Business Context and Reporting Period
This Form 8-K Current Report was filed by TTM Technologies, Inc. on May 10, 2002, with the earliest event reported on that date. The filing addresses a significant corporate governance change regarding the company's independent public accountants.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This document is a current report focused solely on the change of the certifying accountant and does not contain financial statement data.
Material Changes
- Accountant Change: On May 14, 2002, the Company engaged KPMG LLP as its new independent public accountants and dismissed Arthur Andersen LLP.
- Approval Process: The decision was recommended and approved by the Audit Committee and the Board of Directors on May 10, 2002.
- Historical Disagreements: There were no disagreements between the Company and Arthur Andersen LLP during the two most recent fiscal years (ended Dec 31, 2001 and 2000) or the interim period through May 14, 2002, regarding accounting principles, practices, or disclosures.
- Prior Audit Opinions: Arthur Andersen LLP's reports for the fiscal years ended December 31, 2001 and 2000 contained no adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
Guidance, Outlook, and Risks
The filing does not contain management guidance, financial outlook, or specific risk factors beyond the context of the auditor change. The Company confirmed it had not consulted with KPMG LLP during the last two fiscal years or the interim period regarding accounting principles or potential opinions on financial statements.
Investor Verification Checklist
- Verify the effective date of the engagement with KPMG LLP (May 14, 2002).
- Review Exhibit 16 (Letter from Arthur Andersen LLP) to confirm their agreement with the Company's statements regarding the lack of disagreements.
- Monitor future filings for the first financial statements audited by KPMG LLP to assess any changes in accounting treatment or disclosure.
- Confirm that the Board of Directors formally approved the change on May 10, 2002.