Business Context and Reporting Period
This Form 8-K filing by Zimmer Puerto Rico Savings and Investment Program (a subsidiary of Zimmer Holdings, Inc.) reports a change in the registrant's certifying accountant. The report date is April 22, 2005, with the document signed on May 20, 2005.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on the administrative change of the independent registered public accounting firm.
Material Changes
- Accountant Dismissal: On April 22, 2005, the Audit Committee dismissed PricewaterhouseCoopers LLP (PwC) as the independent registered public accounting firm.
- Accountant Retention: Crowe Chizek and Company LLC was retained as the new independent registered public accounting firm on the same date.
- Audit History: PwC's reports for the years ended December 31, 2003, and 2002, contained no adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
- Disagreements: There were no disagreements with PwC on accounting principles, practices, disclosures, or audit scope/procedures during the relevant periods.
- Reportable Events: No reportable events occurred during the years ended December 31, 2003 and 2002, or through April 22, 2005.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on financial performance, or discussion of risks and contingencies. The only unusual item noted is the change in the external auditor for the Savings and Investment Program.
Investor Verification Checklist
- Verify the effective date of the transition from PwC to Crowe Chizek and Company LLC.
- Confirm that no undisclosed disagreements or reportable events existed during PwC's tenure.
- Review the letter from PwC (Exhibit 16.1) to ensure it aligns with the registrant's statements regarding the dismissal.
- Confirm that the change in accountant applies specifically to the Zimmer Puerto Rico Savings and Investment Program and not the parent company's primary financial statements.