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 (Date of earliest event reported) APRIL 10, 2002
--------------------------------
TEAMSTAFF, INC.
- --------------------------------------------------------------------------------
(Exact name of Registrant as specified in charter)
NEW JERSEY 0-18492 22-1899798
- --------------------------------------------------------------------------------
(State or other jurisdic- (Commission (IRS Employer
tion of incorporation) File Number) Identification No.)
300 ATRIUM DRIVE, SOMERSET, N.J. 08873
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (732) 748-1700
-----------------------------
- --------------------------------------------------------------------------------
(Former name or former address, if changed since last report.)
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
On April 10, 2002, the Board of Directors of TeamStaff, Inc. (the
"Company") and its Audit Committee decided to no longer engage Arthur Andersen
LLP ("Arthur Andersen" or "AA") as the Company's independent public accountants
and engaged PricewaterhouseCoopers LLP ("PwC") to serve as the Company's
independent public accountants for the fiscal year ending September 30, 2002.
The appointment of PwC is not subject to stockholder ratification at the
Company's 2002 Annual Meeting of Stockholders to be held in April, 2002.
Arthur Andersen's reports on the Company's consolidated financial
statements for each of the years ended September 30, 2001 and 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
years ended September 30, 2001 and 2000 and through the date hereof, there were
no disagreements with Arthur Andersen on any matter of accounting principle or
practice, financial statement disclosure, or auditing scope or procedure which,
if not resolved to AA's satisfaction, would have caused them to make reference
to the subject matter 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.
The Company has provided Arthur Andersen with a copy of the foregoing
disclosures. Attached as Exhibit 16 is a copy of AA's letter, dated April 10,
2002, stating its agreement with such statements.
During the years ended September 30, 2001 and 2000 and through the date
hereof, the Company did not consult PwC 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 the Company's
consolidated financial statements, or any other matters or reportable events as
set forth in Items 304(a)(2)(i) and (ii) of Regulation S-K.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
Exhibit 16 Letter from Arthur Andersen LLP to the Filed with Securities
and Exchange Commission this document dated April 10, 2002.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report on Form 8-K to be signed on its behalf by
the undersigned hereunto duly authorized.
Dated: April 10, 2002 TEAMSTAFF, INC.
(Registrant)
By: /s/ Donald Kappauf
---------------------------
Donald Kappauf
Chief Executive Officer