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: May 3, 2002
(Date of Earliest Event Reported)
PENN VIRGINIA CORPORATION
(Exact Name of Registrant as Specified in its Charter)
Virginia | 0-753 | 23-1184320 |
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
One Radnor Corporate Center, Suite 200, | |
100 Matsonford Road, Radnor, Pennsylvania | 19087 |
(Address of Principal Executive Offices) | (Zip Code) |
Registrant's telephone number, including area code: (610) 687-8900
Not Applicable
(Former Name, Former Address, and Former Fiscal Year, If Changed Since Last Report)
Item 4. Changes in Registrant's Certifying Accountant.
The Audit Committee of the Board of Directors of Penn Virginia Corporation (the "Company") annually considers and recommends to the Company's Board of Directors the selection of the Company's independent public accountants. Effective May 3, 2002, the Audit Committee of the Board of Directors dismissed Arthur Andersen LLP ("Andersen") as the Company's independent public accountants and engaged KPMG LLP to serve as the Company's independent public accountants for 2002. The decision to change independent public accountants is not a reflection of Andersen's capabilities, commitment or quality of service to the Company. During its five-year relationship with the Company as independent public accountants, the Andersen team exhibited the highest degree of professionalism and quality service.
Andersen's reports on the Company's consolidated financial statements for either of the past two fiscal years did not contain an adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles.
During the Company's two most recent fiscal years and the period from January 1, 2002 through May 3, 2002, there were no disagreements with Andersen 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 Andersen, would have caused Andersen to make reference to the subject matter of the disagreements in connection with Andersen's report; and during such period there were no "reportable events" of the kind listed in Item 304(a)(1)(v) of Regulation S-K.
The Company provided Andersen with a copy of the foregoing disclosure and requested Andersen to furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether Andersen agrees with the statements by the Company in the foregoing disclosure and, if not, stating the respects in which it does not agree. Andersen's letter is filed as Exhibit 16.1 to this Current Report on Form 8-K.
During the Company's two most recent fiscal years and through the date of this Current Report on Form 8-K, the Company did not consult 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 the Company'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. Financial Statements,Pro Forma Financial Information and Exhibits.
(c) Exhibits.
16.1 Letter dated May 8, 2002, from Arthur Andersen LLP to the Securities and Exchange Commission.
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.
Date: May 9, 2002 | PENN VIRGINIA CORPORATION |
By: | /s/Frank A. Pici |
Name: | Frank A. Pici |
Title: | Executive Vice President and Chief Financial Officer |
EXHIBIT INDEX
Exhibit No. | Description of Exhibit |
16.1 | Letter dated May 8, 2002, from Arthur Andersen LLP to the Securities and Exchange Commission. |