-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PV1skESfGVPh06bJNtFIVyqmGmzC5Nnfaa+o0Ln7XrxGj9UygovM3yyzN5oby8wu MUf5g0J/dCm95qiicXpE+w== 0000912057-02-019308.txt : 20020509 0000912057-02-019308.hdr.sgml : 20020509 ACCESSION NUMBER: 0000912057-02-019308 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020507 ITEM INFORMATION: Changes in registrant's certifying accountant ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020509 FILER: COMPANY DATA: COMPANY CONFORMED NAME: USA EDUCATION INC CENTRAL INDEX KEY: 0001032033 STANDARD INDUSTRIAL CLASSIFICATION: PERSONAL CREDIT INSTITUTIONS [6141] IRS NUMBER: 522013874 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13251 FILM NUMBER: 02639872 BUSINESS ADDRESS: STREET 1: 11600 SALLIE MAE DR CITY: RESTON STATE: VA ZIP: 20193 BUSINESS PHONE: 7038103000 MAIL ADDRESS: STREET 1: 11600 SALLIE MAE DR CITY: RESTON STATE: VA ZIP: 20193 FORMER COMPANY: FORMER CONFORMED NAME: SLM HOLDING CORP DATE OF NAME CHANGE: 19970203 8-K 1 a2079302z8-k.htm 8-K
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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) May 7, 2002

USA EDUCATION, INC.

(Exact name of registrant as specified in its charter)

 

 

 

 

 
DELAWARE
(State or other jurisdiction of incorporation)
  File No. 001-13251
(Commission File Number)
  52-2013874
(IRS Employer Identification Number)

 

 

 
11600 Sallie Mae Drive, Reston, Virginia   20193

(Address of principal executive offices)   (zip code)

 

 

 
Registrant's telephone number, including area code: (703) 810-3000

 

 

 
Not Applicable

(former name or former address, if changed since last report)



Item 4. Changes in Registrant's Certifying Accountant.

        On May 7, 2002, the Executive Committee of the Board of Directors of USA Education, Inc. (the "Company") decided to dismiss Arthur Andersen LLP ("Arthur Andersen") as the Company's independent public accountants and engaged PricewaterhouseCoopers LLC ("PwC") as the Company's independent public accountants for the fiscal year 2002 effective on or about May 16, 2002. The appointment of PwC is not subject to shareholder ratification at the Company's Annual Meeting of shareholders to be held on May 16, 2002.

        Arthur Andersen's reports on the Company's consolidated financial statements for each of the years ended 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. Arthur Andersen's interim review of the quarter ended March 31, 2002 is not yet complete, but is expected to be complete on or about May 16, 2002.

        During the years ended December 31, 2001 and 2000 and through the date hereof, there were no disagreements with Arthur Andersen on any matter of accounting principle or practice, financial statement disclosure or auditing scope or procedure that, if not resolved to Arthur Andersen's satisfaction, would have caused them to make reference to the subject matter in connection with their report on the Company's consolidated financial statements for such years; and there were no reportable events as defined in Item 304(a)(1)(v) of Regulation S-K.

        The Company provided Arthur Andersen with a copy of the foregoing disclosures. Attached as Exhibit 16 is a copy of Arthur Andersen's letter, dated May 7, 2002, stating its agreement with such statements.

        During the years ended December 31, 2001 and 2000 and through the date hereof, the Company did not consult with PwC 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 the Company's consolidated financial statements, or any other matters or reportable events as set forth in Items 304(a)(2)(i) and (ii) of Regulation S-K.

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits

(c)
Exhibits:

16
Letter from Arthur Andersen LLP to the Securities and Exchange Commission dated May 7, 2002.

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SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

    USA EDUCATION, INC.

 

 

By:

 

/s/  
JOHN F. REMONDI      
Name: John F. Remondi
Title: Executive Vice President & Chief Financial Officer

Dated: May 9, 2002

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USA EDUCATION, INC.

Form 8-K

CURRENT REPORT

EXHIBIT INDEX

Exhibit No.

  Description
   
16   Letter from Arthur Andersen LLP to the Securities and Exchange Commission dated May 7, 2002.    

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SIGNATURES
USA EDUCATION, INC. Form 8-K CURRENT REPORT EXHIBIT INDEX
EX-16 3 a2079302zex-16.htm EXHIBIT 16
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EXHIBIT 16

May 7, 2002

Office of the Chief Accountant
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549

Dear Sir/Madam:

We have read Item 4 included in the Form 8-K dated May 7, 2002 of USA Education, Inc. to be filed May 9, 2002 with the Securities and Exchange Commission and are in agreement with the statements contained therein.

Very truly yours,

/s/ Arthur Andersen LLP

cc: Mr. John F. Remondi, CFO, USA Education, Inc.

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EXHIBIT 16
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