-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KLH9hjJJG8io9Iwn74iXniK7QtUwu310aEEm9ezZUVJte9vKuNoVsw7Ho9byACgh X79Q3oFaMXTlANv2oNDvLA== 0000950159-03-000719.txt : 20030825 0000950159-03-000719.hdr.sgml : 20030825 20030825114150 ACCESSION NUMBER: 0000950159-03-000719 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030813 ITEM INFORMATION: Changes in registrant's certifying accountant ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030825 FILER: COMPANY DATA: COMPANY CONFORMED NAME: K TRON INTERNATIONAL INC CENTRAL INDEX KEY: 0000000020 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL [3823] IRS NUMBER: 221759452 STATE OF INCORPORATION: NJ FISCAL YEAR END: 0102 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-09576 FILM NUMBER: 03863764 BUSINESS ADDRESS: STREET 1: ROUTE 55 & 553 STREET 2: BOX 888 CITY: PITMAN STATE: NJ ZIP: 08071-0888 BUSINESS PHONE: 8562563318 MAIL ADDRESS: STREET 1: ROUTE 55 & 553 STREET 2: P O BOX 888 CITY: PITMAN STATE: NJ ZIP: 08071-0888 8-K/A 1 ktron8ka.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 --------------------- FORM 8-K/A (Amendment No. 1) CURRENT REPORT Pursuant To Section 13 Or 15(d) Of The Securities Exchange Act Of 1934 Date of Report (Date of earliest event reported) August 13, 2003 ---------------- K-TRON INTERNATIONAL, INC. ----------------------------- (Exact name of registrant as specified in its charter) New Jersey 0-9576 22-1759452 - ------------------------------ ------------------------ -------------------- (State or other (Commission file number) (IRS Employer jurisdiction of incorporation) Identification No.) Routes 55 & 553, P.O. Box 888, Pitman, New Jersey 08071-0888 ------------------------------------------------- ----------- (Address of principal executive offices) (Zip code) Registrant's telephone number, including area code (856) 589-0500 -------------- Not Applicable ----------------------------------------------------------- (Former name or former address, if changed since last report) Item 4. Changes in Registrant's Certifying Accountant. ---------------------------------------------- On August 13, 2003, the Audit Committee of the Board of Directors of K-Tron International, Inc. ("K-Tron" or the "Company"), pursuant to authority delegated to it by K-Tron's Board of Directors, dismissed KPMG LLP ("KPMG") as K-Tron's independent auditors. In addition, on August 13, 2003, the Audit Committee engaged Grant Thornton LLP to serve as K-Tron's independent auditors for the fiscal year ending January 3, 2004. KPMG had been engaged to serve as the Company's independent auditors on June 22, 2002, following the dismissal of Arthur Andersen LLP. KPMG's report on K-Tron's consolidated financial statements for the past year did not contain an adverse opinion or disclaimer of opinion, nor was it qualified or modified as to uncertainty, audit scope or accounting principles, except as follows: KPMG's report on the consolidated financial statements of K-Tron International, Inc. as of and for the year ended December 28, 2002 contained a separate paragraph stating, "the fiscal 2001 and fiscal 2000 consolidated financial statements and financial statement schedule of K-Tron International, Inc. and subsidiaries were audited by other auditors who have ceased operations. As described in Note 7, these consolidated financial statements have been revised to include the transitional disclosures required by Statement of Financial Accounting Standards No. 142, "Goodwill and Other Intangible Assets", which was adopted by the Company as of December 30, 2001. In our opinion, such disclosures for fiscal 2001 and fiscal 2000 in Note 7 are appropriate. However, we were not engaged to audit, review, or apply any procedures to the fiscal 2001 and fiscal 2000 consolidated financial statements and financial statement schedule of K-Tron International, Inc. and subsidiaries other than with respect to such disclosures, and, accordingly, we do not express an opinion or any other form of assurance on the fiscal 2001 and fiscal 2000 consolidated financial statements taken as a whole". 2 During K-Tron's most recent fiscal year and through the date of KPMG's dismissal, there were no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure which, if not resolved to KPMG's satisfaction, would have caused it to make reference to the subject matter in connection with its report on K-Tron's consolidated financial statements for such year. During K-Tron's two most recent fiscal years and through the date of Grant Thornton LLP's engagement, K-Tron did not consult with Grant Thornton LLP 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 K-Tron's consolidated financial statements, or any other matters. K-Tron has provided KPMG with a copy of the foregoing disclosure. Attached as Exhibit 16 is a copy of KPMG's letter, dated August 22, 2003. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. -------------------------------------------------------------------- (c) Exhibits. 16 Letter from KPMG LLP to the Securities and Exchange Commission dated August 22, 2003 3 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, thereunto duly authorized. K-Tron International, Inc. --------------------------- (Registrant) Dated: August 25, 2003 By: /s/ Ronald R. Remick ------------------------------------ Ronald R. Remick Senior Vice President & Chief Financial Officer (Duly authorized officer and principal financial officer of the Registrant) 4 EXHIBIT INDEX Exhibit Number Description ------- ----------- 16 Letter from KPMG LLP to the Securities and Exchange Commission dated August 22, 2003 EX-16 3 exhibit16.txt EXHIBIT 16 August 22, 2003 Securities and Exchange Commission Washington, D.C. 20549 Ladies and Gentlemen: We were previously principal accountants for K-Tron International, Inc. and, under the date of February 10, 2003, we reported on the consolidated financial statements of K-Tron International, Inc. as of and for the year ended December 28, 2002. On August 13, 2003, our appointment as principal accountants was terminated. We have read K-Tron International Inc.'s statements included under Item 4 of its Form 8-K/A (Amendment No. 1) dated August 13, 2003, and we agree with such statements, except that we are not in a position to agree or disagree with K-Tron International Inc.'s statement that Grant Thornton LLP was not engaged regarding the application of accounting principles to a specified transaction or the type of audit opinion that might be rendered on K-Tron International Inc.'s consolidated financial statements. Very truly yours, KPMG LLP -----END PRIVACY-ENHANCED MESSAGE-----