8-K 1 af_8k203.txt CURRENT REPORT, 3-1-2002 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) March 1, 2002 A-FEM MEDICAL CORPORATION (Exact name of registrant as specified in its charter) Nevada 000-17119 33-0256820 (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.) 10180 SW Nimbus, J5 Portland, Oregon 97223 (Address of principal executive offices) (zip code) Registrant's telephone number, including area code: (503) 968-8800 Item 4. Changes in Registrant's Certifying Accountant (a) Arthur Andersen LLP (i) On March 1, 2002, Arthur Andersen LLP resigned as A-Fem Medical's independent public accountants due to concerns that A-Fem no longer fit Arthur Andersen LLP's client profile. (ii) The reports of Arthur Andersen LLP on the financial statements for the past two years (1999 and 2000) contained "going concern" qualified opinions. (iii) In connection with its audits for the two most recent years (1999 and 2000) and through March 1, 2002, there have been no disagreements with Arthur Andersen LLP 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 Arthur Andersen LLP would have caused them to make reference thereto in their report on the financial statements for such years. (iv) During the two most recent years (1999 and 2000) and through March 1, 2002, there have been no reportable events (as defined in Regulation S-K Item 304(a)(1)(v)). (v) A-Fem has requested that Arthur Andersen LLP furnish it with a letter addressed to the Securities and Exchange Commission stating whether or not it agrees with the above statements. A copy of the letter from Arthur Andersen LLP dated March 8, 2002 is filed as Exhibit 16 to this Form 8-K. Item 7. Financial Statements and Exhibits (c) Exhibits : (16) Letter re: Change in Certifying Accountant Arthur Andersen LLP Letter dated March 1, 2002 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. A-Fem Medical Corporation (Registrant) March 8, 2002 By: /s/ Steven T. Frankel ------------------------ Steven T. Frankel Chief Executive Officer President March 8, 2002 By: /s/ Martin L. Harvey ------------------------ Martin L. Harvey Controller Principal Financial Officer