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): April 9, 2004
HEMACARE CORPORATION
(Exact name of registrant as specified in its charter)
California 0-15223 95-3280412
(State or other (Commission File Number) (I.R.S. Employer
jurisdiction Identification No.)
of incorporation or
organization)
21101 Oxnard Street
Woodland Hills, California 91367
(Address of principal executive (Zip Code)
offices)
(818) 226-1968
(Registrant's telephone number, including area code)
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Item 4. Changes in Registrant's Certifying Accountant
On April 5, 2004, HemaCare Corporation (the "Company")
dismissed Ernst & Young LLP ("E&Y") as the independent
accountants of the Company. On April 8, 2004 appointed
Stonefield Josephson, Inc. ("Stonefield") as the independent
accountants of the Company for the fiscal year ended December
31, 2004. The determination to dismiss E&Y and to appoint
Stonefield was made by the Board of Directors of the Company
upon the recommendation of the Audit Committee.
The reports of E&Y on the financial statements of the
Company for the fiscal years ended December 31, 2003 and 2002
did not contain any adverse opinion, disclaimer of opinion, or
qualification or modification as to uncertainty, audit scope or
accounting principles.
During the Company's two most recent fiscal years ended
December 31, 2003 and 2002, and the interim period from January
1, 2004 through April 8, 2004, there were no disagreements with
E&Y on any matter of accounting principles or practices,
financial statement disclosure or auditing scope or procedure,
which disagreements, if not resolved to the satisfaction of E&Y,
would have caused them to make reference to the subject matter
of the disagreement in connection with their reports on the
Company's financial statements for such years.
During the Company's two most recent fiscal years ended
December 31, 2003 and 2002, and the interim period from January
1, 2004 through April 8, 2004, no reportable event (as defined
in Item 304(a)(1)(v) of Regulation S-K) has occurred.
During the Company's two most recent fiscal years ended
December 31, 2003 and 2002, and the interim period from January
1, 2003 through April 8, 2004, the Company did not consult with
Stonefield on the application of accounting principles to a
specified transaction, either completed or proposed, or the type
of audit opinion that might be rendered on the Company's
financial statements, or any matter which was the subject of any
disagreement or any reportable event (as defined in Items
304(a)(1)(iv) and 304(a)(1)(v), respectively, of Regulation S-
K).
E&Y has been provided with a copy of the disclosures
contained herein. A letter from E&Y confirming its agreement
with the statements contained herein is attached as Exhibit 16.1
to this report.
Item 7. Financial Statements and Exhibits
Exhibits. The following is a list of exhibits filed as a part
of this report.
Exhibit
Number Description
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16.1 Letter of Ernst & Young LLP regarding change in
independent accountants.
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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 thereunto duly authorized.
HEMACARE CORPORATION
Date: April 9, 2004 By /s/ Robert S. Chilton
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Robert S. Chilton,
Chief Financial Officer
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