-----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, N6vEfxNrWXSRVkWRXIoS9y0k9omgAZi5c9iWKSGJdZ6gv8J7a33Fy1TT3GOs73VR va/FRaq0opumEz8e8Ke0ow== 0000950124-02-003602.txt : 20021118 0000950124-02-003602.hdr.sgml : 20021118 20021118152515 ACCESSION NUMBER: 0000950124-02-003602 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20021111 ITEM INFORMATION: Changes in registrant's certifying accountant ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20021118 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SYNTEL INC CENTRAL INDEX KEY: 0001040426 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371] IRS NUMBER: 382312018 STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22903 FILM NUMBER: 02831336 BUSINESS ADDRESS: STREET 1: 2800 LIVERNOIS RD STREET 2: SUITE 400 CITY: TROY STATE: MI ZIP: 48043 BUSINESS PHONE: 2486192800 MAIL ADDRESS: STREET 1: 2800 LIVERNOID RD STREET 2: SUITE 400 CITY: TROY STATE: MI ZIP: 48043 8-K 1 k73189e8vk.txt FORM 8-K 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) November 11, 2002 ------------------------- SYNTEL, INC. - -------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in Its Charter) Michigan - -------------------------------------------------------------------------------- (State or Other Jurisdiction of Incorporation) 0-22903 38-2312018 - -------------------------------------------------------------------------------- (Commission File Number) (IRS Employer Identification No.) 525 E. Big Beaver Road, Suite 300, Troy, Michigan 48083 - -------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) (248) 619-2800 - -------------------------------------------------------------------------------- (Registrant's Telephone Number, Including Area Code) - -------------------------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) 1 ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT. On November 11, 2002, the Audit Committee of Syntel, Inc. (the "Company") voted to engage the independent accounting firm of Ernst & Young LLP (E&Y) as the Company's independent accountants for the remainder of the 2002 fiscal year and for fiscal year 2003, and dismissed PricewaterhouseCoopers LLP ("PwC"). The reports of PwC on the Company's financial statements for the 2001 and 2000 fiscal years did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope, or accounting principles. During the 2001 and 2000 fiscal years and the subsequent period through November 11, 2002, there were no disagreements between the Company and PwC on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of PwC, would have caused it to make reference to the subject matter of the disagreements in connection with its reports on the financial statements for such years. In addition, during the 2001 and 2000 fiscal years and the period through November 11, 2002, there were no "reportable events" within the meaning of Item 304(a)(1)(v) of the Securities and Exchange Commission's Regulation S-K. The Company provided PwC with a copy of the foregoing disclosures and a letter from PwC indicating whether it agrees with these disclosures is attached to this report as Exhibit 16. During the fiscal years ended December 31, 2001 and December 31, 2000, and during the subsequent interim period through November 11, 2002, the Company did not consult with E&Y 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 financial statements, or any other matters or reportable events as set forth in Items 304(a)(2)(i) and (ii) of the Securities and Exchange Commission's Regulation S-K, except for accounting principles relating to the Company's wholly-owned subsidiary, Syntel (India) Ltd., for which an E&Y affiliate was previously and continues to be engaged as the independent accountants. Item 7. Exhibits. Exhibit 16 Letter from PricewaterhouseCoopers LLP to the Securities and Exchange Commission 2 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 thereunto duly authorized. Syntel, Inc. --------------------------------------- (Registrant) Date November 18, 2002 By /s/ Keshav Murugesh ------------------------ ------------------------------------ Keshav Murugesh, Chief Financial Officer (Principal financial and accounting officer) 3 10-Q EXHIBIT INDEX EXHIBIT NO. DESCRIPTION EX-16 Letter from PricewaterhouseCoopers LLP to the Securities and Exchange Commission. EX-16 3 k73189exv16.txt LETTER FROM PRICEWATERHOUSECOOPERS LLP EXHIBIT 16 November 18, 2002 Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549 Commissioners: We have read the statements made by Syntel, Inc. (copy attached), which we understand will be filed with the Commission, pursuant to Item 4 of Form 8-K, as part of the Company's Form 8-K report dated November 11, 2002. We agree with the statements concerning our Firm in such Form 8-K. Very truly yours, /s/ PricewaterhouseCoopers LLP PricewaterhouseCoopers LLP -----END PRIVACY-ENHANCED MESSAGE-----