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):
May 19, 1998
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Coffee People, Inc.
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(Exact name of registrant as specified in its charter)
Oregon 0-21397 93-1073218
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(State or other (Commission File No.) (IRS Employer
jurisdiction of Identification No.)
incorporation)
11480 Commercial Parkway, Castroville, California 95012
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(408) 633-6300
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Item 4. Changes in Registrant's Certifying Accountant
At the Company's Annual Meeting held May 19, 1998, the shareholders
ratified the appointment, subject to the closing of the Merger, of Price
Waterhouse LLP as the Company's independent accountants for the 1998 fiscal
year. The Company's Board had determined that, because Gloria Jean's financial
statements would become the historical financial statements of the Company, it
was in the best interests of the Company that Price Waterhouse LLP, the
independent accountants for Gloria Jean's, act as independent accountants for
Coffee People after the Merger.
Accordingly, the Company has dismissed its former accountants, Arthur
Andersen LLP. The report of Arthur Andersen LLP for the years ended December 31,
1997 and 1996 contains no adverse opinion or disclaimed of opinion and was not
qualified or modified as to uncertainty, audit scope or application of
accounting principles. During the years ended December 31, 1997 and 1996, there
were no disagreements with Arthur Andersen LLP on any matter of 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 Arthur Andersen LLP to make reference thereto on their report
on the financial statements for such years.
Item 7. Financial Statements and Exhibits
(c) Exhibits
99.1 Letter dated May 26, 1998, from
Arthur Andersen to the SEC
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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.
COFFEE PEOPLE, INC.
(Registrant)
Date: May 26, 1998 By: /s/ Mark J. Archer
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Mark J. Archer
Executive Vice President
Chief Financial Officer
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EXHIBIT INDEX
Exhibit No. Name Page
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99.1 Letter dated May 26, 1998, from Arthur 5
Andersen LLP to the SEC
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