Business Context and Reporting Period
This Form 8-K is a current report filed by UCAR International Inc. (not GrafTech International Ltd) on May 8, 2001. The filing discloses a change in the company's independent certifying accountant.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on the administrative change of the audit firm.
Material Changes
- Accountant Change: The Board of Directors appointed Deloitte & Touche LLP as the new independent public accountants to audit the fiscal year ending December 31, 2001.
- Replacement: Deloitte & Touche replaces the prior independent accountants, KPMG LLP.
- Reasoning: The appointment followed the completion of a proposal process and was recommended by the Audit and Finance Committee.
Guidance, Outlook, and Risks
Management Commentary and Audit History:
- KPMG's reports for fiscal years 1999 and 2000 contained no adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
- There were no disagreements between UCAR and KPMG during the two most recent fiscal years or the period between December 31, 2000, and May 8, 2001, regarding accounting principles, financial statement disclosure, or auditing scope.
- No "reportable events" as defined in Regulation S-K occurred during the relevant periods.
- UCAR did not consult Deloitte & Touche regarding accounting principles or potential audit opinions prior to the appointment.
Exhibits: A letter from KPMG LLP dated May 15, 2001, confirming agreement with the statements above is filed as Exhibit 16.1.
Investor Verification Checklist
- Verify the identity of the registrant (UCAR International Inc.) versus the metadata company name (GrafTech International Ltd).
- Confirm the effective date of the new audit engagement with Deloitte & Touche.
- Review the attached Exhibit 16.1 (KPMG letter) for any additional context on the departure.
- Monitor future filings for the first financial statements audited by Deloitte & Touche.