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 (date of earliest event reported) June 9, 2002
ARAHOVA COMMUNICATIONS, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-16899 23-1844576
(State or other jurisdiction of (Commission File Number) (IRS Employer
incorporation) Identification No.)
One North Main Street - Coudersport, PA 16915-1141
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (814) 274-9830
Item 4. Changes in Registrant's Certifying Accountant.
Arahova Communications, Inc. (the "Registrant") is a
wholly-owned subsidiary of Adelphia Communications Corporation ("Adelphia").
On June 9, 2002, Adelphia dismissed Deloitte & Touche LLP
("Deloitte"), its former independent accountants. On June 10, 2002, Deloitte
confirmed in writing to Adelphia that the client-auditor relationship between
Deloitte and Adelphia, the Registrant and certain other subsidiaries of Adelphia
had ceased. On June 13, 2002, Adelphia retained PricewaterhouseCoopers LLP
("PwC") as its independent accountants. Under this engagement PwC will serve as
independent accountants of the Registrants and certain other subsidiaries of
Adelphia. The Board of Directors of Adelphia and the Audit Committee of the
Board of Directors approved the decision to change independent accountants. On
June 14, 2002, Deloitte notified Adelphia that it was withdrawing its reports on
the financial statements of Adelphia, the Registrants and certain other
subsidiaries and affiliates of Adelphia .
The Registrant has not yet completed its financial statements
or filed its Annual Report on Form 10-K for the year ended December 31, 2001,
nor has the Registrant filed its Quarterly Report on Form 10-Q for the quarter
ended March 31, 2002. As of the date on which Deloitte was dismissed as the
Registrants' independent public accountants, Deloitte had not completed its
audit nor had it issued its report with respect to the Registrant's financial
statements for the year ended December 31, 2001.
The report of Deloitte on the financial statements of the
Registrant for the year ended December 31, 2000 contained no adverse opinion or
disclaimer of opinion and was not qualified or modified as to uncertainty, audit
scope or accounting principles. During the years ended December 31, 2000 and
December 31, 2001, and through the date of this Form 8-K, there were no
disagreements with Deloitte on any matter of accounting principles or practices,
financial statement disclosure or audit scope or procedure that, if not resolved
to the satisfaction of Deloitte, would have caused it to make reference to the
subject matter of such disagreement in its reports on the financial statements.
On May 14, 2002, Deloitte suspended its audit of the financial statements of
Adelphia and the Registrant for the year ended December 31, 2001. Other than to
the extent discussed in Adelphia's Current Report on Form 8-K filed with the
Commission on June 14, 2002 (the "Adelphia 8-K"), which is incorporated herein
by reference, there were no reportable events within the meaning of Item
304(a)(1)(v) of Regulation S-K for the years ended December 31, 2001 and
December 31, 2000 and through the date of this Form 8-K. The matters disclosed
as a reportable event in the Adelphia 8-K constitute a reportable event with
respect to the Registrant.
The Registrant has provided Deloitte with a copy of the
disclosures made in this Form 8-K and has requested that Deloitte furnish the
Registrant with a letter addressed to the Commission stating whether or not
Deloitte agrees with the above statements, and if not, stating the respects in
which it does not agree. A copy of such letter will be filed with the Commission
by the Registrant by amendment to this Form 8-K.
Item 7. Financial Statements and Exhibits.
(a) Financial Statements
Not applicable.
(b) Pro forma Financial Statements
Not applicable.
(c) Exhibits
99.01 Current Report on Form 8-K and Exhibit 99.01 thereto,
filed by Adelphia Communications Corporation with the
Commission on June 14, 2002 (previously filed and
incorporated herein by reference).
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 thereunto duly authorized.
Date: June 24, 2002
ARAHOVA COMMUNICATIONS, INC.
By: /s/ ERLAND E. KAILBOURNE
------------------------
Erland E. Kailbourne
Acting Chief Executive
Officer and Chairman
EXHIBIT INDEX
Exhibit No. Description
99.01 Current Report on Form 8-K and Exhibit 99.01 thereto, filed
by Adelphia Communications Corporation with the Commission
on June 14, 2002 (previously filed and incorporated herein
by reference).