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)June 5, 2002
ZALE CORPORATION
(Exact name of registrant as specified in its charter)
| | | | | |
| Delaware | | 001-04129 | | 75-0675400 |
|
(State or other
jurisdiction of
incorporation) | | (Commission
File Number) | | (IRS Employer
Identification No.) |
| | | |
| 901 W. Walnut Hill Lane, Irving, Texas | | 75038-1003 |
|
| (Address of principal executive offices) | | (Zip Code) |
Registrant’s telephone number, including area code(972) 580-4000
Not Applicable
(Former name or former address, if changed since last report)
TABLE OF CONTENTS
Item 4. Changes in Registrant’s Certifying Accountant.
On June 5th, 2002, the Board of Directors of Zale Corporation (“the Company”) upon recommendation of its Audit Committee, decided to end the engagement of Arthur Andersen LLP (“Arthur Andersen”) as the Company’s independent public accountants, and engaged KPMG LLP (“KPMG”) to serve as the Company’s independent public accountants for the fiscal year ending July 31, 2002, effective immediately.
Arthur Andersen’s reports on the Company’s Consolidated Financial Statements for each of the fiscal years ended July 31, 2001 and July 31, 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 fiscal years ended July 31, 2001 and July 31, 2000, and through the date hereof, there were no disagreements with Arthur Andersen on any matter of accounting principle or practice, financial statement disclosure, or auditing scope or procedure which, if not resolved to Arthur Andersen’s satisfaction, would have caused Arthur Andersen to make reference to the subject matter in connection with its report on the Company’s Consolidated Financial Statements for such years. There were no reportable events as defined in Item 304 (a) (1) (v) of Regulation S-K.
The Company provided Arthur Andersen with a copy of the foregoing disclosures. Exhibit 16.1 is a copy of Arthur Andersen’s letter, dated June 5th, 2002, stating its agreement with such statements.
During the fiscal years ended July 31, 2001 and July 31, 2000, and through the date hereof, the Company 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 Company’s Consolidated 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, ProForma Financial Statements and Exhibits
| | | |
| 16.1 | | Letter from Arthur Andersen LLP to the Securities and Exchange Commission, dated June 5, 2002, regarding change in certifying accountant |
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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.
| | | | | |
| | | | | ZALE CORPORATION
Registrant |
| |
| Date: June 6, 2002 | | By: | | /s/ Mark R. Lenz
Mark R. Lenz
Senior Vice President, Controller
(principal accounting officer
of the registrant) |
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EXHIBIT INDEX
| | | |
| Exhibit | | |
| Number | | Description |
| |
|
| 16.1 | | Letter from Arthur Andersen LLP to the Securities and Exchange Commission, dated June 5, 2002, regarding change in certifying accountant |
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