SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
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FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): June 22, 2001
NTELOS Inc.
(Exact Name of Registrant as Specified in Charter)
Virginia 0-16751 4-1443350
(State of Incorporation) (Commission File Number) (IRS Employer Identification No.)
P. O. Box 1990
Waynesboro, Virginia 22980
(Address of principal executive offices)
(540) 946-3500
(Registrant's telephone number, including area code)
Item 4. Changes in Registrant's Certifying Accountant.
(a) Previous Independent Accountants
(i) On June 22, 2001, NTELOS Inc. ("NTELOS") dismissed McGladrey &
Pullen LLP ("McGladrey") as its independent accountants.
(ii) The reports issued by McGladrey on NTELOS' financial statements
for the fiscal years December 31, 1999 and 2000 did not contain an adverse
opinion or disclaimer of opinion, and were not qualified or modified as to
uncertainty, audit scope or accounting principles.
(iii) The decision to terminate McGladrey was recommended by the Audit
Committee of the Board of Directors and approved by the Board of Directors.
(iv) During the two most recent fiscal years and the interim period
subsequent to December 31, 2000, there were no disagreements with McGladrey on
any matter of accounting practices or principles, financial statement
disclosure, or auditing scope or procedure, which disagreements, if not resolved
to the satisfaction of McGladrey, would have caused them to make reference
thereto in their report on the financial statements for such periods.
(v) During the two most recent fiscal years and the interim period
subsequent to December 31, 2000, none of the events described in Regulation S-K
Item 304(a)(1)(v) occurred.
(vi) On June 25, 2001, NTELOS delivered a copy of the disclosures
which it proposed to make in Item 4 in this Form 8-K, and requested that
McGladrey furnish it with a letter addressed to the Securities and Exchange
Commission stating whether or not McGladrey agreed with such disclosures. A copy
of such letter dated June 25, 2001 indicating such agreement is filed as an
exhibit to this Form 8-K.
(b) New Independent Accountants
(i) On June 25, 2001, NTELOS engaged the firm Ernst & Young as
independent accountants for NTELOS' fiscal year ending December 31, 2001. The
Audit Committee of the Board of Directors recommended and the Board of Directors
approved the selection of Ernst & Young as independent accountants.
(ii) During the two most recent fiscal years and the interim period
subsequent to December 31, 2000, NTELOS has not consulted with Ernst & Young
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 NTELOS' financial statements.
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.
NTELOS Inc.
(Registrant)
By: /s/ Michael B. Moneymaker
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Michael B. Moneymaker
Senior Vice President and Chief Financial
Officer, Treasurer and Secretary
Date: June 27, 2001
EXHIBIT INDEX
Exhibit No. Description
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16.1 Letter of McGladrey & Pullen LLP dated June 25, 2001
regarding changes in certifying accountants