SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): June 19, 2003
COST-U-LESS, INC.
(Exact name of registrant as specified in its charter)
WASHINGTON 000-24543 91-1615590
(State or other jurisdiction of (Commission File Number) (I.R.S. Employer)
incorporation or organization) Identification No.)
BUILDING 3, SUITE A
8160 - 304th AVENUE SE
PRESTON, WASHINGTON 98050
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (425) 222-5022
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Item 4. Changes in Registrant's Certifying Accountant.
(a) (i) On June 19, 2003, Cost-U-Less, Inc. (the "Company") formally
dismissed Deloitte & Touche LLP ("D&T") as its independent accountants.
(ii) The reports of D&T on the Company's financial statements for the
fiscal years ended December 29, 2002 and December 30, 2001, did not contain an
adverse opinion or a disclaimer of opinion, nor were they qualified or modified
as to uncertainty, audit scope or accounting principles.
(iii) The decision to change independent accountants was recommended
and approved by the Company's Audit Committee of its Board of Directors on June
19, 2003.
(iv) During the Company's fiscal years ended December 29, 2002 and
December 30, 2001, and the subsequent interim period prior to June 19, 2003,
there have been no disagreements between the Company and D&T on any matter of
accounting principles or practices, financial statement disclosure, or auditing
scope or procedure.
(v) During the Company's fiscal years ended December 29, 2002 and
December 30, 2001, and through the date of this report, the Company has had no
reportable event (as defined in Item 304(a)(1)(v) of Regulation S-K).
(vi) The Company has provided D&T with a copy of the disclosures
contained herein and has requested that D&T furnish the Company with a letter
addressed to the Securities and Exchange Commission stating whether it agrees
with the statements made by the Company in response to this item and, if not,
stating the respects in which it does not agree. The Company has filed as an
exhibit hereto (Exhibit 16.1), the response of D&T to such disclosures.
(b) On June 19, 2003, the Company engaged Grant Thornton LLP ("GT") as its
new independent accountants for the fiscal year ending December 28, 2003. During
the Company's two most recent fiscal years and through the date of this report,
the Company has not consulted with GT regarding either the application of
accounting principles to a specified transaction, either completed or proposed;
or the type of audit opinion that might be rendered on the Company's financial
statements.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
16.1 Letter from Deloitte & Touche LLP regarding change in
certifying accountant.
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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.
Cost-U-Less, Inc.
June 23, 2003 By: /s/ J. Jeffrey Meder
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J. Jeffrey Meder, President
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EXHIBIT INDEX
Exhibit No. Description
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16.1 Letter from Deloitte & Touche LLP regarding change in
certifying accountant.
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