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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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 24, 2002
AMERICAN ACHIEVEMENT CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
DELAWARE
(State or Other Jurisdiction of Incorporation)
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333-84294 13-4126506
(Commission File Number) (I.R.S Employer Identification No.)
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7211 CIRCLE S DRIVE, AUSTIN, TX 78745
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
Registrant's telephone number, including area code (512) 444-0571
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
On May 24, 2002, American Achievement Corporation ("the Company") dismissed
Arthur Andersen LLP ("Arthur Andersen" or "AA") as the Company's independent
public accountants. The dismissal of AA was recommended by the Audit Committee
of the Company's Board of Directors and approved by the Company's Board of
Directors. On May 24, 2002 the Company engaged Deloitte & Touche LLP ("D&T") to
serve as the Company's independent public accountants for the quarter ended
May 25, 2002, and the fiscal year ended August 31, 2002.
Arthur Andersen's reports on the Company's consolidated financial statements
for each of the fiscal years ended August 25, 2001 and August 26, 2000 did not
contain an adverse opinion or disclaimer of opinion, nor were they qualified or
modified as to uncertainty, audit scope or accounting principles.
During the fiscal years ended August 25, 2001 and August 26, 2000, and
through May 24, 2002, there were no disagreements with Arthur Andersen on any
matters of accounting principles or practices, financial statement disclosures,
or auditing scope or procedures which, if not resolved to AA's satisfaction,
would have caused them to make reference to the subject matter of the
disagreements in connection with their report on the Company's consolidated
financial statements for such years; and there were no reportable events as
defined in Item 304(a) (1) (v) of Regulation S-K of the Securities Exchange Act
of 1934.
The Company provided Arthur Andersen with a copy of the foregoing
disclosures and has requested that AA furnish it with a letter addressed to the
Securities and Exchange Commission stating whether or not AA agrees with the
above statements. Attached as Exhibit 16 is a copy of such letter, dated
May 24, 2002.
During the fiscal years ended August 25, 2001 and August 26, 2000, and
through May 24, 2002, the Company did not consult with D&T regarding 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 consolidated financial statements, or any other matters or
reportable events as set forth in Items 304(a) (1) (v) of Regulation S-K.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
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Exhibit 16 Letter from Arthur Andersen LLP to the Securities and
Exchange Commission dated May 24, 2002
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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, on May 29, 2002.
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AMERICAN ACHIEVEMENT CORPORATION
By: /s/ SHERICE P. BENCH
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Sherice P. Bench
CHIEF FINANCIAL OFFICER
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EXHIBIT INDEX
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EXHIBIT
NUMBER DESCRIPTION
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16 Letter from Arthur Andersen LLP to the Securities and
Exchange Commission dated May 24, 2002
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