UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): October 31, 2001
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SigmaTron International, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 0-23248 36-3918470
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(State or other (Commission (I.R.S. Employer
jurisdiction of incorporation) File number) Identification No.)
2201 Landmeier Road, Elk Grove Village, Illinois 60007
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (847) 956-8000
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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.
On October 31, 2001, Registrant's Board of Directors elected to appoint
Grant Thornton LLP to replace Ernst & Young LLP ("E&Y") as its independent
auditors, subject to ratification by its shareholders at Registrant's annual
meeting on December 7, 2001.
The report of E&Y on Registrant's Form 10-K for the year ended April 30,
2001 contained an explanatory paragraph raising substantial doubt about
Registrant's ability to continue as a going concern. Aside from this explanatory
paragraph, the report of E&Y on Registrant's consolidated financial statements
for the years ended April 30, 2001 and 2000 contained no adverse opinion or
disclaimer of opinion and was not qualified or modified as to uncertainty, audit
scope or accounting principle.
In connection with the audits for the years ended April 30, 2001 and 2000,
and through October 31, 2001, Registrant had no disagreements with E&Y on any
matters of accounting principles or practices, financial statement disclosure,
or auditing scope and procedures, which, if not resolved to the satisfaction of
E&Y, would have caused E&Y to make reference to such matters in their report.
Registrant has requested E&Y to furnish it with a letter addressed to the
Securities and Exchange Commission stating whether it agrees with the above
statements. A copy of that letter, dated November 6, 2001 is filed as Exhibit 16
to this Current Report on Form 8-K.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
16 Letter from E&Y to SEC dated November 6, 2001 pursuant to the
requirements of Item 304(a)(3) of Regulation S-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.
Dated: November 6, 2001
SIGMATRON INTERNATIONAL, INC.
By: /s/ Gary R. Fairhead
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Gary R. Fairhead, President and Chief
Executive Officer (Principal Executive
Officer)
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INDEX
Exhibit
Number Description of Document
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16 Letter from Ernst & Young LLP to Securities Exchange Commission
dated November 6, 2001 pursuant to the requirements of Item 304(a)(3)
of Regulation S-K.
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