-----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, BYQfEiDtctOKNdMmToaYtmRCgdM8PiwPuVvNKnPckUsllnwhIDjAA/ci5eLhoEuP 5VO+9eYrl2BhSj86L/INLQ== 0000912057-02-022783.txt : 20020606 0000912057-02-022783.hdr.sgml : 20020606 20020603120910 ACCESSION NUMBER: 0000912057-02-022783 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20020531 ITEM INFORMATION: Changes in registrant's certifying accountant ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020603 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LODGENET ENTERTAINMENT CORP CENTRAL INDEX KEY: 0000911002 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATION SERVICES, NEC [4899] IRS NUMBER: 460371161 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22334 FILM NUMBER: 02668606 BUSINESS ADDRESS: STREET 1: 3900 W. INNOVATION STREET CITY: SIOUX FALLS STATE: SD ZIP: 57107- BUSINESS PHONE: (605)-988- MAIL ADDRESS: STREET 1: 808 WEST AVE N CITY: SIOUX FALLS STATE: SD ZIP: 57104 FORMER COMPANY: FORMER CONFORMED NAME: LNET INC DATE OF NAME CHANGE: 19930820 8-K 1 a2081506z8-k.htm 8-K
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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) May 31, 2002

LODGENET ENTERTAINMENT CORPORATION
(Exact Name of Registrant as Specified in Charter)

Delaware
(State or Other Jurisdiction
of Incorporation)
  0-22334
(Commission
File Number)
  46-0371161
(IRS Employer
Identification No.)

3900 West Innovation Street, Sioux Falls, SD 57107
(Address of Principal Executive Offices) (Zip Code)

Registrant's telephone number, including area code (605) 988-1000

n/a
(Former name or former address, if changed since last report)





Item 4.    Change in Registrant's Certifying Accountant

        On May 31, 2002, the board of directors (the "Board") of LodgeNet Entertainment Corporation (the "Company"), at the recommendation of its audit committee, dismissed Arthur Andersen LLP ("Andersen") as the Company's independent public accountants and engaged PricewaterhouseCoopers LLP ("PwC") to serve as the Company's independent public accountants for the fiscal year 2002.

        Andersen's reports on the Company's consolidated financial statements for each of the years ended December 31, 2001 and 2000 did not contain an adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles.

        During the years ended December 21, 2001 and 2000 and through May 31, 2002, there were no disagreements with Andersen on any matters of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to Andersen's satisfaction, would have caused them to make reference to the subject matter of the disagreements in connection with their report on the Company's consolidated financial statements of such years; and there are no "reportable events," as such term is defined in Item 304(a)(1)(v) of Regulation S-K.

        The Company provided Andersen with a copy of the foregoing disclosures. Attached, as Exhibit 16.1 is a copy of Andersen's letter, dated May 31, 2002 and addressed to the Securities and Exchange Commission, stating its agreement with the statements contained in such disclosures.

        During the years ended December 31, 2001 and 2000 and through the date of Board's decision to engage PwC, the Company did not consult with PwC 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 Company's consolidated financial statements, or any other matters or reportable events as set forth in Item 304(a)(2)(i) and (ii) of Regulation S-K.


Item 7.    Financial Statements and Exhibits.

(c)
Exhibits.
    16.1   Letter from Arthur Andersen LLP to the Securities and Exchange Commission, dated May 31, 2002

 

 

99.1

 

Press Release, dated May 31, 2002

2



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.

    LODGENET ENTERTAINMENT CORPORATION
       
       

Date: May 31, 2002

 

By

/s/  
GARY H. RITONDARO      
Gary H. Ritondaro
    Its Chief Financial Officer

3



EXHIBIT INDEX

16.1   Letter from Arthur Andersen LLP to the Securities and Exchange Commission, dated May 31, 2002

99.1

 

Press Release, dated May 31, 2002



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SIGNATURES
EXHIBIT INDEX
EX-16.1 3 a2081506zex-16_1.htm EXHIBIT 16.1
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Exhibit 16.1


 

 

Arthur Andersen LLP
45 South Seventh Street
Minneapolis, MN 55402-2800
Tel 612-332-1111
www.andersen.com

Office of the Chief Accountant
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549

May 31, 2002

Dear Sir/Madam:

        We have read the second and third paragraphs of Item 4 included in the Form 8-K dated May 31, 2002 of LodgeNet Entertainment Corporation to be filed with the Securities and Exchange Commission and are in agreement with the statements contained therein.

Very truly yours,

/s/ Arthur Andersen LLP

Copy to:

Mr. Gary Ritondaro, Senior Vice President and Chief Financial Officer
LodgeNet Entertainment Corporation




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EX-99.1 4 a2081506zex-99_1.htm EXHIBT 99.1
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Exhibit 99.1

FOR IMMEDIATE RELEASE

CONTACT:
Ann Parker
Director of Corporate Communications
LodgeNet Entertainment Corporation
605-988-1000
communications@lodgenet.com


LODGENET APPOINTS NEW INDEPENDENT AUDITOR

        SIOUX FALLS, SD, May 31, 2002—LodgeNet Entertainment Corporation (Nasdaq:LNET) LodgeNet Entertainment Corporation today announced that it has appointed PricewaterhouseCoopers LLP as the company's independent auditor for 2002.

        "We look forward to working with PricewaterhouseCoopers as our independent auditor," said Gary H. Ritondaro, LodgeNet's senior vice president and chief financial officer.

        Prior to the selection of PricewaterhouseCoopers, Arthur Andersen LLP had served as the company's independent auditor. The decision to change auditors was not the result of any disagreement between the company and Arthur Andersen on any matter of accounting principles or practice, financial statement disclosure, or auditing scope or procedure.

        "We value greatly the professional services provided by Arthur Andersen to LodgeNet but given their current challenges, both management and the audit committee felt it was appropriate to make the change to PricewaterhouseCoopers," said Ritondaro.

    About LodgeNet

        LodgeNet Entertainment Corporation (www.lodgenet.com) is the leading provider in the delivery of broadband, interactive services to the hospitality industry, serving more hotel properties throughout the United States and Canada as well as select international markets than any other company in the industry. These services include on-demand digital movies, digital music and music videos, Nintendo® video games, high-speed Internet access and other interactive television services designed to serve the needs of the hospitality industry and the traveling public. As one of the largest companies in the industry, LodgeNet provides service to more than 900,000 rooms (including more than 850,000 interactive guest pay rooms) in more than 5,500 hotel properties worldwide. More than 260 million travelers have access to LodgeNet systems on an annual basis. LodgeNet is listed on NASDAQ and trades under the symbol LNET.

        NOTE: This press release contains "forward-looking statements" within the meaning of federal securities law, including statements concerning business strategies and their intended results, and similar statements concerning anticipated future events and expectations that are not historical facts. The forward-looking statements in this press release are subject to numerous risks and uncertainties, including the effects of economic conditions; supply and demand changes for hotel rooms; competitive conditions in the lodging industry; relationships with clients and property owners; changes in technology; potential effects of litigation; the impact of government regulations; and the availability of capital to finance growth, which could cause actual results to differ materially from those expressed in or implied by the statements herein.

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LODGENET APPOINTS NEW INDEPENDENT AUDITOR
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