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 14, 2004
DGSE Companies, Inc.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
NEVADA
(STATE OR OTHER JURISDICTION OF INCORPORATION)
1-11048 88-0097334
(COMMISSION FILE NUMBER) (IRS EMPLOYER IDENTIFICATION NO.)
2817 FOREST LANE
DALLAS, TEXAS 75234
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICE, INCLUDING ZIP CODE)
(972) 484-3662
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
================================================================================
[_] 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 (see General Instruction A.2. below):
[_] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c)) [GRAPHIC OMITTED]
ITEM 4.01. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANTS
On October 11, 2004, the Registrant engaged BKR Cornwell Jackson as its
principal auditors. The services for which the Registrant has engaged BKR
Cornwell Jackson include the audit of the Registrant's consolidated balance
sheet and the related consolidated statement of operations, consolidated
statement of shareholder' equity and consolidated statement of cash flows for
the year ending December 31, 2004. In addition, the Registrant has engaged BKR
Cornwell Jackson to provide quarterly reviews of the Registrant's interim
financial statements on Form 10-QSB for the periods ending September 30, 2004,
March 31, 2005, June 30, 2005 and September 30, 2005.
CF & Co., L.L.P., the Registrant's former principal auditors, were notified of
their dismissal on October 5, 2004. During the two most recent fiscal years and
the subsequent interim periods preceding the dismissal, there were no
disagreements with the former accountants 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 the former
accountants, would have caused it to make reference to the subject matter or the
disagreement in connection with its reports.
The Registrant has provided CF & Co., L.L.P., a copy of this disclosure and has
requested that CF & Co., L.L.P. furnish it with a letter addressed to the U.S.
Securities Exchange Commission commenting on their review of the disclosures in
this 8-K.
Item 9.01 Financial Statements, Pro Forma Financial Information and Exhibits.
(C) Exhibit No 16.1
Letter - CF & Co., L.L.P. dated October 11, 2004
SIGNATURE
In accordance with section 13 and 15(d) of the Securities Exchange Act of 1934,
the Registrant has dully caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Dallas Gold And Silver Exchange, Inc.
/s/ John Benson
-------------------------------------
John Benson
Director and Chief Financial Officer
Dated: October 14, 2004