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 EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): APRIL 8, 2002
POLYONE CORPORATION
(Exact Name of Registrant as Specified in its Charter)
OHIO 1-16091 34-1730488
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
SUITE 36-5000, 200 PUBLIC SQUARE
CLEVELAND, OHIO 44114-2304
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (216) 589-4000
Not Applicable
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(Former name or former address, if changed since last report.)
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
Effective April 8, 2002, the Partnership Governance Committee of Oxy
Vinyls, L.P. ("OxyVinyls"), of which PolyOne Corporation owns a 24% interest,
adopted a resolution to no longer engage Arthur Andersen LLP ("Arthur Andersen")
as its independent public accountants and to engage KPMG LLP ("KPMG") to serve
as its independent public accountants for the fiscal year 2002.
Arthur Andersen's audit reports on OxyVinyls' financial statements for
each of the fiscal years ended December 31, 2001 and 2000 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 OxyVinyls' two fiscal years ended December 31, 2001 and 2000 and
the subsequent interim period preceding the decision to change independent
public accountants, there were no disagreements with Arthur Andersen on any
matter of accounting principles or practices, financial statement disclosure, or
auditing scope or procedure which, if not resolved to Arthur Andersen's
satisfaction would have caused them to make reference to the subject matter of
the disagreement in connection with the audit reports on OxyVinyls' financial
statements for such years, and there were no reportable events as defined in
Item 304(a)(1)(v) of Regulation S-K.
OxyVinyls provided Arthur Andersen with a copy of the foregoing
disclosures. Attached as Exhibit 16.1 is a copy of Arthur Andersen's letter,
dated April 8, 2002, stating its agreement with such statements.
In the years ended December 31, 2001 and 2000 and through the date
hereof, OxyVinyls did not consult with KMPG with respect to the application of
accounting principles to a specified transaction, either completed or proposed,
or the type of audit opinion that might be rendered on OxyVinyls' financial
statements, or any other matters on reportable events as set forth in Items
304(a)(2)(i) and (ii) of Regulation S-K.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) EXHIBITS.
EXHIBIT
NUMBER DESCRIPTION
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16.1 LETTER FROM ARTHUR ANDERSEN LLP TO THE SECURITIES AND
EXCHANGE COMMISSION DATED APRIL 8, 2002.
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.
POLYONE CORPORATION
By: /s/ Gregory P. Smith
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Name: Gregory P. Smith
Title: Controller
Date: April 11, 2002
EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION
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16.1 LETTER FROM ARTHUR ANDERSEN LLP TO THE SECURITIES AND
EXCHANGE COMMISSION DATED APRIL 8, 2002.