-----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, NFcYtY66LTH5Oos0ObFU3oqRpnLF0wJtw/T9Ked4pClFICfSOQdshDKn+HfmTOuI eko7EwKl0RpgCBY+87R9Uw== 0000950172-97-000659.txt : 19970717 0000950172-97-000659.hdr.sgml : 19970717 ACCESSION NUMBER: 0000950172-97-000659 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970715 ITEM INFORMATION: Changes in registrant's certifying accountant ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970716 SROS: NYSE SROS: PSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: HEXCEL CORP /DE/ CENTRAL INDEX KEY: 0000717605 STANDARD INDUSTRIAL CLASSIFICATION: METAL FORGING & STAMPINGS [3460] IRS NUMBER: 941109521 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08472 FILM NUMBER: 97641161 BUSINESS ADDRESS: STREET 1: 281 TRESSER BOULEVARD STREET 2: C/O TWO STAMFORD PLZ CITY: STAMFORD STATE: CT ZIP: 06901 BUSINESS PHONE: 5108479500 MAIL ADDRESS: STREET 1: 5794 W LAS POSITAS BLVD CITY: PLEASANTON STATE: CA ZIP: 945888781 8-K 1 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 July 15, 1997 (July 10, 1997) ------------------------------------------------ Date of report (Date of earliest event reported) Hexcel Corporation ------------------------------------------------------ (Exact Name of Registrant as Specified in Charter) Delaware 1-8472 94-1109521 - -------------- --------------------- ------------------ (State of (Commission File No.) (IRS Employer Incorporation) Identification No.) Two Stamford Plaza 281 Tresser Boulevard Stamford, Connecticut 06901-3238 ------------------------------------------------------------ (Address of Principal Executive Offices and Zip Code) (203) 969-0666 ---------------------------------------------------- (Registrant's telephone number, including area code) N/A ------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) Item 4. Changes in Registrant's Certifying Accountant (a) Previous independent accountants (i) On July 10, 1997, Hexcel Corporation dismissed Deloitte & Touche L.L.P. as its independent accountants. (ii) The reports of Deloitte & Touche L.L.P. on the financial statements for the past two fiscal years contained no adverse opinion or disclaim- er of opinion and were not qualified or modi- fied as to uncertainty, audit scope or account- ing principle. The December 31, 1995 report includes an explanatory paragraph regarding the confirmation of plan of reorganization and the acquisition of the Ciba Composite business. (iii) The Registrant's Audit Committee and Board of Directors participated in and approved the decision to change independent accountants. (iv) In connection with its audits for the two most recent fiscal years and through July 10, 1997, there have been no disagreements with Deloitte & Touche L.L.P. on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements if not resolved to the sat- isfaction of Deloitte & Touche L.L.P. would have caused them to make reference thereto in their report on the financial statements for such years. (v) During the two most recent fiscal years and through July 10, 1997, there have been no reportable events (as defined in Regulation S-K Item 304(a)(1)(v)). (vi) The Registrant has requested that Deloitte & Touche L.L.P. furnish it with a letter addressed to the SEC stating whether or not it agrees with the above statements. A copy of such letter, dated July 15, 1997, is filed as Exhibit 16 to this Form 8-K. (b) New independent accountants (i) The Registrant engaged Price Waterhouse L.L.P. as its new independent accountants as of July 10, 1997. During the two most recent fiscal years and through July 10, 1997, the Registrant has not consulted with Price Waterhouse L.L.P. regarding either (i) 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 Registrant's financial statements, and no written report or oral advice was provided to the Registrant by Price Waterhouse L.L.P. demonstrating Price Waterhouse L.L.P.'s conclusions with respect to any such issue that was an important factor considered by the Registrant in reaching a decision as to the accounting, auditing or financial reporting issue; or (ii) any matter that was either the subject of a disagreement, as that term is defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions to Item 304 of Regulation S-K, or a reportable event, as that term is defined in Item 304(a)(1)(v) of Regulation S-K. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (c) Exhibits 16 Letter from Deloitte & Touche L.L.P. to the Securities and Exchange Commission Regarding Change in Certifying Ac- countant. 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 hereunto duly authorized. Dated: July 15, 1997 HEXCEL CORPORATION By: /s/ Wayne C. Pensky Name: Wayne C. Pensky Title: Corporate Controller; Chief Accounting Officer EXHIBIT INDEX Exhibit No. Description 16 Letter from Deloitte & Touche L.L.P. to the Securities and Exchange Commission Regarding Change in Certifying Ac- countant EX-16 2 EXHIBIT 16 - LETTER Exhibit 16 LETTERHEAD OF DELOITTE & TOUCHE L.L.P. July 15, 1997 Securities and Exchange Commission Mail Stop 9-5 450 5th Street, N.W. Washington, D.C. 20549 Dear Sirs/Madams: We have read and agree with comments in Item 4(a) of Form 8-K of Hexcel Corporation, dated July 15, 1997. However, we have no basis to comment upon the statement in Item 4(a)(iii) of Item 4 nor the statements in Item 4(b). Yours truly, /s/ Deloitte & Touche L.L.P. -----END PRIVACY-ENHANCED MESSAGE-----