UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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 3,~~June ~~2011~~14, 2012

REEVES TELECOM LIMITED PARTNERSHIP
(Exact Name of Registrant as Specified in Charter)

South Carolina

000-09305

57-0700063

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

c/o Grace Property Management, Inc. 55 Brookville Road, Glen Head, New York 11545
(Address of principal executive offices, ZIP code)
Registrant’s telephone number, including area code:		(516) 686-2201
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:
o	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o	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 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 4 5.0102. ~~Changes~~ ~~in Registrant’s~~Departure ~~Certifying~~of ~~Accountant~~Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

~~On January 3, 2011,~~ Reeves Telecom Limited Partnership (the “Partnership”) ~~was~~ ~~notified~~has ~~that~~no ~~Frazer~~directors ~~Frost,~~or ~~LLP~~officers. ~~(“Frazer~~The ~~Frost”),~~affairs ~~the~~of ~~Partnership’s independent accountant, and~~ the ~~principal accountant that was engaged to audit the~~ Partnership’s ~~financial~~are ~~statements, was winding down operations as Frazer Frost~~managed ~~and~~by ~~that~~its ~~the~~General ~~firms~~Partner, ~~that~~Grace ~~had~~Property ~~combined to form Frazer Frost~~Management, ~~Frost,~~Inc. ~~PLLC (“Frost”)~~ and ~~Moore~~the ~~Stephens~~President ~~Wurth~~of ~~Frazer~~Grace ~~and~~Property ~~Torbert~~Management, ~~LLP (“MSWFT”), would resume their separate operations~~Inc. ~~Accordingly,~~ ~~Frazer~~is ~~Frost~~deemed ~~resigned~~to asbe the Partnership’s ~~certifying~~Principal ~~accountant~~Executive ~~on January 3~~Officer, ~~2011~~Principal ~~with~~Financial ~~immediate effect. The Partnership engaged Frost effective January 5~~Officer, ~~2011~~and ~~as its~~Principal ~~independent~~Accounting ~~registered~~Officer ~~accounting~~for ~~firm~~purposes ~~to perform the audit~~ of ~~the~~ ~~Partnership’s~~reporting ~~financial~~under ~~statements for~~ the ~~fiscal~~Securities ~~year~~Exchange ~~ended~~Act ~~December~~of 311934, ~~2010. Frost~~ ~~was~~as ~~registered with the Public Company Accounting Oversight Board effective December 21, 2010~~amended.

~~Because the~~Effective ~~Partnership~~June is14, 2012, aDavis ~~limited~~P. ~~partnership,~~Stowell itresigned ~~has~~as noPresident ~~officers~~of ~~or directors.~~ Grace Property Management, Inc. Effective June 14, ~~the~~2012, ~~Partnership’s~~Peter ~~general~~Metz was elected ~~partner~~President (of Grace Property Management, Inc. During the ~~“General~~past ~~Partner”)~~five years, ~~performs~~the ~~functions~~principal ~~generally~~employment ~~performed~~of byMr. Metz has ~~officers~~been and ~~directors. The~~continues ~~General~~to ~~Partner~~be ~~has~~as nothe ~~committees~~Senior Vice President of Sheffield Investments Inc., the management company of the Grace Family ~~including~~office anbased ~~audit~~in ~~committee~~Brookville, New York. ~~The~~ ~~Board~~Sheffield ofInvestments ~~Directors~~Inc. is an affiliate of ~~the~~Grace ~~General~~Property Management, Inc. Mr. ~~Partner~~Metz’ ~~functions~~primary responsibilities with Sheffield Investments Inc. are in the ~~capacity~~areas of anportfolio risk ~~audit~~management ~~committee~~and tax compliance. ~~The~~ ~~Board~~Mr. Metz is a licensed Certified Public Accountant in the State of New York and holds ~~Directors~~a Bachelors of ~~the~~Science ~~General~~degree ~~Partner~~from ~~has~~Cornell ~~approved~~University ~~the~~and ~~change~~a Masters of ~~accountant~~Business ~~described in~~Administration ~~this~~degree ~~Current~~from ~~Report~~the onNYU ~~Form~~Stern ~~8-K~~School of Business.

