SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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) July 20, 2000
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G-III APPAREL GROUP, LTD.
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(Exact Name of Registrant as Specified in its Charter)
Delaware 0-18183 41-1590959
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
512 Seventh Avenue, New York, NY 10018
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (212) 403-0500
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Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
On July 20, 2000, the Registrant dismissed Grant Thornton LLP as its
principal accountant and engaged Ernst & Young LLP. The decision to change
accountants was approved by the Audit Committee of the Registrant.
Neither of the reports of Grant Thornton LLP on the financial
statements for the Company's fiscal years ended January 31, 1999 and January 31,
2000 contained an adverse opinion or disclaimer of opinion, nor was either
qualified or modified as to uncertainty, audit scope, or accounting principles.
During the fiscal years ended January 31, 1999 and January 31, 2000, the three
months ended April 30, 2000, and through July 20, 2000, there were no
disagreements with Grant Thornton LLP on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or procedure, which
disagreements, if not resolved to the satisfaction of Grant Thornton LLP, would
have caused it to make reference to the subject matter of the disagreements in
connection with its report.
During the fiscal years ended January 31, 1999 and January 31, 2000,
the three months ended April 30, 2000, and through July 20, 2000, the Registrant
has not consulted Ernst & Young LLP regarding any matter requiring disclosure
under Item 304(a)(2) of Regulation S-K.
The Registrant has provided Grant Thornton LLP with a copy of this
disclosure and has requested that Grant Thornton LLP furnish it with a letter
addressed to the SEC stating whether it agrees with the above statements. A copy
of Grant Thornton LLP's letter to the SEC dated July 27, 2000 is filed as
Exhibit No. 23 to this report on Form 8-K.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
23 Letter from Grant Thornton LLP
All other Items of this report are inapplicable.
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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.
G-III APPAREL GROUP, LTD.
Date: July 27, 2000 By: /s/ Morris Goldfarb
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Name: Morris Goldfarb
Title: Chief Executive Officer
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EXHIBIT INDEX
23 Letter from Grant Thornton LLP
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