SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K/A
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 9, 2002
CYGNE DESIGNS, INC.
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(Exact name of issuer as specified in its charter)
Delaware 0-22102 04-1843286
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(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
1410 Broadway
New York, New York 10018
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (212) 997-7767
None.
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(Former address, if changed since last report.)
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
On May 9, 2002, Ernst & Young LLP ("E&Y") notified Cygne Designs, Inc. (the
"Company") that E&Y resigned as the Company's independent public accountants,
effective immediately.
During the Company's two most recent fiscal years ended February 3, 2001
and February 2, 2002, and through the date of this Form 8-K/A, there were no
disagreements between the Company and E&Y on any matter of accounting principles
or practices, financial statement disclosure, or auditing scope or procedure,
which disagreements, if not resolved to E&Y's satisfaction, would have caused
E&Y to make reference to the subject matter of the disagreement in connection
with its reports. None of the reportable events described under Item
304(a)(1)(v) of Regulation S-K occurred within the Company's two most recent
fiscal years ended February 3, 2001 and February 2, 2002 or through the date of
this Form 8-K/A.
The audit reports of E&Y on the consolidated financial statements of the
Company as of and for the fiscal years ended February 3, 2001 and February 2,
2002 did not contain any adverse opinion or disclaimer of opinion, nor were they
qualified or modified as to uncertainty, audit scope or accounting principles.
The Company provided E&Y with a copy of this Form 8-K/A. Attached as
Exhibit 16.1 to this Form 8-K/A is a copy of E&Y's letter, dated May 15, 2002,
stating its agreement with the statements concerning E&Y.
The Audit Committee of the Board of Directors of the Company is currently
in the process of engaging a new independent public accounting firm for the
Company.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) Financial Statements of Business Acquired.
None.
(b) Pro Forma Financial Information.
None.
(c) Exhibits.
16.1 Letter, dated May 15, 2002, from Ernst & Young LLP to the
Securities and Exchange Commission.
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.
CYGNE DESIGNS, INC.
(Registrant)
By: /s/ Roy E. Green
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Roy E. Green
Senior Vice President-Chief
Financial Officer
Dated: May 15, 2002