content: 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)                October 30, 1997
                                                    ------------------------------
  
  
                             Texas Equipment Corporation
  --------------------------------------------------------------------------------
          (Exact name of small business issuer as specified in its charter)
  
  
  Nevada                                 33-47921-A                 62-1459870
  --------------------------------------------------------------------------------
  (State or other jurisdiction     (Commission File            ( I.R.S.Employer
  of incorporation)                    Number)                 Identification No.)
  
  
  1305 Hobbs Hwy, Seminole, TX                                        79360
  --------------------------------------------------------------------------------
  (Address of principal executive offices)                          (Zip Code)
  
  
  (Registrant's telephone number, including area code:              (915) 758-3643
                                                        --------------------------
  
  
  --------------------------------------------------------------------------------
                (Former name, former address and former fiscal year,
                           if changed since last report)
  
  
  
  
  <PAGE>
  
  
  
  Item 4. Changes in Registrant's Certifying Accountant.
  
  (a) On October 30, 1997, the Company's independent accountant, Killman, Murrell
  & Co., resigned.
  
      Throughout most of 1997, the Company has been in litigation with several
  parties surrounding the acquisition of the registrant's wholly owned subsidiary,
  Texas Equipment Co, Inc. In May of 1997 the registrant filed an action in Gaines
  County, Texas in which the registrant named, among others, a principal, Michael
  Killman, of its independent accountant as a defendant. The Company has been able
  to settle all litigation relating to events surrounding the acquisition of Texas
  Equipment Co., Inc. with the exception of the litigation relating to Mr.
  Killman.
  
      On October 27, 1997, the registrant amended its petition naming the firm of
  Killman, Murrell & Co. as a defendant.
  
      In a letter to the Securities and Exchange Commission dated October 30,
  1997, Mr. Killman indicated that Killman, Murrell & Co. resigned as principal
  accountants and auditors of the registrant. In such resignation letter, Mr.
  Killman stated, and the Company concurs, that, in connection with the audits of
  the two fiscal years ending December 31, 1996, and the subsequent interim
  periods through October 30, 1997, there were no disagreements with the Company
  on any matters of accounting principles, or practices, financial statement
  disclosures, or auditing scope or procedures, which disagreements, if not
  resolved would have caused the accounting firm to make references in connection
  with its opinion to the subject matter of the disagreement. Mr. Killman further
  stated, and the Company concurs, that the audit report for the years ended
  December 31, 1995 and 1996 did not contain any adverse opinion or disclaimer of
  opinion, nor was such report qualified or modified as to uncertainty, audit
  scope or accounting principles.
  
      Nonetheless, Mr. Killman indicated in the same letter to the Commission that
  the firm resigned because "we believe that the current internal control
  structure of Texas Equipment Corporation is not adequate to develop reliable
  financial statements." The registrant disagrees with this statement.
  
      The registrant's audited financial statements have not been qualified. No
  audit or similar committee of the board of directors, or the board of directors,
  discussed the subject matter of deficiencies of the registrant's current
  internal control structure. The registrant plans to authorize the former
  accountant to respond fully to the inquiries of the successor accountant
  concerning the registrant's internal control structure as well as any other
  matter relating the engagement of Killman, Murrell & Co. and that firm's
  auditing activities.
  
      The registrant believes the accounting process is critical for a number of
  its constituencies as well as management control. These constituencies include
  its stockholders and John Deere, and the registrant's rapid growth requires
  heightened attention to all aspects of its accounting system and processes,
  including internal control. While the registrant believes its systems, including
  internal controls, are adequate, the registrant is actively improving its
  accounting systems, including its internal controls. It has hired a controller
  and chief financial officer, and several months ago the registrant hired a
  consultant to review all of its processes, including its accounting processes.
  In addition, the Company is actively recruiting outside directors.
  
  (b) On November 3, 1997, the registrant engaged the firm of Mazars & Guerard,
  LLP as its independent auditor. Mazars & Guerard, LLP previously audited the
  Company's discontinued operations, Marinex Multimedia Corporation. The
  registrant has not consulted with the new accounting firm regarding the issues
  set forth in this Item 4. Nor has the registrant has not consulted the new
  accounting firm with regard to the application of accounting principles to a
  specified transation, either completed or proposed; or the type of audit opinion
  that might be rendered on the registrant's financial statements.
  
  Item 7.  Financial Statements and Exhibits.
  
  Exhibit 16. Letter re change in certifying accountant.
  
  
  
  
  <PAGE>
  
  
  
  
                                                        SIGNATURES
  
  
  
           Pursuant to the requirements of the Securities Exchange Act or 1934,
  the registrant has duly caused this report to be signed on its behalf, thereby
  duly authorized.
  
