-----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, QqJJxles5VBvMNM+GYEGpdUO36AtLQSt2QMCb4njzWhnx8lB4WTAIC2fyJaRnIoM 2LNsBYBhh/sEEgJM2wN0Ew== 0000074046-02-000033.txt : 20021018 0000074046-02-000033.hdr.sgml : 20021018 20021018121022 ACCESSION NUMBER: 0000074046-02-000033 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20021018 ITEM INFORMATION: Changes in registrant's certifying accountant FILED AS OF DATE: 20021018 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OIL DRI CORPORATION OF AMERICA CENTRAL INDEX KEY: 0000074046 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS MANUFACTURING INDUSTRIES [3990] IRS NUMBER: 362048898 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12622 FILM NUMBER: 02792317 BUSINESS ADDRESS: STREET 1: 410 N MICHIGAN AVE STE 400 CITY: CHICAGO STATE: IL ZIP: 60611 BUSINESS PHONE: 3123211515 MAIL ADDRESS: STREET 1: 410 NORTH MICHIGAN AVENUE STREET 2: SUITE 400 CITY: CHICAGO STATE: IL ZIP: 60611 FORMER COMPANY: FORMER CONFORMED NAME: OIL DRI CORP OF AMERICA INC DATE OF NAME CHANGE: 19600201 8-K 1 k8.txt CHANGES IN REGISTRAN'TS CERTIFYING ACCOUNTANTS 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 OCTOBER 16, 2002 ---------------- Date of Report (date of earliest event reported) OIL-DRI CORPORATION OF AMERICA ------------------------------ Exact name of registrant as specified in its charter DELAWARE -------- (State or other jurisdiction of incorporation) 410 North Michigan Avenue CHICAGO, ILLINOIS 60611 - ------------------------- ----------------------------- (Address of principal (Zip Code) executive offices) 312-321-1515 ------------ (Registrant's telephone number) 2 ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT (a) On October 16, 2002 Blackman Kallick Bartelstein, LLP was advised that it would not be engaged to audit Oil-Dri Corporation of America's ("Oil-Dri") financial statements for its fiscal year ending July 31, 2003 and that PricewaterhouseCoopers LLC would be engaged as independent accountants to audit Oil-Dri's financial statements. The Independent Auditor's Report of Blackman Kallick Bartelstein, LLP ("Blackman Kallick") for each of its fiscal years ended July 31, 2001 and July 31, 2002 did not contain an adverse opinion or a disclaimer of opinion, and was not qualified or modified as to uncertainty, audit scope, or accounting principles. The decision to recommend to the Board that Oil-Dri's accountants be changed was made by Oil-Dri's Audit Committee based on its determination that PricewaterhouseCoopers, LLP would provide Oil-Dri with greater expertise, depth of resources, and experience in auditing public companies to meet today's, and future, heightened legislative and regulatory requirements. The recommendation was reported to the Board which discussed and affirmed it. During Oil-Dri's fiscal years ended July 31, 2001 and July 31, 2002, and the subsequent interim period preceding the termination of Blackman Kallick, there were no disagreements with Blackman Kallick (whether resolved to Blackman Kallick's satisfaction or not so resolved) on any matter of accounting principles or practices, financial statement disclosures, or auditing scope or procedure which, if not resolved to Blackman Kallick's satisfaction, would have caused it to make reference to the subject matter of the disagreement in its report. Blackman Kallick did not advise Oil-Dri during Oil-Dri's two most recent fiscal years or in the subsequent interim period through October 16, 2002: (A) that internal controls necessary for Oil-Dri to develop reliable financial statements did not exist; (B) that information had come to its attention that had led it to no longer be able to rely on management's representations, or that had made it unwilling to be associated with the financial statements prepared by management; (C) of the need to expand significantly the scope of its audit, or that information had come to its attention during the two most recent fiscal years or in the subsequent interim period through the date of termination, that if further investigated might (i) materially have impacted the fairness or reliability of either: a previously issued audit report or the underlying financial statements, or the financial statements issued or to be issued covering the fiscal period(s) subsequent to the date of the most recent financial statements covered by an audit report or (ii) have caused it to be unwilling to rely on management's representations or be associated with Oil-Dri's financial statements; or (D) that information had come to its attention that it had concluded materially impacts the fairness or reliability of either (i) a previously issued audit report or the underlying financial statements, or (ii) the financial statements issued or to be 3 issued covering the fiscal period(s) subsequent to the date of the most recent financial statements covered by an audit report. As required, Oil-Dri has provided Blackman Kallick with a copy of the foregoing disclosure and requested that it furnish Oil-Dri with a letter addressed to the Commission stating whether it agrees with the statement made by Oil-Dri and, if not, stating the respects in which it disagrees. That letter is filed with this report as an exhibit. (b) On October 16, 2002, PricewaterhouseCoopers LLP was engaged as the principal accountant to audit Oil-Dri's financial statements for its fiscal year ending July 31, 2003. Prior to that engagement Oil-Dri had not consulted with PricewaterhouseCoopers during Oil-Dri's two most recent fiscal years or in the period since the end of the most recent fiscal year through October 16, 2002, on any matter regarding the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on Oil-Dri's financial statements. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits 1. Letter, dated October 17, 2002, from Blackman Kallick to the Commission. 4 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, Oil-Dri has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Oil-Dri Corporation of America /S/ Daniel S. Jaffee ------------------------------------- Daniel S. Jaffee President and Chief Executive Officer October 18, 2002 ------------------------------------- Date 5 Exhibit Index 1. Letter, dated October 17, 2002, from Blackman Kallick to the Commission. 6 [Blackman Kallick Bartelstein LLP Logo] Exhibit 1 October 17, 2002 Securities and Exchange Commission Mail Stop 11-3 450 5th Street, N.W. Washington, D. C. 20549 Dear Sirs/Madams: We have read Item 4(a) of Oil-Dri Corporation of America's Form 8-K dated October 17, 2002, and have the following comments: 1. We agree with the statements made in paragraphs one, two and four through six. 2. We have no basis on which to agree or disagree with the statements made in paragraph three. Sincerely, /s/ Blackman Kallick Bartelstein LLP -----END PRIVACY-ENHANCED MESSAGE-----