Business Context and Reporting Period
This Form 8-K is filed by the UCAR Carbon Savings Plan (the "Savings Plan"), a plan associated with GrafTech International Ltd. The report date is September 2, 2004. The filing addresses a change in the Savings Plan's certifying accountant.
Key Financial Metrics
The filing does not provide specific financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity for the Savings Plan or GrafTech International Ltd. The document focuses exclusively on the administrative change of the independent public accountant.
Material Changes
- Accountant Dismissal: On September 2, 2004, the Administrative Committee of the Savings Plan dismissed Deloitte & Touche LLP ("D&T") as its independent public accountants.
- Successor Status: The Committee has commenced but not yet completed the process of retaining a new independent public accountant.
- Audit History: D&T's reports for the plan years ended December 31, 2003, and 2002, did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
- Disagreements: There were no disagreements between D&T and the Savings Plan regarding accounting principles, practices, disclosures, or auditing scope/procedures during the 2002 and 2003 plan years or the period from December 31, 2003, to September 2, 2004.
- Reportable Events: No reportable events as described in Item 304(a)(1)(v) of Regulation S-K occurred during the relevant periods.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, or management commentary regarding future financial performance. The primary risk disclosed is the temporary absence of a retained independent public accountant while the selection process is ongoing. A letter from Deloitte & Touche LLP confirming the statements regarding the dismissal and lack of disagreements is filed as Exhibit 16.1.
Investor Verification Checklist
- Verify the identity of the new independent public accountant once the selection process is completed.
- Review Exhibit 16.1 (Letter from Deloitte & Touche LLP) for any additional context regarding the dismissal.
- Confirm that the dismissal of the Savings Plan's accountant does not indicate broader issues with GrafTech International Ltd.'s corporate financial reporting.