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FORM 8-K--CURRENT REPORT
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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 (Date of earliest event reported): July 26, 2001
Teknowledge Corporation
(Exact name of registrant as specified in its charter)
Delaware 0-14793 94-2760916
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1810 Embarcadero Road, Palo Alto, California 94303
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (650) 424-0500
Item 4. Changes in Registrant's Certifying Accountant.
(a) As of July 26, 2001, Teknowledge Corporation (the "Registrant") terminated
its engagement of Arthur Andersen LLP as the Registrant's independent
public accountants and auditors effective immediately. The decision to
replace Arthur Andersen LLP as the Registrant's accountants and auditors
was approved by the Audit Committee of the Registrant's Board of Directors.
The report of Arthur Andersen for the fiscal years ended December 31, 2000
and 1999, contained no adverse opinions, disclaimer of opinion or
qualification or modification as to uncertainty, audit scope or accounting
principles.
During the fiscal years ended December 31, 2000 and 1999 and the interim
period from January 1, 2001 through July 26, 2001, there were no
disagreements between the Company and Arthur Andersen LLP on any accounting
principles or practices, financial statement disclosure or auditing scope
or procedure, which, if not resolved to the satisfaction of Arthur Andersen
LLP would have caused them to make reference to the subject matter of the
disagreement in connection with their report. No event described in
paragraph (a) (1) (v) of Item 304 of Regulation S-K has occurred within the
Registrant's fiscal years ending December 31, 2000 and 1999, or the interim
period from January 1, 2001 through July 26, 2001.
The Registrant has provided Arthur Andersen LLP with a copy of the
disclosures contained herein and intends to file within 10 business days of
this filing as an exhibit to this Report containing their response to the
disclosures set forth in this Report.
(b) On July 26, 2001, the Registrant appointed Grant Thornton LLP as the
Registrant's independent public accountants and auditors, effective
immediately. The decision to appoint Grant Thornton LLP as the Registrant's
independent public accountants and auditors was approved by the Audit
Committee of the Registrant's Board of Directors.
Prior to its engagement, the Registrant did not consult with Grant Thornton
LLP on any matter which was the subject of any disagreement or any
reportable event (as defined in Item 304(a)(1)(iv) of Regulation S-K) or on
the application of accounting principles to a specified transaction, either
completed or proposed.
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.
Teknowledge Corporation
(Registrant)
Date July 26, 2001
\s\ Dennis Bugbee
Dennis Bugbee
V.P. of Finance and CFO
(Principal Financial and
Accounting Officer)