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) July 2, 2002
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AMERICAN SKIING COMPANY
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(Exact name of registrant specified in its charter)
Delaware 1-13507 04-3373730
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(State or other jurisdiction of (Commission (IRS employer identification
incorporation or organization) File Number) no.)
136 Heber Avenue, #303
Park City, Utah 84060
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(Address of principal executive offices) (Zip code)
(435) 615-0340
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(Registrant's telephone number, including area code)
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
On July 2, 2002, American Skiing Company (the "Registrant") dismissed its
independent auditor, Arthur Andersen LLP ("Arthur Andersen"), and appointed KPMG
LLP as its new independent auditor, effective immediately. These actions were
approved by the Registrant's Board of Directors upon the recommendation of its
Audit Committee.
During the two most recent fiscal years ended July 30, 2000 and July 29, 2001,
and the subsequent interim period through the date of this report, there was no
disagreement between the Registrant and Arthur Andersen on any matter of
accounting principles or practices, financial statement disclosure, or auditing
scope or procedure, which disagreement, if not resolved to Arthur Andersen's
satisfaction, would have caused Arthur Andersen to make reference to the subject
matter of such disagreement in its reports, and there occurred no reportable
event as defined in Item 304(a)(1)(v) of Regulation S-K.
The audit reports of Arthur Andersen on the consolidated financial statements of
the Registrant for the fiscal years ended July 30, 2000 and July 29, 2001 did
not contain an adverse opinion or disclaimer of opinion, nor were they qualified
or modified as to uncertainty, audit scope or accounting principles.
The Registrant has provided Arthur Andersen with a copy of the foregoing
statements. Attached as Exhibit 16.1 is a copy of Arthur Andersen's letter,
indicating its concurrence with the disclosures in this, the first, the second
and the third paragraphs of this report.
During the two most recent fiscal years ended July 30, 2000 and July 29, 2001,
and the subsequent interim period through the date of this report, the
Registrant did not consult with KPMG LLP regarding any of the matters or events
set forth in Item 304(a)(2)(i) and (ii) of Regulation S-K.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements of Businesses Acquired. None
(b) Pro Forma Financial Information. None
(c) Exhibits
EXHIBIT NO DESCRIPTION
16.1 Letter from Arthur Andersen LLP, dated July 2, 2002.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company
has duly caused this report to be signed on its behalf by the undersigned,
hereunto duly authorized.
AMERICAN SKIING COMPANY
/s/Mark J. Miller
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Chief Financial Officer
Dated: July 2, 2002