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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): October 4, 2001
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PAREXEL International Corporation
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(Exact Name of Registrant as Specified in Charter)
Massachusetts 0-27058 04-2776269
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(State or Other (Commission (IRS Employer
Jurisdiction of File Number) Identification No.)
incorporation)
195 West Street, Waltham, Massachusetts 02451
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (781) 487-9900
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Not Applicable
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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 ACCOUNTANT.
Upon the recommendation of the Registrant's Audit Committee, the Registrant's
Board of Directors determined to change the principal accountants for the
Registrant from PricewaterhouseCoopers LLP ("PricewaterhouseCoopers") to Arthur
Andersen LLP ("Arthur Andersen"), effective as of October 4, 2001 to serve as
independent auditors for the Registrant for the fiscal year ending June 30,
2002.
During the Registrant's two most recently completed fiscal years and the
subsequent interim period preceding the determination to change principal
accountants, 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 the satisfaction of
PricewaterhouseCoopers, would have caused it to make reference to the subject
matter of the disagreement in connection with its reports on the financial
statements for such years. PricewaterhouseCoopers' reports on the Registrant's
financial statements for the past two years did not contain an adverse opinion
or a disclaimer of opinion, nor were they qualified or modified as to
uncertainty, audit scope or accounting principles, except for a reference in its
report on the financial statements for the year ended June 30, 2000 to the
restatement of the financial statements described therein. During the
Registrant's two most recently completed fiscal years and the subsequent interim
period preceding the decision to change principal accountants, there were no
reportable events as defined in Regulation S-K Item 304(a)(1)(v).
The Registrant requested PricewaterhouseCoopers to furnish it with a letter
addressed to the Securities and Exchange Commission stating whether or not it
agrees with the above statements. A copy of that letter dated October 4, 2001 is
filed as Exhibit 16.1 to this Form 8-K.
The Registrant engaged Arthur Andersen as the Registrant's principal accountants
effective as of October 4, 2001. During the Registrant's two most recent fiscal
years and the subsequent interim period prior to engaging Arthur Andersen,
neither the Registrant nor anyone on its behalf consulted with Arthur Andersen
regarding either (i) 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 Registrant's financial statements, and neither a
written report nor oral advice was provided to the Registrant by Arthur Andersen
that was an important factor considered by the Registrant in reaching a decision
as to any accounting, auditing or financial reporting issue; or (ii) any matter
that was either the subject of a disagreement, as that term is defined in Item
304(a)(1)(iv) of Regulation S-K and the related instructions to Item 304 of
Regulation S-K, or a reportable event, as that term is defined in Item
304(a)(1)(v) of Regulation S-K.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
EXHIBIT NO. EXHIBIT
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16.1 Letter from Pricewaterhouse Coopers
LLP, dated October 4, 2001,
regarding change in certifying
accountant.
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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.
PAREXEL International Corporation
Dated: October 4, 2001 By: /s/ James F. Winschel, Jr.
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James F. Winschel, Jr.
Senior Vice President and Chief
Financial Officer
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EXHIBIT INDEX
Exhibit No. Description
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16.1 Letter from Pricewaterhouse Coopers
LLP, dated October 4, 2001,
regarding change in certifying
accountant.