<SEC-DOCUMENT>0001140361-18-040118.txt : 20181004
<SEC-HEADER>0001140361-18-040118.hdr.sgml : 20181004
<ACCEPTANCE-DATETIME>20181004133853
ACCESSION NUMBER:		0001140361-18-040118
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20181001
ITEM INFORMATION:		Changes in Registrant's Certifying Accountant
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20181004
DATE AS OF CHANGE:		20181004

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PURE CYCLE CORP
		CENTRAL INDEX KEY:			0000276720
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER SUPPLY [4941]
		IRS NUMBER:				840705083
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-08814
		FILM NUMBER:		181107527

	BUSINESS ADDRESS:	
		STREET 1:		34501 E. QUINCY AVE
		STREET 2:		BLDG. 34
		CITY:			WATKINS
		STATE:			CO
		ZIP:			80137
		BUSINESS PHONE:		3032923456

	MAIL ADDRESS:	
		STREET 1:		34501 E. QUINCY AVE
		STREET 2:		BLDG. 34
		CITY:			WATKINS
		STATE:			CO
		ZIP:			80137
</SEC-HEADER>
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      <div style="text-align: center; margin-right: 0.9pt; font-family: &quot;Times New Roman&quot;; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
      <div style="text-align: center; margin-right: 0.9pt; font-size: 14pt;"><font style="font-family: &quot;Times New Roman&quot;; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</font></div>
      <div style="text-align: center; margin-right: 0.9pt; font-size: 12pt;"><font style="font-family: &quot;Times New Roman&quot;; font-weight: bold;">Washington, D.C. 20549</font></div>
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      <div style="text-align: center; font-size: 18pt;"><font style="font-family: &quot;Times New Roman&quot;; font-weight: bold;">FORM 8-K</font></div>
      <div><br>
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      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">CURRENT REPORT</font></div>
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      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</font></div>
      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Date of Report (Date of earliest event reported):&#160; <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">October 1, 2018</font></font></div>
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                <div style="font-size: 24pt;">
                  <div style="text-align: center; margin-right: 0.9pt;"><font style="font-family: &quot;Times New Roman&quot;; font-weight: bold;">PURE CYCLE CORPORATION</font></div>
                </div>
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                <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(Exact name of registrant as specified in its charter)</font></div>
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                <div style="text-align: center;">&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">Colorado</font></div>
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                <div style="text-align: center;">&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(State or other jurisdiction of incorporation)</font></div>
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              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">0-8814</font></div>
            </td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 49%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">84-0705083</font></div>
            </td>
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            <td style="width: 49%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(Commission File Number)</font></div>
            </td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 49%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(IRS Employer Identification No.)</font></div>
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            <td style="width: 100%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; margin-right: 0.9pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">34501 East Quincy Avenue, Building 34, Box 10, Watkins, CO 80137</font></div>
            </td>
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              <div style="text-align: center; margin-right: 0.9pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(Address of principal executive offices)&#160; &#160; &#160; &#160; (Zip Code)</font></div>
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              <div style="text-align: left; margin-right: 0.9pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Registrant&#8217;s telephone, including area code</font></div>
            </td>
            <td style="width: 71%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; margin-right: 0.9pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(303) 292-3456</font></font></div>
            </td>
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                  <div style="text-align: center;">&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">N/A</font></div>
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                  <div style="text-align: center;">&#160;<font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(Former name or former address, if changed since last report.)</font></div>
                </td>
              </tr>

