1
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): January 29, 2001
JPS INDUSTRIES, INC.
(Exact Name of Registrant as Specified in its Charter)
Delaware 33-27038 57-0868166
(State or Other (Commission File Number) (I.R.S. Employer
Jurisdiction of Incorporation) Identification No.)
555 N. Pleasantburg Drive, Suite 202, Greenville, South Carolina 29607
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: (864) 239-3900
- --------------------------------------------------------------------------------
(Former Name or Former Address, if Changed Since Last Report)
2
Item 4. CHANGE IN REGISTRANT'S CERTIFIED ACCOUNTANT
Effective January 29, 2001, JPS Industries, Inc. (the
"Company") dismissed Deloitte & Touche, LLP ("D&T") and
engaged Arthur Andersen, LLP ("Arthur Andersen") as its
independent accountants. The change in independent accountants
was approved by the Company's board of directors and the audit
committee of the Company's board of directors.
Prior to January 29, 2001, the Company did not consult with
Arthur Andersen regarding any of the following:
- the Company's accounting or financial
reporting matters;
- the application of the Company's accounting
principles to any specified transaction or
other activity; or
- the type of audit opinion that might be
rendered on the Company's financial
statements.
The reports of D&T on the Company's financial statements as of
and for the years ended October 28, 2000 and October 30, 1999
did not contain any adverse opinion or disclaimer of opinion,
nor were they qualified or modified as to uncertainty, audit
scope, or accounting principles. During the aforementioned
periods, there were no disagreements with D&T on any matter of
accounting principles or practices, financial statement
disclosure, or auditing scope or procedures which, if not
resolved to the satisfaction of D&T, would have caused D&T to
make reference to the subject matter of such disagreements in
connection with its report.
Item 7. FINANCIAL STATEMENTS, PROFORMA FINANCIAL INFORMATION AND
EXHIBITS.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits
1. Letter from D&T regarding change in
independent accountants.
3
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 thereunto duly authorized.
JPS INDUSTRIES, INC.
/s/ Charles R. Tutterow
----------------------------------
By: Charles R. Tutterow
Executive Vice President,
Chief Financial Officer
and Secretary
Date: February 5, 2001