AMCON DISTRIBUTING CO - 8-K Summary
Business Context and Reporting Period
This Form 8-K Current Report was filed by AMCON DISTRIBUTING COMPANY on September 11, 2001, regarding events occurring on September 4, 2001. The company is incorporated in Delaware with principal executive offices in Omaha, Nebraska.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a corporate governance event rather than financial performance data.
Material Changes
The primary material change reported is the dismissal of PricewaterhouseCoopers LLP as the company's independent accountants and the appointment of Deloitte & Touche LLP for the fiscal year ending September 30, 2001. The Board of Directors approved this change upon the recommendation of the Audit Committee.
Management Commentary and Risks
- Accountant Disagreements: The company confirmed there were no disagreements with PricewaterhouseCoopers LLP regarding accounting principles, financial statement disclosures, or auditing scope during the fiscal years ended September 30, 2000 and 1999, or the interim period through September 4, 2001.
- Audit Opinions: The reports issued by PricewaterhouseCoopers LLP for the fiscal years ended September 30, 2000 and 1999 contained no adverse opinions, disclaimers, or qualifications.
- Consultation with New Accountant: The company did not consult with Deloitte & Touche LLP on any matters involving disagreements or reportable events during the relevant periods prior to their appointment.
Investor Verification Checklist
- Verify the rationale for the change in auditors beyond the standard disclosure provided.
- Review the attached Exhibit 16 (Letter from prior independent accountants) for any additional context regarding the dismissal.
- Monitor upcoming financial statements for the fiscal year ending September 30, 2001, to assess the impact of the new auditor on reporting.