SEC Filing Summary: Schweitzer-Mauduit International, Inc. Retirement Savings Plan
Business Context and Reporting Period
This Form 8-K is a current report filed by the Schweitzer-Mauduit International, Inc. Retirement Savings Plan (the "Plan"). The report date is June 13, 2005, covering an event that occurred on June 8, 2005. The filing addresses a change in the Plan's independent certifying accountant.
Key Financial Metrics
The filing text does not provide specific financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. This report is strictly administrative regarding the appointment of an auditor.
Material Changes
- Accountant Dismissal: On June 8, 2005, Rex Meighen & Company, LLP was dismissed as the independent accountant for the Plan due to the non-renewal of their annual contract.
- Accountant Appointment: Berman Hopkins Wright & Laham, CPAs, LLP was appointed to audit the Plan's financial statements for the year ended December 31, 2004.
- Audit History: Rex Meighen & Company, LLP audited the statements for the year ended December 31, 2003. Their report contained no adverse opinions, disclaimers, or qualifications regarding uncertainty, scope, or accounting principles.
Outlook, Risks, and Management Commentary
The filing confirms that during the two most recent fiscal years ended December 31, 2003, and the interim period through June 8, 2005:
- There were no disagreements with the former accountant (Rex Meighen & Company, LLP) regarding accounting principles, financial statement disclosures, or auditing scope/procedures.
- No reportable events described in Item 304(a)(1)(v) of Regulation S-K occurred.
- The Plan Administrator did not consult with the new accountant (Berman Hopkins Wright & Laham, CPAs, LLP) regarding accounting principles for specific transactions or potential audit opinions prior to their appointment.
Investor Verification Checklist
- Verify the effective date of the new auditor's engagement (Berman Hopkins Wright & Laham, CPAs, LLP) for the 2004 fiscal year.
- Confirm that the dismissal of Rex Meighen & Company, LLP was solely due to contract non-renewal and not due to undisclosed disagreements.
- Note that this filing pertains to the Retirement Savings Plan, not the operating company (Schweitzer-Mauduit International, Inc.) directly, though the Plan is a subsidiary entity.