-----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, QgyUpWZ85shClyNFeRcQHp2nbJOdPdCgchIb2h6LEK8T2IGDZ1KlHJIdppg1986y P16O6gMqF5/xL/fxmZSAaA== 0001012870-98-002739.txt : 19981102 0001012870-98-002739.hdr.sgml : 19981102 ACCESSION NUMBER: 0001012870-98-002739 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19981023 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19981030 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: COREL CORP CENTRAL INDEX KEY: 0000890640 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 101151819 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-20562 FILM NUMBER: 98734127 BUSINESS ADDRESS: STREET 1: 1600 CARLING AVE CITY: OTTAWA ONTARIO CANAD STATE: A6 BUSINESS PHONE: 6137288200 MAIL ADDRESS: STREET 1: 1600 CARLING AVENUE CITY: OTTAWA STATE: A6 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 Date of Report (Date of earliest event reported): October 23, 1998 COREL CORPORATION -------------------------------------------------------------- (Exact name of Registrant as specified in its charter) Canada --------------------------------- (State or other jurisdiction of incorporation) 0-20562 Not Applicable -------------- ------------------ (Commission (IRS Employer File Number) Identification No.) 1600 Carling Avenue, Ottawa, Ontario, Canada K1Z8R7 ---------------------------------------------------------------------- (Address of principal executive offices) (Zip code) (613) 728-8200 ------------------------------------------------------- (Registrant's telephone number, including area code) Not Applicable ------------------------------------------------------------- (Former name or former address, if changed since last report) ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT On September 24, 1998, the Board of Directors (the "Board") of Corel Corporation (the "Company"), pursuant to the recommendation of the Audit Committee, approved a resolution authorizing management (i) to request the resignation of KPMG Chartered Accountants ("KPMG") as the Company's independent auditor and certifying accountant, (ii) to accept the resignation of KPMG effective upon delivery thereof, and (iii) concurrent with the effective date of KPMG's resignation, to engage PricewaterhouseCoopers ("PWC") as the Company's independent auditor and certifying accountant upon such terms as may be negotiated by management. On October 23, 1998, the Company's management accepted the resignation of KPMG. On October 23, 1998, the Company appointed PWC as the Company's independent auditor and certifying accountant. KPMG's reports with respect to the Company's financial statements for the fiscal years ended November 30, 1996 and 1997 did not contain an adverse opinion or a disclaimer of opinion and were not qualified as to uncertainty, audit scope or accounting principles. In connection with the audits of the Company's financial statements for each of the two fiscal years ended November 30, 1996 and 1997 and in the interim periods subsequent to November 30, 1997 preceding the date of KPMG's resignation, there were no "disagreements", as that term is defined in Item 304 of Regulation S-K, with KPMG on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure which, if not resolved to the satisfaction of KPMG would have caused KPMG to make reference to the matter in their report. The Company has authorized KPMG to respond fully to the inquiries of PWC as the successor independent auditor and certifying accountant. A letter from KPMG dated October 29, 1998 addressed to the Commission is filed as an Exhibit to this Report. A letter from PWC dated October 29, 1998 addressed to the Commission is also filed as an Exhibit to this Report. -2- ITEM 7: FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. (c) Exhibits. --------- 16.1 Letter from KPMG re change in auditor and certifying accountant 16.2 Letter from PWC re change in auditor and certifying accountant -3- SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Date: October 29, 1998 Corel Corporation By: /s/ Michael O'Reilly ------------------------------- Michael O'Reilly, Vice President and Chief Financial Officer -4- EX-16.1 2 LETTER OF KPMG EXHIBIT 16.1 [KPMG CHARTERED ACCOUNTANTS LETTERHEAD] October 29, 1998 Securities and Exchange Commission 450 5th Street, N.W. Washington, D.C. 20549 Re: Corel Corporation File No.: 0-20562 Dear Sir/Madam: We have read Item 4 of the Form 8-K of Corel Corporation dated October 23, 1998 and agree with the statements contained therein, except for the information contained in the first paragraph and the second sentence of the second and final paragraphs, about which we have no knowledge. Very truly yours, KPMG LLP Chartered Accountants EX-16.2 3 LETTER OF PRICEWATERHOUSECOOPERS EXHIBIT 16.2 [PricewaterhouseCoopers letterhead] Securities and Exchange Commission 450 5/th/ Street, N.W. Washington, D.C. 20549 October 29, 1998 Subject: Corel Corporation File No.: 0-20562 Dear Sir/Madam: We have read Item 4, Changes in Registrants' Certifying Accountant, of the Form 8-K of Corel Corporation dated October 23, 1998 and agree with the statements contained in the Report to the extent of our knowledge of the matters therein described. Yours very truly, PricewaterhouseCoopers LLP Chartered Accountants -----END PRIVACY-ENHANCED MESSAGE-----