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)
October 19, 2001
INTERPLAY ENTERTAINMENT CORP.
(Exact name of registrant as specified in its charter)
Delaware 0-24363 33-0102707
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
16815 Von Karman Avenue, Irvine, CA 92606
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (949) 553-6655
ITEM 4. - CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
On October 19, 2001, Interplay Entertainment Corp. (the "Company") and its
independent public accountant, Arthur Andersen LLP ("Andersen") reached a mutual
understanding that, as of November 15, 2001, Andersen will no longer be engaged
as the Company's independent public accountants.
Andersen has served as the principal accountant for both the Company and
its controlling stockholder, Titus Interactive SA ("Titus") to audit the
companies' respective financial statements. On October 19, 2001, Andersen
notified Titus of its decision to decline to submit a bid to renew its
engagement as Titus' independent public accountants. On October 19, 2001, the
Company decided that, in the interests of efficiency, the Company would engage
Titus' new independent public accountants as the Company's new independent
public accountants, thereby necessitating the discontinuation of Andersen's
engagement, as of November 15, 2001. As of the date of this Report, the decision
to change accountants has not been approved by the Company's board of directors
or audit committee.
Titus has yet to engage new independent public accountants, and the Company
and Titus are in the process of identifying and interviewing candidates, with a
focus on "Big 5" firms.
The Company has had no disagreements with Andersen on any matter of
accounting principles or practices, financial statement disclosure or auditing
scope or procedure during the two most recent fiscal years or the subsequent
interim periods which, if not resolved to the satisfaction of Andersen, would
have caused Andersen to make reference to the matter in their report.
Andersen's reports on the Company's financial statements have not contained
any adverse opinion or disclaimer of opinion, nor were they qualified or
modified as to uncertainty, audit scope or accounting principles, except that
Andersen's opinion given with respect to the Company's consolidated financial
statements included in its Annual Report on Form 10-K for the year ended
December 31, 2000, as amended on August 31, 2001, contained a qualification as
to the Company's ability to continue as a going concern.
The Company has requested that Andersen furnish to the Company a letter
addressed to the Commission stating whether it agrees with the above statements.
A copy of that letter, dated October 26, 2001, is filed as Exhibit 99.1 to this
Report.
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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.
INTERPLAY ENTERTAINMENT CORP.
October 26, 2001 /S/ NATHAN PECK
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Nathan Peck
Chief Administrative Officer
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EXHIBIT INDEX
EXHIBIT NUMBER DESCRIPTION
99.1 Letter from Arthur Andersen LLP
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