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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): JULY 21, 1999
Sapient Corporation
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(Exact Name of Registrant as Specified in its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
0-28074 04-3130648
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(Commission File Number) (I.R.S. Employer Identification No.)
One Memorial Drive
Cambridge, MA 02142
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(Address of Principal Executive Offices) (Zip Code)
(617) 621-0200
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(Registrant's Telephone Number, Including Area Code)
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
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Item 4. Change in Registrant's Certifying Accountant.
(a) On July 21, 1999, Sapient Corporation ("Sapient") dismissed KPMG LLP
("KPMG") as its independent certified public accountant. The reports of KPMG on
Sapient's financial statements for the fiscal years ended December 31, 1998 and
1997 did not contain an adverse opinion, or disclaimer of opinion and were not
qualified or modified as to uncertainty, audit scope or accounting principles.
During Sapient's two most recent fiscal years and subsequent interim periods,
there were no disagreements with KPMG on any matter of accounting principles or
practices, financial statement disclosure or auditing scope or procedures, which
disagreements, if not resolved to the satisfaction of KPMG would have caused it
to make reference to such disagreement in its reports. The Audit Committee of
Sapient's Board of Directors recommended the change of accountants and that
action was approved by the Board of Directors of Sapient.
(b) Sapient solicited proposals from various accounting firms and following
review of such proposals, engaged PriceWaterhouseCoopers LLC ("PWC") to act as
Sapient's independent certified public accountant effective July 22, 1999.
During the two most recent fiscal years and subsequent interim periods, Sapient
has not consulted PWC regarding the application of accounting principles to a
specified transaction, either completed or proposed, or the type of audit
opinion that might be rendered on Sapient's financial statements, or any matter
that was the subject of a disagreement or a reportable event.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) EXHIBITS
16.1 Letter from KPMG dated July 26, 1999 addressed to the
Securities and Exchange Commission.
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SIGNATURE
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 hereunto duly authorized.
Date: July 26, 1999 SAPIENT CORPORATION
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(Registrant)
By: /s/ Susan D. Johnson
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Susan D. Johnson
Chief Financial Officer
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EXHIBIT INDEX
Exhibit
Number Description
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16.1 Letter from KPMG LLP dated July 26, 1999 addressed to the
Securities and Exchange Commission.
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EXHIBIT 16.1
KMPG
99 High Street
Boston, MA 02110-2371
Telephone 617 988-1000
Fax 617 988-0800
Securities and Exchange Commission
Washington, D.C. 20549
July 26, 1999
Ladies and Gentlemen:
We were previously principal accountants for Sapient Corporation and, under the
date of April 16, 1999, we reported on the consolidated financial statements of
Sapient Corporation and subsidiaries as of and for the years ended December 31,
1998 and 1997. On July 21, 1999, our appointment as principal accountants was
terminated. We have read Sapient Corporation's statements included under Item 4
of its Form 8-K filed on July 26, 1999, and we agree with such statements except
that we are not in a position to agree or disagree with the Company statements
in the last sentence of paragraph 4a and all of paragraph 4b.
Very truly yours,
KPMG LLP
