8-K 1 w61318ae8vk.txt ADVANTA CORP. FORM 8-K 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): June 28, 2002 Advanta Corp. ------------------------------------ -------------- (Exact name of registrant as specified in its charter)
Delaware 0-14120 23-1462070 --------------------------------- ---------------------- -------------------------- (State or other jurisdiction (Commission File (IRS Employer of incorporation) Number) Identification No.)
Welsh and McKean Roads, P.O. Box 844, Spring House, PA 19477 ------------------------------------------------------ --------- (Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (215) 657-4000 -------------- Item 4. Changes in Registrant's Certifying Accountant. On June 28, 2002, Advanta Corp. ("Advanta") engaged KPMG LLP as its independent public accountants and dismissed Arthur Andersen LLP("Andersen") as its independent public accountants. The decision to change Advanta's independent public accountants was recommended by Advanta's senior management and Audit Committee and approved by the Board of Directors. The decision to change independent public accountants was not the result of any disagreement with Andersen with respect to any reporting or disclosure requirement applicable to Advanta. Andersen's reports on Advanta's consolidated financial statements for the fiscal years ended December 31, 2001 and 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 fiscal years ended December 31, 2001 and 2000 and the subsequent interim period between December 31, 2001 and the dismissal of Andersen, there were no disagreements between Advanta 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 Andersen to make reference to the subject matter of the disagreement(s) in connection with its reports for such years; and there were no reportable events as defined in Item 304(a)(1)(v) of Regulation S-K. Advanta provided Andersen a copy of the foregoing disclosures. Attached as Exhibit 16 is a copy of Andersen's letter dated June 28, 2002 stating that it has found no basis for disagreement with such statements. During the fiscal years ended December 31, 2001 and 2000 and the subsequent interim period between December 31, 2001 and the filing date of this Current Report on Form 8-K, Advanta did not consult with KPMG 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 Advanta's consolidated financial statements, or any other matters or reportable events listed in Items 304(a)(2)(i) and (ii) of Regulation S-K. ITEM 7. EXHIBITS.
Exhibit No. Exhibit ----------- ------- 16 Letter from Arthur Andersen LLP to the Securities and Exchange Commission, dated June 28, 2002
-2- SIGNATURES Pursuant to the requirements of the Securities Exchange Act of l934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Advanta Corp. By: /s/ Elizabeth Mai --------------------------------------------- Elizabeth H. Mai, Senior Vice President, Secretary and General Counsel June 28, 2002 -3- EXHIBIT INDEX
Exhibit No. Exhibit Manner of Filing ----------- ------- ---------------- 16 Letter from Arthur Andersen LLP to the Securities Filed electronically herewith and Exchange Commission, dated June 28, 2002