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
SPARTECH CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 1-5911 43-0761773
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
120 S. CENTRAL AVENUE, SUITE 1700, CLAYTON, MISSOURI 63105
(Address of principal executive offices) (Zip Code)
Registrant's telephone number: (314) 721-4242
SPARTECH CORPORATION
FORM 8-K
ITEM 4. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT.
The Board of Directors of Spartech Corporation ("the Company"), upon the
recommendation of its Audit Committee, decided to replace Arthur Andersen LLP
("Andersen") as the Company's independent public accountants effective on April
30, 2002 and engaged Ernst & Young ("E&Y") 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 fiscal years ended November 3, 2001 and October 28, 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 November 3, 2001 and October 28, 2000, and
through the date hereof, there were no disagreements between the Company and
Andersen on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure which, if not resolved to
Andersen's satisfaction, would have caused it to make reference to the subject
matter in connection with its report on the Company's consolidated financial
statements for either of such years; and there were no reportable events as
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 3, 2002,
stating its agreement with such statements.
During the fiscal years ended November 3, 2001 and October 28, 2000, and
through the date hereof, the Company did not consult E&Y 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 matter that was
either the subject of a disagreement or a reportable event as set forth in Item
304(a)(2)(ii) of Regulation S-K.
SPARTECH CORPORATION
FORM 8-K
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
16.1 Letter from Arthur Andersen LLP to the Securities and Exchange
Commission dated May 3, 2002.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
SPARTECH CORPORATION
Date May 3, 2002 /S/Randy C. Martin
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Randy C. Martin
Executive Vice President
and Chief Financial Officer