-----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, Labvh0VE5iDcNQJnFzVhf4zlYeACr90qEbRljcx+PFcN1CK5+eG3b21dRkAYF0Zq luNWufpIZzLTGk85QThzeQ== 0000890566-99-000281.txt : 19990305 0000890566-99-000281.hdr.sgml : 19990305 ACCESSION NUMBER: 0000890566-99-000281 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990301 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990304 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GEOKINETICS INC CENTRAL INDEX KEY: 0000314606 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 941690082 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-09268 FILM NUMBER: 99556909 BUSINESS ADDRESS: STREET 1: MARATHON OIL TOWER STREET 2: 5555 SAN FELIPE SUITE 780 CITY: HOUSTON STATE: TX ZIP: 77056 BUSINESS PHONE: 7138507600 MAIL ADDRESS: STREET 1: MARATHON OIL TOWER STREET 2: 5555 SAN FELIPE, ST 780 CITY: HOUSTON STATE: TX ZIP: 77056 8-K 1 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): March 1, 1999 GEOKINETICS INC. (Exact name of Registrant as specified in charter) DELAWARE 0-9268 94-1690082 (State or other jurisdiction of (Commission (IRS Employer incorporation) File Number) Identification No.) 5555 SAN FELIPE, SUITE 780, HOUSTON, TEXAS 77056 (Address of principal executive offices) (Zip Code) Registrant's telephone number including area code: (713)850-7600 ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT. On March 1, 1999, Registrant engaged the accounting firm of Fitts, Roberts & Co., P.C. of Houston, Texas as independent public accountants to audit Registrant's consolidated financial statements for the fiscal year ended December 31, 1998, and replace the San Antonio, Texas-based firm of Tsakopulos Brown Schott & Anchors ("TBSA"), which was the independent public accountant for the Registrant's most recent certified financial statements. During the two fiscal years ended December 31, 1997 and the subsequent interim period preceding the engagement of Fitts, Roberts & Co., P.C., there were no disagreements with TBSA 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 TBSA would have caused that firm to make reference in connection with its report to the subject matter of the disagreement or any reportable events. However, TBSA advised the Registrant that it would be unable to audit Registrant's financial statements for the fiscal year ended December 31, 1998 because TBSA believed that the Registrant's recent appointment of a shareholder of TBSA as a Vice President of the Registrant would create a lack of independence on the part of TBSA in conducting the Registrant's audit. In light of this position taken by TBSA, the Board of Directors of the Registrant has decided to replace TBSA and appoint Fitts, Roberts & Co., P.C. as Registrant's auditor for the consolidated financial statements of the Registrant for the fiscal year ended December 31, 1998. TBSA's report on the Registrant's consolidated financial statements for the past two years contained no adverse opinion or disclaimer of opinion and was not modified as to uncertainty, audit scope or accounting principles. The Registrant has requested that TBSA furnish it with a letter addressed to the Securities and Exchange Commission stating whether it agrees with the above statements. A copy of TBSA's letter to the Securities and Exchange Commission, dated March 1, 1999, is filed as Exhibit 16 to this Form 8-K. ITEM 7. EXHIBITS. (16) Letter dated March 1, 1999 by Tsakopulos Brown Schott & Anchors 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 herein to duly authorized. Dated: March 4, 1999 GEOKINETICS INC. By: /s/ THOMAS J. CONCANNON Name: Thomas J. Concannon Title: Vice President and Chief Financial Officer -3- EX-16 2 EXHIBIT 16 [LETTERHEAD OF TSAKOPULOS BROWN SCHOTT & ANCHORS] March 1, 1999 Securities and Exchange Commission Washington, D.C. 20549 Gentlemen: We were previously the independent public accountants for Geokinetics Inc. and on March 7, 1998, we reported on the consolidated financial statements of Geokinetics Inc. and its subsidiaries (GEOK) as of and for the two years ended December 31, 1997. On March 1, 1999, we were replaced as independent public accountants of GEOK. We have read GEOK's statements included in item 4 of its Form 8-K dated March 1, 1999 and we agree with such statements. /s/ TSAKOPULOS BROWN SCHOTT & ANCHORS TSAKOPULOS BROWN SCHOTT & ANCHORS -----END PRIVACY-ENHANCED MESSAGE-----