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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 22, 1999
ORBITAL IMAGING CORPORATION
(Exact Name of Registrant as Specified in its Charter)
DELAWARE 333-49583 54-1660268
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(State or other Jurisdiction of Incorporation) (Commission File No.) (IRS Employer Identification Number)
21700 ATLANTIC BOULEVARD
DULLES, VIRGINIA 20166 (703) 406-5000
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(Address of Principal Executive Offices) (Registrant's Telephone number,
Including Area Code)
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANTS
On April 22, 1999, KPMG LLP ("KPMG") resigned as the auditors for Orbital
Imaging Corporation ("ORBIMAGE").
KPMG's reports on ORBIMAGE's financial statements for the fiscal years ended
December 31, 1997 and 1998 did not contain any adverse opinion or a disclaimer
of opinion and were not qualified or modified as to uncertainty, audit scope or
accounting principles. During the fiscal years ended December 31, 1997 and 1998
and the interim period ended April 22, 1999, there were no disagreements with
KPMG 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 KPMG, would have caused KPMG to make reference to the
subject matter of the disagreements in connection with KPMG's reports. During
1998 and 1999, ORBIMAGE and KPMG discussed prospective accounting treatment for
recognizing revenue on certain customer purchase contracts and ORBIMAGE
ultimately adopted an accounting treatment consistent with KPMG's position.
ORBIMAGE has authorized KPMG to respond fully to the inquiries of its successor
accountant concerning the subject matter of preceding sentence.
There were no reportable events (as defined in SEC Regulation S-K, Item
304(a)(1)(v)) during the fiscal years ended December 31, 1997 and 1998 and the
interim period ended April 22, 1999.
ORBIMAGE has requested KPMG to issue a letter addressed to the SEC stating
whether it agrees with the above statements. The Company will file such letter
as an amendment to this Current Report on Form 8-K.
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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.
ORBITAL IMAGING CORPORATION
DATED: April 29, 1999 By: /s/ Gilbert D. Rye
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Gilbert D. Rye, President
and Chief Operating Officer
DATED: April 29, 1999 By: /s/ Armand D. Mancini
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Armand D. Mancini, Vice President
and Principal Financial Officer