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): January 20, 2004
CytRx Corporation
(Exact Name of Registrant as Specified in its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
000-15327 58-1642750
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(Commission File Number) (I.R.S. Employer Identification No.)
11726 San Vicente Blvd., Suite 650, Los Angeles, CA 90049
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(Address of Principal Executive Offices) (Zip Code)
(310) 826-5648
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Registrant's Telephone Number, Including Area Code
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(Former Name or Former Address, if Changed Since Last Report)
Item 4. Changes in Registrant's Certifying Accountant.
The Audit Committee of the Board of Directors of CytRx Corporation (the
"Company") dismissed Ernst & Young LLP ("E&Y") as the Company's independent
auditors effective as of January 20, 2004. The reports of E&Y on the Company's
financial statements for the two most recent fiscal years audited by E&Y (the
fiscal years ended December 31, 2001 and December 31, 2002) did not contain any
adverse opinion or disclaimer of opinion and were not qualified or modified as
to uncertainty, audit scope or accounting principles.
In connection with the audits of the Company's financial statements for each of
the two fiscal years ended December 31, 2001 and December 31, 2002, and in the
subsequent interim period through January 20, 2004, there were no disagreements
with E&Y on any matters of accounting principles or practices, financial
statement disclosure or auditing scope and procedures that, if not resolved to
the satisfaction of E&Y, would have caused E&Y to make reference to the matter
in their report. The Company has requested E&Y to furnish it a letter addressed
to the Securities and Exchange Commission stating whether it agrees with the
statements contained in this Item 4. A copy of that letter, dated January 26,
2004, confirming E&Y's agreement with those statements, is filed as Exhibit 16
to this Form 8-K.
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Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) The following exhibits are filed as part of this Current
Report on Form 8-K:
Exhibit No. Description
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16 Letter of Ernst & Young LLP to the Securities and Exchange
Commission dated January 26, 2004.
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.
CYTRX CORPORATION
(Registrant)
Date: January 26, 2004
By: /s/ Steven A. Kriegsman
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Name: Steven A. Kriegsman
Title: Chief Executive Officer
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EXHIBIT INDEX
Exhibit No. Description
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16 Letter of Ernst & Young LLP to the Securities and Exchange
Commission dated January 26, 2004.