Business Context and Reporting Period
Company: Graphic Packaging Holding Company
Filing Type: Form 8-K (Current Report)
Date of Report: May 19, 2008
Reporting Period: The filing addresses events occurring on May 19, 2008, and references the fiscal years ended December 31, 2007, and 2006.
Key Financial Metrics
This filing does not contain financial performance data. The text does not provide values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
The primary material change reported is the replacement of the Company's independent registered public accounting firm:
- Outgoing Auditor: PricewaterhouseCoopers LLP (PWC) was dismissed.
- Incoming Auditor: Ernst & Young LLP (E&Y) was appointed for the fiscal year ending December 31, 2008.
- Audit History: PWC's reports for the years ended December 31, 2007, and 2006, did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
- Disagreements: There were no disagreements between the Company and PWC on accounting principles, practices, or auditing scope/procedures during the two most recent fiscal years and through May 19, 2008.
- Reportable Events: No reportable events as defined in Regulation S-K, Item 304(a)(1)(v) occurred during the relevant period.
Guidance, Outlook, and Risks
The filing contains no management guidance, financial outlook, or discussion of future risks. It confirms that the Company did not consult with the new auditor (E&Y) regarding matters set forth in Regulation S-K, Item 304(a)(2)(i) or (ii) during the two most recent fiscal years and through May 19, 2008.
Investor Verification Checklist
- Verify the effective date of the transition from PWC to E&Y for the 2008 fiscal year.
- Review the letter from PricewaterhouseCoopers LLP (Exhibit 16.1) to confirm their agreement with the Company's disclosures regarding the change.
- Confirm that no undisclosed disagreements or reportable events exist between the Company and the former auditor.