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 July 25, 1996
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United Artists Theatre Circuit, Inc.
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(Exact name of registrant as specified in its charter)
33-49598
Maryland 333-1024 13-1424080
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(State of other (Commission File Number) (IRS Employer
jurisdiction Identification
of incorporation) No.)
9110 E. Nichols Avenue, Suite 200: Englewood, CO 80112
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (303) 792-3600
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No change
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(Former name or former address, if changed since last report.)
Item 4. Changes in Registrant's Certifying Accountant
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On July 24, 1996, the Audit Committee of Oscar I Corporation and United Artists
Theatre Circuit, Inc. ("Oscar I and UATC," respectively) recommended to the
Board of Directors that it was in Oscar I's and UATC's best interest to rotate
independent public accountants on a periodic basis, and as part of this policy,
that Arthur Andersen LLP be appointed as OSCAR I's and UATC's independent public
accountants to replace KPMG Peat Marwick LLP. On this same date, the Board of
Directors voted in favor of the Audit Committee's recommendation.
The audit reports of KPMG Peat Marwick LLP on OSCAR I and subsidiaries and UATC
and subsidiaries consolidated financial statements as of and for the years ended
December 31, 1995 and 1994 did not contain an adverse opinion or a disclaimer of
opinion, nor were they qualified or modified as to uncertainty, audit scope or
accounting principles, except as follows: KPMG Peat Marwick LLP's audit reports
on the consolidated financial statements of OSCAR I and subsidiaries and UATC
and subsidiaries as of and for the years ended December 31, 1995 and 1994
contained a separate paragraph stating that OSCAR I and UATC adopted the
provisions of Statement of Financial Accounting Standards No. 121, "Accounting
for the Impairment of Long-Lived Assets and for Long-Lived Assets to be Disposed
of" in 1995.
During the years ended December 31, 1995 and 1994, there were no disagreements
with KPMG Peat Marwick LLP on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedures, which
disagreements if not resolved to their satisfaction would have caused them to
make reference in connection with their opinions to the subject matter of the
disagreement.
Item 7. Exhibits
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Exhibit Description
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16 Letter from KPMG Peat Marwick LLP
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 thereunto duly authorized.
UNITED ARTISTS THEATRE CIRCUIT, INC.
(Registrant)
/S/ Kurt C. Hall
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BY: Kurt C. Hall
Executive Vice President
and Chief Financial Officer
Date: July 25, 1996
July 25, 1996
Securities and Exchange Commission
Washington, D.C. 20549
Ladies and Gentlemen:
We were previously principal accountants for OSCAR I Corporation and United
Artists Theatre Circuit, Inc. and, under date of March 27, 1996, we reported on
the consolidated financial statements of OSCAR I Corporation and subsidiaries
and United Artists Theatre Circuit, Inc. and subsidiaries as of and for the
years ended December 31, 1995 and 1994. On July 25, 1996, our appointment as
principal accountants was terminated. We have read OSCAR I Corporation's and
United Artists Theatre Circuit, Inc.'s statements included under Item 4 of their
Form 8-K dated July 25, 1996, and we agree with such statements, except that we
are not in a position to agree or disagree with OSCAR I Corporation's and United
Artists Theatre Circuit, Inc.'s stated reason for changing principal
accountants, we are not in a position to agree or disagree with OSCAR I
Corporation's and United Artists Theatre Circuit, Inc.'s statement that the
change was recommended by the audit committee of the board of directors or
approved by the board of directors, and we are not in a position to agree or
disagree with OSCAR I Corporation's and United Artists Theatre Circuit, Inc.'s
statement that Arthur Andersen LLP was appointed as independent public
accountants for OSCAR I Corporation and United Artists Theatre Circuit, Inc.
Very truly yours,
KPMG Peat Marwick LLP