.5in">Date:&nbsp; June 4, 2012</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; tab-stops: right lined 3.0in left blank 3.25in right lined 6.5in">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; tab-stops: right lined 3.0in left blank 3.25in right lined 6.5in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; tab-stops: right lined 3.0in left blank 3.25in right lined 6.5in">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; tab-stops: right lined 3.0in left blank 3.25in right lined 6.5in">By:</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; tab-stops: right lined 3.0in left blank 3.25in right lined 6.5in; text-decoration: underline">/s/William H. Oyster</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; tab-stops: right lined 3.0in left blank 3.25in right lined 6.5in">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; tab-stops: right lined 3.0in left blank 3.25in right lined 6.5in">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; tab-stops: right lined 3.0in left blank 3.25in right lined 6.5in">William H. Oyster</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; tab-stops: right lined 3.0in left blank 3.25in right lined 6.5in">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; tab-stops: right lined 3.0in left blank 3.25in right lined 6.5in">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; tab-stops: right lined 3.0in left blank 3.25in right lined 6.5in">President</TD></TR>
</TABLE>


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{"company-data": {"conformed-name": "DGSE COMPANIES INC", "cik": "0000701719", "assigned-sic": "5944", "irs-number": "880097334", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-11048", "film-number": "12887058"}, "business-address": {"street1": "2817 FOREST LANE", "street2": "STE 202", "city": "DALLAS", "state": "TX", "zip": "75234", "phone": "9724843662"}, "mail-address": {"street1": "2817 FOREST LN", "city": "DALLAS", "state": "TX", "zip": "75234"}, "former-company": [{"former-conformed-name": "DALLAS GOLD & SILVER EXCHANGE INC /NV/", "date-changed": "19930114"}, {"former-conformed-name": "AMERICAN PACIFIC MINT INC", "date-changed": "19920703"}, {"former-conformed-name": "CANYON STATE CORP", "date-changed": "19860819"}]}
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):
June 4, 2012
(May 29, 2012)
DGSE
COMPANIES, INC.
(Exact name of registrant as specified in
its charter)
Nevada
1-11048
88-0097334
(State or Other
Jurisdiction of
Incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
11311 Reeder
Rd.
Dallas, Texas
75229
(Address of Principal Executive Offices) (Zip Code)
(972) 484-3662
(Registrant's telephone number, including area code)
______________________________________
(Former Name or Former Address, if Changed Since Last Report)
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):
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 4.01.	Changes
in Registrant's Certifying Accountant.
(a) DGSE Companies, Inc., a Nevada corporation
(the "
Registrant
"), engaged the accounting firm of Cornwell Jackson and Company, P.C. ("
Cornwell Jackson
")
on October 11, 2004, to review and audit its financial statements in connection with its public filings with the Securities and
Exchange Commission (the "
SEC
"). After May 18, 2012, Cornwell Jackson provided no further services to the Registrant,
and Cornwell Jackson was dismissed by the Registrant's Board of Directors on May 29, 2012. In order to comply with the requirements
of the SEC Practice Section, on June 1, 2012, Cornwell Jackson submitted the notification letter indicating that the client-auditor
relationship had ceased, effective May 29, 2012.
No report of Cornwell Jackson on the Registrant's
financial statements for either of the Registrant's past two fiscal years contained any adverse opinion or disclaimer of
opinion or was qualified or modified as to uncertainty, audit scope or accounting principles.
During the Registrant's
two most recent fiscal years and through and including any interim period preceding Cornwell Jackson's dismissal by the Registrant's
Board of Directors on May
29, 2012, there were no disagreements with Cornwell Jackson on any matter of accounting principles
or practices, financial statement disclosure, or auditing scope or procedure, which disagreement(s), if not resolved to the satisfaction
of Cornwell Jackson, would have caused it to make reference thereto in any report.
Cornwell Jackson, in
a letter to the Company dated May 26, 2011 and in connection with its audit of the Registrant's financial statements included
in the Registrant's Form 10-K for the fiscal year ended December 31, 2010, advised the Registrant that the Registrant did
not have the internal controls necessary for the Registrant to develop reliable financial statements (the "
Letter
").
The Registrant's Board of Directors discussed the subject matter of the Letter with Cornwell Jackson, and the Registrant
has authorized Cornwell Jackson to respond fully to the inquiries of any successor accounting firms concerning the subject matter
of the Letter. There were no disagreements with Cornwell Jackson regarding the Letter or the subject matter of the Letter. Other
than the Letter, during the Registrant's two most recent fiscal years and through and including any interim period preceding
Cornwell Jackson's dismissal by the Registrant's Board of Directors on May 29, 2012, there were no "reportable
events" (as that term is defined in Item 304(a)(1)(v) of Regulation S-K promulgated under the Securities Act of 1933, as
amended ("
Regulation S-K
")).
The Registrant requested
that Cornwell Jackson furnish it with a letter addressed to the SEC stating whether or not it agrees with the above statements.
A copy of such letter to the SEC is filed as
Exhibit 16.1
to this Current Report on Form 8-K.
(b)	On May 29, 2012, the Registrant
engaged the firm of Whitley Penn LLP ("
WP
") as the Registrant's principal independent accountant to audit
the Registrant's financial statements. The members of the Registrant's Board of Directors unanimously
approved
the engagement of WP.
Prior to the engagement
of WP, neither the Registrant nor any person on the Registrant's behalf consulted WP regarding either (i) the application
of accounting principles to a specified completed or proposed transaction or the type of audit opinion that might be rendered on
the Registrant's financial statements, or (ii) any matter that was the subject of a disagreement (as defined in Item 304(a)(1)(iv)
of Regulation S-K and the related instructions to such Item) or a reportable event (as defined in Item 304(a)(1)(v) of Regulation
S-K).
Item
7.01.	Regulation FD.
On June 4, 2012, the Registrant
issued the press release filed as
Exhibit 99.1
, which is incorporated by reference.
Item
9.01.	Financial Statements and Exhibits.
(a)	Not applicable
.
(b)	Not applicable
.
(c)	Not applicable
.
(d)
Exhibits
.
Exhibit No.
Description
16.1
Letter from Cornwell Jackson, Inc., dated June 1, 2012
99.1
Press Release dated June 4, 2012
EXHIBITS
Exhibit
Number
Description
16.1
Letter from Cornwell Jackson, Inc., dated June 1, 2012
99.1
Press Release dated June 4, 2012
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
DGSE COMPANIES, INC.
Date:  June 4, 2012
By:
/s/William H. Oyster
William H. Oyster
President