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
May 30, 2002
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Date of Report (date of earliest event reported
Commission File Number 1-9789
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TECH/OPS SEVCON, INC.
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(Exact name of registrant as specified in its charter)
Delaware 04-2985631
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
40 North Avenue, Burlington, Massachusetts, 01803-3391
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(Address of principal executive offices and zip code)
(781) 229-7896
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(Registrant's telephone number, including area code:)
ITEM 4. CHANGES IN REGISTRANTS CERTIFYING ACCOUNTANT
On May 30, 2002 the audit committee of the Board of Directors of Tech/Ops
Sevcon, Inc. (the "Company") recommended to the Board of Directors that an new
firm be selected as the Company's independent public accountants to replace
Arthur Andersen LLP ("Andersen") for the fiscal year ending September 30, 2002.
The termination of Andersen was unanimously approved by the Company's Board of
Directors. The Company is in the process of selecting a new certifying
accountant and will announce its decision as soon as that process has been
completed.
Andersen's reports on the financial statements of the Company for each of the
years ended September 30, 2000 and September 30, 2001 did not contain an
adverse opinion or a disclaimer of opinion and were not qualified or modified
as to uncertainty, audit scope or accounting principles.
During the two years ended September 30, 2001 and the interim period between
September 30, 2001 and May 30, 2002, 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
disagreements, if not resolved to the satisfaction of Andersen, would have
caused it to make reference to the subject matter of the disagreements in
connection with its report. During the years ended September 30, 2000 and
September 30, 2001 and the interim period between September 30, 2001 and May
30, 2002, 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. A
letter from Andersen is attached as Exhibit 16.1 to this Report stating
its agreement with such statements.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
Exhibit
Number Description of Exhibit
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16.1 Letter of Arthur Andersen LLP regarding
change in certifying accountant.
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.
Tech/Ops Sevcon, Inc., Registrant
June 5, 2002
/s/ Paul A McPartlin
Paul A McPartlin, Vice President,
Treasurer and Chief Financial Officer
(Principal Financial and Accounting
Officer)
EXHIBIT 16.1
LETTER OF ARTHUR ANDERSEN LLP REGARDING CHANGE IN CERTIFYING ACCOUNTANT
Andersen Logo
Arthur Andersen LLP
225 Franklin Street
Boston MA 02110 -2812
Tel 617 330 4000
Fax 617 438 9731
www.andersen.com
June 5, 2002
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington DC 20549
Dear Sir/Madam:
We have read the paragraphs of item 4 included in the Form 8-K dated June 5,
2002 of Tech/Ops Sevcon, Inc. to be fled with the Securities and Exchange
Commission and are in agreement with the statements contained therein.
Very truly yours,
/s/ Arthur Andersen LLP
Arthur Andersen LLP
cc Paul McPartlin, Tech/Ops Sevcon, Inc.