UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): June 6, 2002
Commission File Number: 0-21513
DXP ENTERPRISES, INC.
(Exact name of registrant as specified in its charter)
TEXAS 76-0509661
(State of jurisdiction (I.R.S. Employer
of incorporation) Identification No.)
7272 Pinemont
Houston, Texas 77040
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (713) 996-4700
ITEM 4. Changes in Registrant's Certifying Accountant.
On June 3, 2002, the Audit Committee of the Board of Directors of
DXP Enterprises, Inc. (the "Company") decided, with the approval of the
Company's Board of Directors, that effective June 6, 2002 the Company would no
longer engage Arthur Andersen LLP ("Arthur Andersen") as the Company's
independent public accountants and that as of June 6, 2002, Hein and Associates
LLP, certified public accountants, would be appointed as the Company's
independent public accountants for 2002.
The reports of Arthur Andersen on the Company's consolidated
financial statements for the past two years 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 Company's two most recent fiscal years and through
June 6, 2002, there were no disagreements with Arthur Anderson on any matter of
accounting principles or practices, financial statement disclosure, or auditing
scope or procedure which , if not resolved to Arthur Andersen's satisfaction,
would have caused it to make reference thereto in connection with its report on
the Company's consolidated financial statements for such years; and there were
no reportable events as such term is used in Item 304(a)(1)(v) of Regulation
S-K.
The Company provided Arthur Andersen with a copy of the foregoing
disclosures. Attached as Exhibit 16 is a copy of Arthur Andersen's letter, dated
June 6, 2002, stating its agreement with such statements.
During the Company's two most recent fiscal years and through
June 6, 2002, the Company did not consult Hein and Associates LLP 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 document
Dated June 6, 2002
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.
DXP ENTERPRISES, INC.
By: /s/ David R. Little
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David R. Little
Chief Executive Officer
Date: June 6, 2002
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EXHIBIT INDEX
Exhibit
Number Description
- ------ -----------
16 Letter from Arthur Andersen LLP to the Securities and Exchange
Commission Dated June 6, 2002
3