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        </div>
      </div>
      <br>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">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 <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">(see </font>General Instruction A.2. below):</font></div>
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                <td style="width: 18pt; vertical-align: top;">&#9744;</td>
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                  <div style="font-family: 'Times New Roman'; font-size: 10pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
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                <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#9744;</font></div>
              </td>
              <td style="align: left; vertical-align: top; width: auto;">
                <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></div>
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                <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#9744;</font></div>
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              <td style="align: left; vertical-align: top; width: auto;">
                <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></div>
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                <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#9744;</font></div>
              </td>
              <td style="align: left; vertical-align: top; width: auto;">
                <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></div>
              </td>
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      </div>
      <div style="text-align: left; text-indent: 0pt; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
        </font></div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167; 230.405 of this chapter)
          or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167; 240.12b-2 of this chapter).</font></div>
      <div><br>
      </div>
      <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Emerging growth company &#9744;</font></div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or
          revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. &#9744;</font></div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
        </font></div>
      <div style="text-align: left;">
        <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"><font style="font-size:
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      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">This current report on Form 8-K is filed by Pure Cycle Corporation (the &#8220;Registrant&#8221;), a Colorado corporation, in connection with the matters described
          herein.</font></div>
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                <td style="width: 72pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Item 4.01</font></td>
                <td style="width: auto; vertical-align: top; text-align: left;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Changes in Registrant&#8217;s Certifying Accountant.</font></div>
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      <div>
        <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
          </font></div>
        <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Effective as of October 1, 2018, EKS&amp;H LLLP (&#8220;EKS&amp;H&#8221;), the independent registered public accounting firm for the Registrant, combined with
            Plante &amp; Moran PLLC (&#8220;Plante Moran&#8221;).&#160; As a result of this transaction, on October 1, 2018, EKS&amp;H resigned as the independent registered public accounting firm for the Registrant.&#160; Concurrent with such resignation, the Audit Committee
            of the board of directors of the Registrant approved the engagement of Plante Moran as the new independent registered public accounting firm for the Registrant.&#160; EKS&amp;H had been the Registrant&#8217;s independent registered public accounting firm
            since December 4, 2017.</font></div>
        <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
          </font></div>
        <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">During the period from December 4, 2017 to August 31, 2018, and the subsequent interim period through October 1, 2018, there were no disagreements
            between the Registrant and EKS&amp;H on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreements, if not resolved to EKS&amp;H&#8217;s satisfaction, would have caused it to
            make reference thereto in its reports on the Registrant&#8217;s financial statements for the relevant period.&#160; During the period from December 4, 2017 to August 31, 2018, and the subsequent interim period through October 1, 2018, there were no
            reportable events, as defined in Item 304(a)(1)(v) of Regulation S-K.</font></div>
        <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
          </font></div>
        <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">During the fiscal years ended August 31, 2017 and 2018, and the subsequent interim period through October 1, 2018, the Registrant did not consult with
            Plante Moran regarding (i) 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 Registrant&#8217;s financial statements by Plante Moran, in
            either case where written or oral advice provided by Plante Moran would be an important factor considered by the Registrant in reaching a decision as to any accounting, auditing or financial reporting issue; or (ii) any other matter that was
            the subject of a disagreement between the Registrant and its former auditor or was a reportable event (as described in Item 304(a)(1)(iv) or Item 304(a)(1)(v) of Regulation S-K, respectively).</font></div>
        <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
          </font></div>
        <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The Registrant provided EKS&amp;H with a copy of this disclosure as set forth under this Item 4.01 and requested that EKS&amp;H furnish the Registrant
            with a letter addressed to the Securities and Exchange Commission stating whether EKS&amp;H agrees with the above statements and, if not, stating the respects in which it does not agree.&#160; A copy of the response letter from EKS&amp;H is attached
            hereto as Exhibit 16.1.</font></div>
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                  <td style="width: 72pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Item 9.01</font></td>
                  <td style="width: auto; vertical-align: top; text-align: justify;">
                    <div><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Financial Statements and Exhibits.</font></div>
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        </div>
        <div><br>
        </div>
      </div>
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                    <td style="width: 36pt;">&#160;</td>
                    <td style="vertical-align: top; width: 36pt;">
                      <div style="text-align: justify;"><font style="text-align: justify; text-indent: 36pt; font-size: 10pt; font-family: 'Times New Roman';">(d)</font></div>
                    </td>
                    <td style="align: left; vertical-align: top; width: auto;">
                      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Exhibits</u></font>.</font></div>
                    </td>
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            <td colspan="1" style="width: 5%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td style="width: 10%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Exhibit</font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">No.</font></div>
            </td>
            <td style="width: 2%; vertical-align: middle; padding-bottom: 2px;">&#160;</td>
            <td style="width: 83%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Description</font></div>
            </td>
          </tr>
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            <td colspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: center;"><a href="ex16_1.htm"><font style="font-size: 10pt; font-family: 'Times New Roman';">16.1</font></a></div>
            </td>
            <td style="width: 2%; vertical-align: middle;">&#160;</td>
            <td style="width: 83%; vertical-align: middle;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Letter from EKS&amp;H LLLP</font></div>
            </td>
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        <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">SIGNATURE</font></div>
        <div><br>
        </div>
      </div>
      <div>
        <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">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.</font></div>
      </div>
      <div>
        <div><br>
        </div>
      </div>
      <div>
        <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Date: October 4, 2018</font></div>
        <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
          </font></div>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
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              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">PURE CYCLE CORPORATION</font></div>
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              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">By:</font></div>
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            <td style="width: 47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">/s<font style="font-size: 10pt; font-family: 'Times New Roman';">/ Mark W. Harding</font> </td>
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            <td style="width: 3%; vertical-align: top;">&#160;</td>
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              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Mark W. Harding</font></div>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
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              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">President and Chief Financial Officer</font></div>
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<TYPE>EX-16.1
<SEQUENCE>2
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<DESCRIPTION>EXHIBIT 16.1
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  <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 16.1</font><br>
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    <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt;">October 4, 2018</div>
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    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Securities and Exchange Commission</font></div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Washington, D.C. 20549</font></div>
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    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Commissioners:</font></div>
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    <div style="text-align: justify; margin-right: 1.8pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">We have read Pure Cycle Corporations&#8217; statements included under Item 4.01 of its Form 8-K filed on October 4, 2018, and we agree with
        such statements concerning our firm.</font></div>
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    <div style="text-align: right; margin-right: 1.8pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>/s/EKS&amp;H LLLP</u></font></font></div>
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