8-K: Current report filing
Published on March 21, 2001
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 21, 2001
DELUXE CORPORATION
(Exact name of registrant as specified in its charter)
Minnesota 1-7945 41-0216800
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
3680 Victoria Street, North
St. Paul, Minnesota 55126-2966
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (651)483-7111
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Item 4. Changes in Registrant's Certifying Accountants.
On March 16, 2001, DELUXE CORPORATION (the "Company") determined not to
re-engage its independent auditors, Deloitte & Touche LLP ("Deloitte") and
appointed PricewaterhouseCoopers LLP ("PricewaterhouseCoopers") as its new
independent auditors for the fiscal year ending December 31, 2001. This
determination followed the Company's decision to seek competitive bids from
independent accounting firms, including Deloitte, with respect to the engagement
of independent accountants to audit the Company's consolidated financial
statements for the fiscal year ending December 31, 2001. The decision not to
re-engage Deloitte and to engage PricewaterhouseCoopers was approved by the
unanimous vote of the Company's Board of Directors upon the recommendation of
its Audit Committee. The shareholders of the Company will be asked to ratify the
appointment of PricewaterhouseCoopers at the Company's Annual Meeting to be held
on May 8, 2001.
The reports of Deloitte on the consolidated financial statements of the
Company for its fiscal years ended December 31, 2000 and December 31, 1999 did
not contain any adverse opinion or disclaimer of opinion and were not qualified
or modified as to uncertainty, audit scope or accounting principles. During the
Company's two most recent fiscal years and the subsequent interim period through
March 16, 2001, (i) there were no disagreements between the Company and Deloitte
on any matter of accounting principles or practices, financial statement
disclosure or auditing scope or procedure which, if not resolved to the
satisfaction of Deloitte, would have caused Deloitte to make reference to the
subject matter of the disagreement in connection with its reports (a
"Disagreement") and (ii) there were no reportable events, as defined in Item
304(a)(1)(v) of Regulation S-K of the Securities and Exchange Commission (a
"Reportable Event").
The Company has not, during the Company's two most recent fiscal years
or the subsequent interim period through March 16, 2001, consulted with
PricewaterhouseCoopers regarding (i) the application of accounting principles to
a specified transaction, either completed or proposed, or the type of audit
opinion that might be rendered on the Company's financial statements, and either
a written report was provided to the Company or oral advice was provided that
PricewaterhouseCoopers concluded was an important factor considered by the
Company in reaching a decision as to the accounting, auditing or financial
reporting issue, or (ii) any matter that was either the subject of a
Disagreement with Deloitte or a Reportable Event.
The Company has furnished Deloitte with a copy of this Form 8-K and has
requested that Deloitte furnish it with a letter addressed to the Securities and
Exchange Commission stating whether it agrees with the above statements. A copy
of Deloitte's letter to the Commission, dated March 21, 2001, is filed as
Exhibit 16.1 to this current report on Form 8-K.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
16.1 Letter from Deloitte & Touche LLP to the Securities
and Exchange Commission dated March 21, 2001.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Dated: March 21, 2001
DELUXE CORPORATION
By: /s/ Anthony C. Scarfone
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Anthony C. Scarfone
Senior Vice President,
General Counsel and Secretary
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EXHIBIT INDEX
16.1 Letter from Deloitte & Touche LLP to the Securities and Exchange
Commission dated March 21, 2001.
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