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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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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): AUGUST 3, 1999
KEVCO, INC.
(Exact Name of Registrant as Specified in Charter)
TEXAS 000-21621 75-2666013
(State or Other Jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation) Identification No.)
1300 SOUTH UNIVERSITY DRIVE, SUITE 200
FORT WORTH, TEXAS 76107
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (817) 332-2758
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
(a) (i) Kevco, Inc. (the "Registrant") dismissed PricewaterhouseCoopers
LLP as its independent certified public accountant, effective as of August 3,
1999.
(ii) There have been no adverse opinions, disclaimers of opinion,
or qualifications or modifications as to uncertainty, audit scope, or
accounting principles regarding the reports of PricewaterhouseCoopers
LLP on the Registrant's financial statements for each of the fiscal
years ended December 31, 1998 and 1997.
(iii) The Audit Committee of the Registrant's Board of Directors
approved the change of accountants and that action was ratified by the
Board of Directors of the Registrant.
(iv) During the Registrant's fiscal years ended December 31, 1998
and 1997 and the subsequent interim period to August 3, 1999, there
were no disagreements with PricewaterhouseCoopers LLP on any matter of
accounting principles or practices, financial statement disclosure, or
auditing scope or procedure, which disagreements, if not resolved to
the satisfaction of PricewaterhouseCoopers LLP, would have caused
PricewaterhouseCoopers LLP to make reference to the subject matter of
the disagreements in connection with its report.
(v) The Registrant has requested that PricewaterhouseCoopers LLP
furnish it with a letter addressed to the Securities and Exchange
Commission (the "Commission") as to whether it agrees with the above
statements. A copy of PricewaterhouseCoopers LLP's letter to the
Commission, dated as of August 9, 1999, is filed as Exhibit 16.1 to
this current report on Form 8-K.
(b) Concurrently with the dismissal of PricewaterhouseCoopers LLP, the
Registrant engaged the accounting firm of Ernst & Young LLP ("Ernst & Young") as
its independent accountants, effective as of August 3, 1999.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits.
16.1 Letter of PricewaterhouseCoopers LLP to the
Commission, dated as of August 9, 1999.
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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 hereunto duly authorized.
KEVCO, INC.
Date: August 9, 1999 By: /s/ Frederick B. Hegi, Jr.
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Frederick B. Hegi, Jr.
President and Chief Executive Officer
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INDEX TO EXHIBIT
<TABLE>
<CAPTION>
EXHIBIT
NUMBER DESCRIPTION
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<S> <C>
16.1 Letter of PricewaterhouseCoopers LLP to the Commission,
dated as of August 9, 1999.
</TABLE>
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[PRICEWATERHOUSECOOPERS LLP LETTERHEAD]
August 9, 1999
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Commissioners:
We have read the statements made by Kevco, Inc. (copy attached), which we
understand will be filed with the Commission, pursuant to Item 4 of Form 8-K,
as part of the Company's Form 8-K report dated August 9, 1999. We agree with
the statements concerning our Firm in such Form 8-K.
Very truly yours,
/s/ PRICEWATERHOUSECOOPERS LLP
