-----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, TWbRynEN5NxRwPkbgf24nnHrdnQU7s4gOrRTE/QNkNkSL1fxPjzhZ6g4TmuT+PKj L7Pd4H2yz5vFkLAbJnjS4g== 0000907242-02-000019.txt : 20020528 0000907242-02-000019.hdr.sgml : 20020527 20020528152016 ACCESSION NUMBER: 0000907242-02-000019 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020524 ITEM INFORMATION: Changes in registrant's certifying accountant FILED AS OF DATE: 20020528 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MONARCH CASINO & RESORT INC CENTRAL INDEX KEY: 0000907242 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990] IRS NUMBER: 880300760 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22088 FILM NUMBER: 02663471 BUSINESS ADDRESS: STREET 1: 1175 W MOANA LANE STREET 2: STE 200 CITY: RENO STATE: NV ZIP: 89509 BUSINESS PHONE: 7758253355 MAIL ADDRESS: STREET 1: 1175 W MOANA LANE STREET 2: STE 200 CITY: RENO STATE: NV ZIP: 89509 8-K 1 dt8ke.txt UNITED STATES 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): May 24, 2002 MONARCH CASINO & RESORT, INC. (Exact name of registrant as specified in its charter) NEVADA 0-22088 88-0300760 (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) 1175 W. Moana Lane, Suite 200 Reno, NEVADA 89509 (Address of Principal Executive Offices) (Zip Code) (775)825-3355 ---------------------------------------------------- (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 (a) Dismissal of previous independent accountants (i) On May 24, 2002, Monarch Casino & Resort, Inc., or Monarch, dismissed Arthur Andersen LLP, or Andersen, as its independent public accountants. Monarch's Audit Committee and Board of Directors participated in and approved the decision to dismiss Andersen. (ii) The reports of Andersen on the financial statements of Monarch for the past two fiscal years contained no adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principle. (iii) During the two most recent fiscal years and through May 24, 2002, there have been no disagreements between Monarch and Andersen on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of Andersen, would have caused Andersen to make reference to the subject matter thereof in its report on Monarch's financial statements for such periods. (iv) During the two most recent fiscal years and through May 24, 2002, there have been no reportable events (as defined in Item 304(a)(1)(v) of Regulation S-K). (v) At the request of Monarch, Andersen furnished a letter addressed to the SEC stating that it agrees with the above statements. A copy of such letter, dated May 24, 2002, is filed as Exhibit 16 to this Form 8-K. (b) Engagement of new independent accountants. (i) Monarch engaged Deloitte & Touche LLP as its new independent accountants as of May 24, 2002. During the two most recent fiscal years and through May 24, 2002, Monarch has not consulted with Deloitte & Touche LLP regarding the matters described in, and required to be disclosed pursuant to, Item 304(a)(2)(i) or Item 304(a)(2)(ii) of Regulation S-K. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits 16 (1) Arthur Andersen LLP Letter Dated May 24, 2002 -2- SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MONARCH CASINO & RESORT, INC. Date: May 24, 2002 By: /s/ Ben Farahi ------------------------------- Name: Ben Farahi Title: Chief Financial Officer, Treasurer and Secretary -3- EX-16 3 ex16e.txt Exhibit 16 May 24, 2002 Office of the Chief Accountant Securities and Exchange Commission 450 Fifth Street, NW Washington, DC 20549 Dear Sir / Madam: We have read paragraphs (a)(i) through (a)(v) of Item 4 included in the Form 8- K dated May 24, 2002, of Monarch Casino & Resort, Inc. to be filed with the Securities and Exchange Commission and are in agreement with the statements contained therein. Sincerely, ARTHUR ANDERSEN LLP /s/ Thomas M. Roche -4- -----END PRIVACY-ENHANCED MESSAGE-----