-----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, Ce+c++3nM9GzbxX/cJsEhlZtLhWVECLtcU2UPCJa7Sc/7fMOtkSTVOhiLOS+TgtK Hn/qFlc0cpk75EB8UOt0qA== 0000932214-02-000080.txt : 20020719 0000932214-02-000080.hdr.sgml : 20020719 20020717161709 ACCESSION NUMBER: 0000932214-02-000080 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020711 ITEM INFORMATION: Changes in registrant's certifying accountant ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020717 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HERLEY INDUSTRIES INC /NEW CENTRAL INDEX KEY: 0000047035 STANDARD INDUSTRIAL CLASSIFICATION: SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS [3812] IRS NUMBER: 232413500 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-05411 FILM NUMBER: 02704857 BUSINESS ADDRESS: STREET 1: 10 INDUSTRY DR CITY: LANCASTER STATE: PA ZIP: 17603 BUSINESS PHONE: 7173972777 MAIL ADDRESS: STREET 1: 10 INDUSTRY DRIVE CITY: LANCASTER STATE: PA ZIP: 17603 FORMER COMPANY: FORMER CONFORMED NAME: HERLEY INDUSTRIES INC DATE OF NAME CHANGE: 19831103 FORMER COMPANY: FORMER CONFORMED NAME: HERLEY MICROWAVE SYSTEMS INC DATE OF NAME CHANGE: 19900510 8-K 1 hrly8kjuly2002-live.txt 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: July 11, 2002 (Date of earliest event reported) HERLEY INDUSTRIES, INC. (Exact name of registrant as specified in its charter) Delaware 0-5411 23-2413500 (State or other (Commission (IRS Employer jurisdiction of File Number) Identification incorporation) Number) 3061 Industry Drive, Lancaster, Pennsylvania 17603-4025 (Address of principal executive offices) (Zip Code) Registrant's telephone number including area code: (717) 397-2777 ---------------------------------------------------- (Former name or former address, if changed since last report.) Item 4. Changes in Registrant's Certifying Accountant (a) At a meeting held on July 11, 2002, the Board of Directors of the Company, at the recommendation of its Audit Committee, approved the engagement of Deloitte & Touche LLP as its independent auditors for the fiscal year ending July 28, 2002 to replace the firm of Arthur Andersen LLP, who were dismissed as auditors of the Company effective May 21, 2002. At a meeting held on May 21, 2002, the Company's Board of Directors, at the recommendation of the Audit Committee, had approved the engagement of Ernst & Young LLP as successor auditors to Arthur Andersen, LLP. Shortly thereafter, however, it was determined that Ernst & Young LLP had been retained in pending litigation against the Company to perform forensic accounting work on behalf of a party in that litigation adverse to the Company, and to testify, if necessary, as to the agreed upon procedures that Ernst & Young LLP had performed. The Company and Ernst & Young LLP were unable to resolve certain issues with respect to Ernst & Young's continued participation as a consulting and testifying expert in the pending litigation. Accordingly, the Company elected to engage Deloitte & Touche LLP as its independent auditors to succeed Arthur Andersen, LLP. There were no reports of Ernst & Young LLP with respect to the Company, including for either of the past two years, since they have never performed any auditing services for the Company. Through the date of this report, there were no disagreements or reportable events with Ernst & Young LLP on any matters of accounting principles or practices, financial statement disclosure, or auditing scope and procedures which, if not resolved to the satisfaction of Ernst & Young LLP would have caused Ernst & Young LLP to make reference to the matter in their report, had they issued a report. (b) The Company has not had any discussions nor received any written opinion or oral advice from Deloitte & Touche LLP during the two most recent fiscal years and any subsequent interim period with respect to either the application of accounting principles to a specified transaction, either completed or proposed, or as to the type of audit opinion that might be rendered on the registrant's financial statements. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits (c) Exhibits (16) Letter from Ernst & Young LLP required by Item 304(a)(3) of Regulation S-K. Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has caused this report to be signed on its behalf by the undersigned thereunto duly authorized. HERLEY INDUSTRIES, INC. /s/ Myron Levy By:_______________________________ Myron Levy Chief Executive Officer Dated: July 17, 2002 EX-16 3 hrly8k2002-ex16.txt Ernst & Young LLP Phone: (717) 651-7300 Central Pennsylvania Practice Fax: (717) 651-7444 Commerce Court, Suite 200 www.ey.com 2601 Market Place Harrisburg, Pennsylvania 17110-9359 EXHIBIT 16 TO FORM 8-K July 17, 2002 Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549 Gentlemen: We have read Item 4(a) of Form 8-K dated July 17, 2002, of Herley Industries, Inc. and are in agreement with the statements contained in the second paragraph (except for the last sentence of the second paragraph), the third paragraph and the fourth paragraph on page 2 therein. We have no basis to agree or disagree with other statements of the registrant contained therein. Very truly yours, /s/ Ernst & Young LLP Ernst & Young LLP is a member of Ernst & Young International, Ltd. -----END PRIVACY-ENHANCED MESSAGE-----