  
  
  
  
  
  
      Date: November 4, 1997
  
                                                Texas Equipment Corporation
  
  
  
  
  
  
  
                                                /s/ Paul Condit
                                                ----------------------------------
  
                                                Paul Condit, President
  
  
  
  
  <PAGE>
metadata_documents: [{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 6392}]
metadata_filer: {"company-data": {"conformed-name": "TEXAS EQUIPMENT CORP", "cik": "0000887996", "assigned-sic": "2721", "irs-number": "621459870", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-21813", "film-number": "97709026"}, "business-address": {"street1": "1305 HOBBS HIGHWAY", "street2": "C/O PAUL CONDIT", "city": "SEMINOLE", "state": "TX", "zip": "79360", "phone": "9157583643"}, "mail-address": {"street1": "1305 HOBBS HIGHWAY", "city": "SEMINOLE", "state": "FL", "zip": "79360"}, "former-company": [{"former-conformed-name": "MARINEX MULTIMEDIA CORP", "date-changed": "19960501"}, {"former-conformed-name": "HARD FUNDING INC", "date-changed": "19940407"}]}
text: 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)                October 30, 1997
                                                    ------------------------------
  
                             Texas Equipment Corporation
  --------------------------------------------------------------------------------
          (Exact name of small business issuer as specified in its charter)
  
  Nevada                                 33-47921-A                 62-1459870
  --------------------------------------------------------------------------------
  (State or other jurisdiction     (Commission File            ( I.R.S.Employer
  of incorporation)                    Number)                 Identification No.)
  
  1305 Hobbs Hwy, Seminole, TX                                        79360
  --------------------------------------------------------------------------------
  (Address of principal executive offices)                          (Zip Code)
  
  (Registrant's telephone number, including area code:              (915) 758-3643
                                                        --------------------------
  
  --------------------------------------------------------------------------------
                (Former name, former address and former fiscal year,
                           if changed since last report)
  Item 4. Changes in Registrant's Certifying Accountant.
  
  (a) On October 30, 1997, the Company's independent accountant, Killman, Murrell
  & Co., resigned.
  
      Throughout most of 1997, the Company has been in litigation with several
  parties surrounding the acquisition of the registrant's wholly owned subsidiary,
  Texas Equipment Co, Inc. In May of 1997 the registrant filed an action in Gaines
  County, Texas in which the registrant named, among others, a principal, Michael
  Killman, of its independent accountant as a defendant. The Company has been able
  to settle all litigation relating to events surrounding the acquisition of Texas
  Equipment Co., Inc. with the exception of the litigation relating to Mr.
  Killman.
  
      On October 27, 1997, the registrant amended its petition naming the firm of
  Killman, Murrell & Co. as a defendant.
  
      In a letter to the Securities and Exchange Commission dated October 30,
  1997, Mr. Killman indicated that Killman, Murrell & Co. resigned as principal
  accountants and auditors of the registrant. In such resignation letter, Mr.
  Killman stated, and the Company concurs, that, in connection with the audits of
  the two fiscal years ending December 31, 1996, and the subsequent interim
  periods through October 30, 1997, there were no disagreements with the Company
  on any matters of accounting principles, or practices, financial statement
  disclosures, or auditing scope or procedures, which disagreements, if not
  resolved would have caused the accounting firm to make references in connection
  with its opinion to the subject matter of the disagreement. Mr. Killman further
  stated, and the Company concurs, that the audit report for the years ended
  December 31, 1995 and 1996 did not contain any adverse opinion or disclaimer of
  opinion, nor was such report qualified or modified as to uncertainty, audit
  scope or accounting principles.
  
      Nonetheless, Mr. Killman indicated in the same letter to the Commission that
  the firm resigned because "we believe that the current internal control
  structure of Texas Equipment Corporation is not adequate to develop reliable
  financial statements." The registrant disagrees with this statement.
  
      The registrant's audited financial statements have not been qualified. No
  audit or similar committee of the board of directors, or the board of directors,
  discussed the subject matter of deficiencies of the registrant's current
  internal control structure. The registrant plans to authorize the former
  accountant to respond fully to the inquiries of the successor accountant
  concerning the registrant's internal control structure as well as any other
  matter relating the engagement of Killman, Murrell & Co. and that firm's
  auditing activities.
  
      The registrant believes the accounting process is critical for a number of
  its constituencies as well as management control. These constituencies include
  its stockholders and John Deere, and the registrant's rapid growth requires
  heightened attention to all aspects of its accounting system and processes,
  including internal control. While the registrant believes its systems, including
  internal controls, are adequate, the registrant is actively improving its
  accounting systems, including its internal controls. It has hired a controller
  and chief financial officer, and several months ago the registrant hired a
  consultant to review all of its processes, including its accounting processes.
  In addition, the Company is actively recruiting outside directors.
  
  (b) On November 3, 1997, the registrant engaged the firm of Mazars & Guerard,
  LLP as its independent auditor. Mazars & Guerard, LLP previously audited the
  Company's discontinued operations, Marinex Multimedia Corporation. The
  registrant has not consulted with the new accounting firm regarding the issues
  set forth in this Item 4. Nor has the registrant has not consulted the new
  accounting firm with regard to the application of accounting principles to a
  specified transation, either completed or proposed; or the type of audit opinion
  that might be rendered on the registrant's financial statements.
  
  Item 7.  Financial Statements and Exhibits.
  
  Exhibit 16. Letter re change in certifying accountant.
  SIGNATURES
  
           Pursuant to the requirements of the Securities Exchange Act or 1934,
  the registrant has duly caused this report to be signed on its behalf, thereby
  duly authorized.
  
      Date: November 4, 1997
  
                                                Texas Equipment Corporation
  
                                                /s/ Paul Condit
                                                ----------------------------------
  
                                                Paul Condit, President