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) December 29, 1997
REGENT ASSISTED LIVING, INC.
Oregon 0-27108 93-1171049
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(State or other jurisdiction of (Commission (IRS Employer
incorporation or organization) File No.) Identification No.)
121 SW Morrison Street, Suite 1000, Portland, OR 97204
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(Address of principal executive offices) (Zip Code)
(503) 227-4000
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(Registrant's telephone number, including area code)
No Change
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(Former name or former address, if changed since last report)
Page 1 of 4
Item 4. Changes in Registrant's Certifying Accountant
(a) Previous Independent Accountant
(i) On December 29, 1997, Regent Assisted Living, Inc. ("Regent")
dismissed its previous certifying accountant, Coopers & Lybrand L.L.P.
("C&L"), and retained its new certifying accountant, KPMG Peat Marwick
LLP.
(ii) The reports of C&L on the financial statements of Regent for the
past two fiscal years preceding the date hereof contained no adverse
opinion or disclaimer of opinion and were not modified as to
uncertainty, audit scope or accounting principles.
(iii) The decision to change accountants was approved by the Audit
Committee of Regent's Board of Directors.
(iv) During the two most recent fiscal years and the subsequent
interim periods to the date hereof, there have been no disagreements
with C&L 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 C&L would have
caused it to make reference thereto in connection with its report on
the financial statements for such years.
(v) Regent requested that C&L furnish it with a letter addressed to
the Securities and Exchange Commission stating whether or not it
agrees with the statements above and, if not, stating the respects in
which it does not agree. A copy of such letter is attached hereto as
Exhibit 16 and is incorporated herein by reference.
(b) New Independent Accountant
Regent engaged KPMG Peat Marwick LLP as its new certifying
accountant as of December 29, 1997. During the two most recent fiscal
years and through the date hereof, Regent has not consulted with KPMG
Peat Marwick LLP regarding any matters specified in Items 304(a)(2)(i)
or (ii) of Regulation S-B under the Securities Exchange Act of 1934.
Page 2 of 4
Item 7. Financial Statements and Exhibits
(c) Exhibits
16. Letter from Coopers & Lybrand L.L.P. re change in certifying
accountant.
Page 3 of 4
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.
Dated: December 29, 1997
REGENT ASSISTED LIVING, INC.
By STEVEN L. GISH
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Steven L. Gish
Chief Financial Officer and Treasurer
(Principal Financial and Accounting Officer)
Page 4 of 4
EXHIBIT INDEX
Sequential
Exhibit No. Description Page No.
16 Letter from Coopers & Lybrand L.L.P. re change in
certifying accountant.