SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): August 6, 2002
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ITW Bargaining Savings and Investment Plan
(Exact Name of Registrant as Specified in its Charter)
Not Applicable Form S-8 Reg. No. 333-17473 36-1258310, Plan No. 039
(State or other (Commission File Number) (I.R.S. Employer
jurisdiction of Identification No.)
Incorporation)
3600 West Lake Avenue, Glenview, IL 60025
(Address of principal executive offices) (Zip Code)
(Registrant's telephone number, including area code): 847-724-7500
Not Applicable
(Former name or former address, if changed since last report.)
Item 4. Changes in Accountant
On August 6, 2002, the Employee Benefits Committee of Illinois Tool Works Inc.
dismissed Arthur Andersen LLP as the auditors of the ITW Bargaining Savings and
Investment Plan (the "Plan"), and engaged the accounting firm of Grant Thornton
LLP as independent auditors of the Plan.
The audit reports of Arthur Andersen LLP on the financial statements of the Plan
as of and for the 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 two most recent years ended December 31, 2001 and 2000, and the
subsequent interim period through August 6, 2002, there were no disagreements
between the Plan and 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 Arthur Andersen LLP’s satisfaction,
would have caused Arthur Andersen LLP to make reference to the subject matter of
the disagreement in connection with its reports.
None of the reportable events described under Item 304 (a)(1)(v) of Regulation
S-K occurred within the two most recent fiscal years ended December 31, 2001 and
2000 or within the interim period through August 6, 2002.
The Plan has provided Arthur Andersen LLP with a copy of the foregoing
statements, and requested that Arthur Andersen LLP furnish a letter to the
Securities and Exchange Commission stating that it agrees with such statements.
Arthur Andersen LLP has indicated that they are unable to respond and they
neither agree nor disagree with the above statements.
During the two most recent fiscal years ended December 31, 2001 and 2000 and the
subsequent interim period through August 6, 2002, the Plan did not consult with
Grant Thornton LLP regarding any of the matters or events set forth in Item
304(a)(2)(i) and (ii) of Regulation S-K.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.
Illinois Tool Works Inc.
Date: August 12, 2002 By: /s/ Jon C. Kinney
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Jon C. Kinney
Senior Vice President and
Chief Financial Officer
