SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
------------
FORM 8-K/A
AMENDMENT NO. 1 TO
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): February 12, 2003
-------------------------------
CROSSROADS SYSTEMS, INC.
- --------------------------------------------------------------------------------
(Exact Name of Registrant as Specified in Its Charter)
000-30362
- --------------------------------------------------------------------------------
(Commission File Number)
Delaware 74-2846643
- --------------------------------------------------------------------------------
(State of Other Jurisdiction of Incorporation) (IRS Employer
Identification No.)
8300 North MoPac Expressway, Austin, Texas 78759
- --------------------------------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
(512) 349-0300
- --------------------------------------------------------------------------------
(Registrant's Telephone Number, Including Area Code)
N/A
- --------------------------------------------------------------------------------
(Former Name or Former Address, if Changed Since Last Report)
Explanatory Note: This Current Report on Form 8-K/A amends the Current
Report on Form 8-K, dated February 12, 2003, of Crossroads Systems, Inc. to
reflect the fact that, as anticipated, PricewaterhouseCoopers LLP completed its
review of our financial statements for the fiscal quarter ended January 31, 2003
in conjunction with our March 17, 2003 filing of our Quarterly Report on Form
10-Q for the fiscal quarter ended January 31, 2003. Accordingly, the change in
auditors became effective on March 17, 2003.
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
On February 12, 2003 our Audit Committee appointed KPMG LLP to serve as
our independent public accountants and dismissed our former independent public
accountants, PricewaterhouseCoopers LLP. The change in auditors became effective
on March 17, 2003 following the completion by PricewaterhouseCoopers of its
review of our financial statements for the fiscal quarter ended January 31,
2003. KPMG will audit our financial statements for the fiscal year ending
October 31, 2003.
PricewaterhouseCoopers' audit reports on our consolidated financial
statements for the past two fiscal 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 our two most recent fiscal years and through the date of this
Current Report on Form 8-K/A, there were no disagreements with
PricewaterhouseCoopers on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure which, if not
resolved to PricewaterhouseCoopers' satisfaction, would have caused them to make
reference to the subject matter in connection with their reports on our
consolidated financial statements and supporting schedules for such years; and
there were no reportable events, as listed in Item 304(a)(1)(v) of Regulation
S-K.
We provided PricewaterhouseCoopers with a copy of the foregoing
disclosures. Attached as Exhibit 16.1 is a copy of PricewaterhouseCoopers letter
stating their agreement with such statements.
During our two most recent fiscal years and through the date of this
Current Report on Form 8-K/A, we did not consult KPMG LLP or any other
accounting firm with respect to the application of accounting principles to a
specified transaction, either completed or proposed, or the type of the audit
opinion that might be rendered on our consolidated financial statements, or any
other matters or reportable events listed in Items 304 (a)(2)(i) and (ii) of
Regulation S-K.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibit 16.1. Letter from PricewaterhouseCoopers LLP to the
Securities and Exchange Commission dated March 24,
2003.
2
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CROSSROADS SYSTEMS, INC.
Dated: March 24, 2003 By: /s/ Brian R. Smith
---------------------------------------
Brian R. Smith
Chairman of the Board, President and
Chief Executive Officer
EXHIBIT INDEX
<Table>
<Caption>
Exhibit No. Description
- ----------- -----------
16.1 Letter from PricewaterhouseCoopers LLP to Securities and Exchange
Commission dated March 24, 2003
</Table>