content: Page 1 of 3
  
  
  
                                          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 17,1997
  
                    PALLET MANAGEMENT SYSTEMS, INC.
        (Exact name of registrant as specified in its charter)
  
  
  ________________________Florida______________________________
     (State or Other Jurisdiction of Incorporation)
  
      2-99212-A                             59-2197020
  (Commission File Number)           (I.R.S. Employer Identification No.)
  
  
  One S. Ocean Boulevard, Suite 305 Boca Raton, Florida 33432
   (Address of principal executive offices)           (Zip Code)
  
  (561) 338-7763
  (Registrant's telephone number, including area code)
  
  
  
  
  
  <PAGE>
  
  
  
                                                        Page 2 of 3
  
  
  
  
  ITEM 4. Changes in Registrant's Certifying Accountant
  
           On June 12,1997,  the  Registrant  notified Grant Thornton LLP, that it
  was changing auditors. The change in auditors was approved by Registrant's Board
  of  Directors.  The reason for the change of  auditors  at this time is that the
  Registrant  desired to reduce it's auditing costs in order to conserve cash. The
  change is part of a general  cost  reduction  program  begun by the  Registrant.
  There were no disagreements  with Grant Thornton LLP on any matter of accounting
  principles  or  practices,  financial  statement  disclosure  or audit  scope or
  procedure.  None of the events listed in paragraphs  (A) through (D) of Item 304
  (a) (1) (v) occurred.
  
           The new auditors  engaged by the Registrant are Kaufman & Rossin & Co.,
  2699 S. Bayshore Drive, Miami, Florida 33 .
  
  ITEM 7.  Financial Statements and Exhibits.
  
           (c)  Exhibits
  
                    1.       Copy of Letter from Grant Thornton LLP.
  
  
  
  <PAGE>
  
  
  
  
                                                                  Page 3 of 3
  
  
  
  
                                                   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.
  
  
                      Pallet Management Systems, Inc.
                              (Registrant)
  
  
  
  By:/s/ Zachary M. Richardson
     Zachary M. Richardson
     President
  
  
  DATED: June 17, 1997
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  <PAGE>
  
  
  
  Item 7. Exhibit (c)
  
  
  
                                                 GRANT THORNTON
                                                   Suite 2000
                                           200 East Broward Boulevard
                                          Ft. Lauderdale, FL 33301-1915
  
  
  
  
  
  June 16, 1997
  
  
  Securities and Exchange Commission
  Washington, DC 20549
  
  
  Re: Pallet Management Systems, Inc.
      File No. 2-99212-A
  
  
  Dear Sir or Madam:
  
  We have read Item 4 of the Form 8-K of Pallet  Management  Systems,  Inc., dated
  June 16, 1997, and agree with the statements contained therein.
  
  Very truly yours,
  
  GRANT THORNTON LLP
  
  
  
  <PAGE>
metadata_documents: [{"type": "8-K", "sequence": "1", "description": "8-K", "secsgml_size_bytes": 3332}]
metadata_filer: {"company-data": {"conformed-name": "PALLET MANAGEMENT SYSTEMS INC", "cik": "0000773724", "assigned-sic": "6770", "irs-number": "592197020", "state-of-incorporation": "FL", "fiscal-year-end": "0531"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "002-99212", "film-number": "97625044"}, "business-address": {"street1": "150 E PALMETTO PARK ROAD", "street2": "STE 800", "city": "BOCA RATON LE", "state": "FL", "zip": "33432", "phone": "3057918940"}, "mail-address": {"street1": "150 EAST PALMETTO PARK RD", "street2": "STE 800", "city": "BOCA RATON", "state": "FL", "zip": "3432"}}
text: Page 1 of 3
  
                                          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 17,1997
  
                    PALLET MANAGEMENT SYSTEMS, INC.
        (Exact name of registrant as specified in its charter)
  
  ________________________Florida______________________________
     (State or Other Jurisdiction of Incorporation)
  
      2-99212-A                             59-2197020
  (Commission File Number)           (I.R.S. Employer Identification No.)
  
  One S. Ocean Boulevard, Suite 305 Boca Raton, Florida 33432
   (Address of principal executive offices)           (Zip Code)
  
  (561) 338-7763
  (Registrant's telephone number, including area code)
  Page 2 of 3
  
  ITEM 4. Changes in Registrant's Certifying Accountant
  
           On June 12,1997,  the  Registrant  notified Grant Thornton LLP, that it
  was changing auditors. The change in auditors was approved by Registrant's Board
  of  Directors.  The reason for the change of  auditors  at this time is that the
  Registrant  desired to reduce it's auditing costs in order to conserve cash. The
  change is part of a general  cost  reduction  program  begun by the  Registrant.
  There were no disagreements  with Grant Thornton LLP on any matter of accounting
  principles  or  practices,  financial  statement  disclosure  or audit  scope or
  procedure.  None of the events listed in paragraphs  (A) through (D) of Item 304
  (a) (1) (v) occurred.
  
           The new auditors  engaged by the Registrant are Kaufman & Rossin & Co.,
  2699 S. Bayshore Drive, Miami, Florida 33 .
  
  ITEM 7.  Financial Statements and Exhibits.
  
           (c)  Exhibits
  
                    1.       Copy of Letter from Grant Thornton LLP.
  Page 3 of 3
  
                                                   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.
  
                      Pallet Management Systems, Inc.
                              (Registrant)
  
  By:/s/ Zachary M. Richardson
     Zachary M. Richardson
     President
  
  DATED: June 17, 1997
  Item 7. Exhibit (c)
  
                                                 GRANT THORNTON
                                                   Suite 2000
                                           200 East Broward Boulevard
                                          Ft. Lauderdale, FL 33301-1915
  
  June 16, 1997
  
  Securities and Exchange Commission
  Washington, DC 20549
  
  Re: Pallet Management Systems, Inc.
      File No. 2-99212-A
  
  Dear Sir or Madam:
  
  We have read Item 4 of the Form 8-K of Pallet  Management  Systems,  Inc., dated
  June 16, 1997, and agree with the statements contained therein.
  
  Very truly yours,
  
  GRANT THORNTON LLP