-----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, E211iJdLcoNM548qmWvAwbrm2RM3FLnkvVf3eTRP1KQl/NoazWyTl2/nCVk1qwTk wZY7l+hRVw+sPRtOh7ATZA== 0000950152-02-001417.txt : 20020414 0000950152-02-001417.hdr.sgml : 20020414 ACCESSION NUMBER: 0000950152-02-001417 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020228 ITEM INFORMATION: Changes in registrant's certifying accountant ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GENESIS WORLDWIDE INC CENTRAL INDEX KEY: 0000067532 STANDARD INDUSTRIAL CLASSIFICATION: METALWORKING MACHINERY & EQUIPMENT [3540] IRS NUMBER: 344307810 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-01997 FILM NUMBER: 02563003 BUSINESS ADDRESS: STREET 1: 2600 KETTERING TWR STREET 2: PO BOX 668 CITY: DAYTON STATE: OH ZIP: 45423 BUSINESS PHONE: 5134924111 MAIL ADDRESS: STREET 1: 615 N OAK ST STREET 2: PO BOX 668 CITY: SIDNEY STATE: OH ZIP: 45365 FORMER COMPANY: FORMER CONFORMED NAME: MONARCH MACHINE TOOL CO DATE OF NAME CHANGE: 19920703 8-K 1 l93101ae8-k.txt GENESIS WORLDWIDE INC. 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): FEBRUARY 28, 2002 GENESIS WORLDWIDE INC. (Exact name of registrant as specified in its charter) OHIO 1-1997 34-4307810 (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation) 156 E. SPRING VALLEY ROAD, DAYTON, OHIO 45458 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (937) 432-9280 2600 KETTERING TOWER, DAYTON, OHIO 45423 (Former name or former address, if changed since last report) ================================================================================ ITEM 4. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT. - ----------------------------------------------------- On September 17, 2001, Genesis Worldwide Inc. ("GENESIS") and ten of its subsidiaries filed voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code. On November 14, 2001, the United States Bankruptcy Court for the Southern District of Ohio approved the sale of substantially all of the domestic operating assets and businesses of Genesis and its subsidiaries to Genesis Worldwide II, Inc., an unrelated party, pursuant to Section 363 of Chapter 11 of the United States Bankruptcy Code (the "SECTION 363 SALE"). Genesis completed the Section 363 Sale on December 12, 2001. On February 28, 2002, Genesis dismissed PricewaterhouseCoopers LLP as its independent auditors, since its services were no longer required following completion of the Section 363 Sale. The reports of PricewaterhouseCoopers LLP on the consolidated financial statements of Genesis for the past two fiscal years (the years ended December 31, 2000 and 1999) contained no adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principle, except that their report on the 2000 consolidated financial statements included an explanatory paragraph concerning the existence of substantial doubt about Genesis' ability to continue as a going concern. In connection with its audits of Genesis for the two fiscal years of Genesis ended December 31, 2000 and 1999 and through February 28, 2002, there have been no disagreements with PricewaterhouseCoopers LLP on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedures, which disagreements if not resolved to the satisfaction of PricewaterhouseCoopers LLP would have caused them to make reference thereto in their report on the financial statements for such years. Following completion of the Section 363 Sale, all of the directors of Genesis except for one (who remained for the purpose of winding up Genesis' affairs) resigned their positions and, therefore, the dismissal of PricewaterhouseCoopers LLC was not recommended or approved by the Board of Directors or the Audit Committee. During the fiscal years of Genesis ended December 31, 2000 and 1999 and through February 28, 2002 there have been no "reportable events" (as defined in Item 304(a)(1)(iv) of Regulation S-K). Genesis requested PricewaterhouseCoopers LLP to furnish Genesis with a letter addressed to the SEC stating whether or not it agrees with the statements set forth above. A copy of the letter furnished by PricewaterhouseCoopers LLP in response to the request of Genesis is filed as Exhibit 16 to this Current Report on Form 8-K. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. - ------------------------------------------ See Exhibit Index following the signature page to this Current Report on Form 8-K. 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. GENESIS WORLDWIDE INC. February 28, 2002 By: /s/ KARL A. FRYDRYK Karl A. Frydryk Vice President and Chief Financial Officer EXHIBIT INDEX Exhibit No. Description ----------- ----------- (16) LETTER REGARDING CHANGE IN CERTIFYING ACCOUNTANTS 16.1 Letter of PricewaterhouseCoopers LLP dated February 28, 2002 EX-16.1 3 l93101aex16-1.txt EXHIBIT 16.1 [PRICEWATERHOUSECOOPERS LLP LOGO] - -------------------------------------------------------------------------------- PRICEWATERHOUSECOOPERS LLP Suite 3400 312 Walnut St. Cincinnati OH 45202-4046 Telephone (513) 723 4700 Facsimile (513) 768 4599 EXHIBIT 16.1 ------------ February 28, 2002 Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549 Commissioners: We have read the statements made by Genesis Worldwide 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 February 28, 2002. We agree with the statements concerning our Firm in such Form 8-K. Very truly yours, /s/ PricewaterhouseCoopers LLP -----END PRIVACY-ENHANCED MESSAGE-----