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 6, 2002
(Date of Report - Date of earliest event reported)
LUFKIN INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
TEXAS 0-2612 75-0404410
(State or other jurisdiction Commission (I.R.S. Employer
of incorporation or organization) File Number Identification No.)
601 SOUTH RAGUET, LUFKIN, TEXAS 75904
(Address of principal executive offices) (Zip Code)
(936) 634-2211
(Registrant's telephone number, including area code)
Item 4. Changes in Registrant's Certifying Accountant
On May 6, 2002, Lufkin Industries, Inc. (the "Company") decided to no
longer engage Arthur Andersen LLP ("Andersen") as the Company's independent
public accountants and engaged Deloitte & Touche LLP ("Deloitte") to serve
as the Company's independent public accountants for the year ending
December 31, 2002, in accordance with the recommendation of the Board of
Directors and its Audit Committee. The determination to change independent
public accountants followed the Company's decision to seek proposals from
independent public accountants to audit the Company's financial statements
for year ending December 31, 2002.
Andersen's reports on the Company's financial statements for the two fiscal
years ended December 31, 2000, and December 31, 2001, did not contain an
adverse opinion or disclaimer of opinion and were not qualified or modified
as to uncertainty, audit scope or accounting principles.
During the Company's two fiscal years ended December 31, 2000, and
December 31, 2001, and the subsequent interim period preceding the decision
to change independent public accountants, there were no disagreements with
Andersen on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure which, if not resolved
to Andersen's satisfaction would have caused them to make reference to the
subject matter of the disagreement in connection with the audit reports of
the Company's consolidated financial statements for such years. There were
no reportable events described
under Item 304 (a) (1) (v) of Regulation S-K during the two most recent
fiscal years and the subsequent interim period through May 6, 2002.
The Company provided Andersen with a copy of the foregoing disclosures. A
letter from Andersen dated May 7, 2002, stating its agreement with these
statements is attached as Exhibit 16.1.
In the years ended December 31, 2000 and 2001, and through the date hereof,
the Company did not consult Deloitte with respect to the application of
accounting principles to a specified transaction, either completed or
proposed, or the type of audit opinion that might be rendered on the
Company's financial statements, or any other matters or reportable events
as set forth in Items 304 (a) (2) (i) and (ii) of Regulation S-K.
Item 7. Financial Statements and Exhibits
(a) Not Applicable
(b) Not Applicable
(c) Exhibits
16.1 Letter from Arthur Andersen LLP to the Securities and Exchange
Commission dated May 7, 2002
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.
LUFKIN INDUSTRIES, INC.
By /s/ R. D. Leslie
------------------------
Vice President/Treasurer/
Chief Financial Officer
Principal Financial and Accounting Officer
Date: May 7, 2002
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