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): May 23, 2002

G&K Services, Inc.
(Exact name of registrant as specified in its charter)

Minnesota
(State or other jurisdiction of
incorporation) 0-4063
(Commission File Number) 41-0449530
(IRS Employer
Identification No.)

5995 Opus Parkway, Suite 500
Minnetonka, Minnesota
(Address of principal executive offices) 55343
(Zip Code)

Registrant’s telephone number, including area code: (952) 912-5500

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

1

TABLE OF CONTENTS

Letter from Arthur Andersen to the SEC

Press Release

Item 4. Changes to Registrant’s Certifying Accountant.

     On May 23, 2002, the Board of Directors of G&K Services, Inc. (the “Company”) and its Audit Committee decided to no longer engage Arthur Andersen LLP (“Arthur Andersen”) as the Company’s independent auditors and engaged Ernst & Young LLP (“E&Y”) to serve as the Company’s independent auditors for the fiscal year ending June 29, 2002.

     Arthur Andersen’s reports on the Company’s consolidated financial statements for each of the fiscal years ended July 1, 2000 and June 30, 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. During the fiscal years ended July 1, 2000 and June 30, 2001 and through the date of this Form 8-K, there were no disagreements with Arthur Andersen on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure which, 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 are no reportable events as described under Item 304 (a) (2) (i) and (ii) of Regulation S-K.

     The Company provided Arthur Andersen with a copy of the foregoing disclosures. A letter from Arthur Andersen to the Securities and Exchange Commission dated May 30, 2002, stating its agreement with these statements is attached as Exhibit 16.1.

     During the fiscal years ended July 1, 2000 and June 30, 2001 and through the date of this Form 8-K, the Company did not consult 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 consolidated financial statements, or any other matters or reportable events described under Item 304 (a) (2) (i) and (ii) of Regulation S-K.

     A proposal will be presented at the Company’s 2002 Annual Meeting of Stockholders asking the stockholders to ratify the appointment of E&Y as the Company’s independent auditor.

Item 7. Financial Statements and Exhibits.

(c)	Exhibits.
16.1	Letter from Arthur Andersen LLP to the Securities and Exchange Commission dated May 30, 2002.
99.1	G&K Services, Inc. press release dated May 31, 2002.

SIGNATURE

     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.

		G&K SERVICES, INC. (Registrant)
Date: May 31, 2002	By:	/s/ Jeffrey L. Wright Jeffrey L. Wright Chief Financial Officer and Secretary

2

EXHIBIT INDEX

Exhibit No.	Description
16.1	Letter from Arthur Andersen LLP to the Securities and Exchange Commission dated May 30, 2002.
99.1	G&K Services, Inc. press release dated May 31, 2002.

3 EX-16.1 3 c69945exv16w1.htm LETTER FROM ARTHUR ANDERSEN TO THE SEC

EXHIBIT 16.1

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

May 30, 2002

Dear Sir/Madam,

We have read the second and third paragraphs of Item 4 included in the Form 8-K dated May 31, 2002 of G&K Services, Inc. to be filed with the Securities and Exchange Commission and are in agreement with the statements contained therein.

Very truly yours,

/s/ Arthur Andersen LLP
Arthur Andersen LLP

cc: Jeffrey L. Wright, Chief Financial Officer and Secretary, G&K Services, Inc.

4 EX-99.1 4 c69945exv99w1.htm PRESS RELEASE

EXHIBIT 99.1

News Release

For Further Information:

At the Company:
Jeffrey L. Wright, Chief Financial Officer
Glenn L. Stolt, Treasurer
(952) 912-5500

FOR IMMEDIATE RELEASE
FRIDAY, MAY 31, 2002

G&K SERVICES APPOINTS ERNST & YOUNG LLP
AS NEW INDEPENDENT AUDITOR

MINNEAPOLIS, MN, May 31, 2002 – G&K Services, Inc. (NASDAQ: GKSRA), one of North America’s market leaders in corporate identity apparel programs and facility services, today announced its board of directors has appointed Ernst & Young LLP as the company’s independent auditor for the year ending June 29, 2002.

The appointment of Ernst &Young LLP was made after careful consideration by the board of directors, its audit committee and the management of the company and concludes an extensive evaluation process. Ernst & Young LLP replaces Arthur Andersen LLP as the company’s independent auditors. The decision to change auditors was not the result of any disagreement between the company and Arthur Andersen on any matter of accounting principles or practice, financial statement disclosure, or auditing scope or procedure. Arthur Andersen has provided excellent service with a high degree of professionalism, and G&K has valued its relationship with Arthur Andersen over the past 26 years.

About G&K Services, Inc.
Headquartered in Minneapolis, Minnesota, G&K Services, Inc. is a market leader in corporate identity apparel programs and facility services in the United States, and is the largest such provider in Canada. G&K operates over 130 processing facilities and branch offices, serving more than 140,000 customers.

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EX-16.1

Letter from Arthur Andersen to the SEC

EX-99.1

Press Release