8-K 1 ttn401k.htm FORM 8K TITAN Titan Corporation

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549


FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):  June 24, 2002

TITAN CORPORATION
CONSOLIDATED RETIREMENT PLAN

(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction of incorporation)

1-6035

95-2588754

(Commission File No.)

(IRS Employer Identification No.)

3033 Science Park Road
San Diego, California 92121-1199
(Address of principal executive offices and zip code)

Registrant's telephone number, including area code: (858) 552-9500


Item 4.             Changes in Registrant’s Certifying Accountant.

                       On April 11, 2002, the Board of Directors of The Titan Corporation (the “Company”), upon recommendation of its Audit Committee, decided not to engage Arthur Andersen LLP (“Andersen”) as the Company’s principal public accountants and engaged KPMG LLP (“KPMG”) to serve as the Company’s principal public accountants for fiscal year 2002, subject to shareholder ratification.  Subsequently, on May 16, 2002 the Company’s shareholders ratified the Board’s selection of KPMG and on June 24, 2002, the Administrative Committee for the Company’s Consolidated Retirement Plan (the “Plan”) engaged KPMG LLP to provide audit services related to the Plan.

                       Andersen’s reports on the Plan for the two most recent fiscal years ended December 31, 2000 did not contain any adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles.

                       During the Plan’s two most recent fiscal years ended December 31, 2000 and the subsequent interim period through June 24, 2002, there were no disagreements between the Plan and Andersen on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to Andersen’s satisfaction, would have caused them to make reference to the subject matter of the disagreement in connection with their reports; and there were no reportable events as described in Item 304(a) (1) (v) of Regulation S-K.

                       The Plan provided Andersen with a copy of the foregoing disclosures.  Attached as Exhibit 16 is a copy of Andersen’s letter, dated June 27, 2002, stating its agreement with such statements.

                       During the Plan’s two most recent fiscal years ended December 31, 2000 and the subsequent interim period through June 24, 2002, the Plan did not consult KPMG with respect to 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 Plan’s financial statements, or any other matters or reportable events as set forth in Items 304 (a) (2) (i) and (ii) of Regulation S-K.

Item 7.              Financial Statements, Pro Forma Financial Information and Exhibits.

                      

(c)        

Exhibits.

  

  

  

Exhibit 16 – Letter from Arthur Andersen LLP to the Securities and Exchange Commission dated June 27, 2002.


  Item 9.             Regulation FD Disclosure.

                       On April 15, 2002, the Company issued a press release related to the replacement of its principal public accountants.  The Company is furnishing the press release as Exhibit 99 hereto for informational purposes only pursuant to Regulation FD.

Exhibit 99     

Press release dated April 15, 2002 related to the replacement of the Company’s principal public accountants.

SIGNATURE

                       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.

June 27, 2002

THE TITAN CORPORATION

By

/s/ MARK W. SOPP


Mark W. Sopp
Senior Vice President
Chief Financial Officer