~~The financial~~Item statements for the year ended December 31, 2009 were reported on by Frazer Frost and the financial statements for the year ended December 31, 2008 were reported on by Frost, prior to its combination with MSWFT, with an unqualified opinion9. ~~Frost~~01. ~~will~~Financial ~~assume~~Statements ~~responsibility for the Frazer Frost audit of the Partnership for the year ended December 31, 2009~~ and ~~all subsequent interim periods~~Exhibits.

The report of Frazer Frost on the Partnership’s financial statements for the fiscal year ended December 31, 2009 and the report of Frost on the Partnership’s financial statements for the fiscal year ended December 31, 2008 did not contain an adverse opinion or a disclaimer of opinion, nor was either qualified or modified as to uncertainty, audit scope or accounting principlesNone. ~~The financial statements for the fiscal year ended December 31, 2010 have not been prepared.~~

Since the Partnership’s engagement of Frazer Frost as of January 1, 2010 through January 3, 2011, there were: (i) no disagreements between the Partnership and Frazer Frost on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreement, if not resolved to the satisfaction of Frazer Frost, would have caused Frazer Frost to make reference to the subject matter of the disagreement in connection with their report and (ii) no reportable events within the meaning set forth in Item 304(a)(1)(v) of Regulation S-K.SIGNATURES

~~From January~~Pursuant 1,to ~~2010 through January 3, 2011,~~ the ~~period during which Frazer Frost~~requirements ~~was~~of the ~~Partnership’s~~Securities ~~independent~~Exchange ~~accountant,~~Act ~~the Partnership did not consult with Frost on (i) the application~~ of ~~accounting principles to a specified transaction~~1934, ~~either completed or proposed, or~~ the ~~type~~registrant ofhas ~~audit~~duly ~~opinion~~caused ~~that might~~this ~~be rendered on the Partnership’s financial statements, and Frost did not provide either a written~~ report ~~or oral advice~~ to ~~the~~be ~~Partnership~~signed ~~that~~on ~~was~~its ~~an important~~behalf ~~factor considered~~ by the ~~Partnership in reaching a decision as to any~~undersigned ~~accounting,~~hereunto ~~auditing,~~duly or financial reporting issue; or (ii) any matter that was either the subject of any disagreement, as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions, or a reportable event, as described in Item 304(a)(1)(v) of Regulation S-Kauthorized. Prior to the engagement of Frazer Frost on January 1, 2010, Frost was engaged as the Partnership’s independent registered public accounting firm and the Partnership, in the normal course of the professional relationship with Frost, consulted with Frost on a variety of matters, including the application of accounting principles, auditing standards, financial reporting issues, and reportable events with management; however such consultation was not considered in the decision to retain Frost.

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	REEVES TELECOM LIMITED PARTNERSHIP
	By:	Grace Property Management, Inc., General Partner
Date: June 15, 2012		By:	/s/ PETER METZ
			Peter Metz President of General Partner (Principal Executive Officer, Principal Financial Officer, Principal Accounting Officer)

The Partnership has provided Frazer Frost a copy of the disclosures in this Form 8-K and has requested that Frazer Frost furnish the Partnership with a letter addressed to the Securities and Exchange Commission stating whether or not Frazer Frost agrees with the Partnership’s statements in response to this Item 4.01. A copy of the letter dated January 5, 2011 furnished by Frazer Frost in response to that request is filed as Exhibit 16.1 to this report.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description of Exhibit
16.1		Letter of Frazer Frost, LLP dated January 5, 2011

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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 hereunto duly authorized.

	REEVES TELECOM LIMITED PARTNERSHIP
	By:	Grace Property Management, Inc., General Partner
Date: January 5, 2011		By:	/s/ DAVIS P. STOWELL
			Davis P. Stowell President of General Partner (Principal Executive Officer, Principal Financial Officer, Principal Accounting Officer)

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