Form 8-K - CURRENT REPORT
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: July 6, 2001
SPRINGHILL LAKE INVESTORS LIMITED PARTNERSHIP
(Exact name of registrant as specified in its charter)
Maryland 0-14569 04-2848939
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification
Number)
55 Beattie Place
Post Office Box 1089
Greenville, South Carolina 29602
(Address of principal executive offices)
Registrant's telephone number, including area code (864) 239-1000
N/A
(Former address, if changed since last report)
Item 4. Changes in Registrant's Certifying Accountant
As of July 6, 2001, Arthur Andersen LLP, the independent accountant previously
engaged as the principal accountant to audit the financial statements of
Springhill Lake Investors Limited Partnership (the "Registrant" or the
"Partnership"), was terminated. As of the same date, the firm of Ernst & Young
LLP was engaged to provide the service for the Registrant.
The audit reports of Arthur Andersen LLP on the financial statements of the
Partnership as of and for the years ended December 31, 2000 and 1999, did not
contain any adverse opinion or disclaimer of opinion, nor were they qualified or
modified as to uncertainty, audit scope or accounting principles. The Registrant
previously filed a Current Report on Form 8-K on December 8, 1999 disclosing the
dismissal of KPMG LLP and the engagement of Arthur Andersen LLP.
The decision to change accountants was approved by the board of directors of the
managing general partner of the Partnership on July 6, 2001.
During the Partnership's two most recent fiscal years and any subsequent interim
period preceding the change, there were no disagreements with the former
accountants 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 the former accountants, would have caused it
to make reference to the subject matter of the disagreements in connection with
its report.
The Registrant has provided a copy of this disclosure to the former accountant
and the Registrant requested that the former accountant furnish the Registrant
with a letter addressed to the Securities and Exchange Commission stating
whether it agrees with the statements made by the Registrant, and, if not,
stating the respects in which it does not agree. A copy of the former
accountant's response indicating agreement is included as an exhibit to this
report.
Item 7. Financial Statements and Exhibits
(c) Exhibits
16.1 Letter dated July 13, 2001, from the former accountant
regarding its concurrence with the statements made by the
Registrant in this Current Report.
SIGNATURE
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.
SPRINGHILL LAKE INVESTORS LIMITED PARTNERSHIP
By: Three Winthrop Properties, Inc.
Managing General Partner
By: /s/ Patrick J. Foye
Patrick J. Foye
Executive Vice President
Date: July 13, 2001
Exhibit 16.1
July 13, 2001
Office of the Chief Accountant
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Dear Sir/Madam:
We have read Item 4 included in the Form 8-K dated July 6, 2001 of Springhill
Lake Investors Limited Partnership filed with the Securities and Exchange
Commission and are in agreement with the statements contained therein.
Very truly yours,
ARTHUR ANDERSEN LLP
Denver, Colorado
/s/Jeffrey S. Finnin
Jeffrey S. Finnin
cc: Mr. Thomas Novosel