SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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) June 29, 2000
------------------------------
Outsourcing Solutions Inc.
--------------------------------------------------------------------------------
(Exact Name of Registrant as Specified in Its Character)
Delaware
--------------------------------------------------------------------------------
State or Other Jurisdiction of Incorporation
333-16867 58-2197161
------------------------------------------ ------------------------------
(Commission File Number) (IRS Employer
Identification Number)
390 South Woods Mill Road, Suite 350
Chesterfield, Missouri 63017
-------------------------------------------- ------------------------------
(Address of Principal Executive Officer) (Zip Code)
(Registrant's Telephone Number, Including Area Code) (314) 576-0022
----------------------
<PAGE>
INFORMATION TO BE INCLUDED IN THE REPORT
Item 4. Changes in Registrant's Certifying Accountant.
(a) Deloitte & Touche LLP ("Deloitte & Touche"), which was previously engaged as
the independent accountants to audit the financial statements of Outsourcing
Solutions Inc. (the "Company"), was dismissed on June 29, 2000, by unanimous
consent of the registrant's Board of Directors, pursuant to the recommendation
of the registrant's Audit and Compliance Committee. On the same date, also
pursuant to the recommendation of the Company's Audit and Compliance Committee,
the Company's Board of Directors approved the selection of
PriceWaterhouseCoopers LLP as its independent accountants for fiscal year 2000.
The following information is set forth pursuant to Reg. Sec. 229.304 of
Regulation S-K of the Securities Act of 1933 (the "Act"):
(i) Deloitte & Touche's report on the financial statements of the
Company for the past two years contained no adverse opinion or disclaimer of
opinion and was not qualified or modified as to uncertainty, audit scope, or
accounting principles.
(ii) During the two most recent fiscal years and each subsequent interim
period preceding June 29, 2000, there have been no disagreements with Deloitte &
Touche on any matter of accounting principles or practices, financial statement
disclosure, or auditing scope or procedure.
(iii) The Company provided Deloitte & Touche with a copy of this
disclosure and requested that Deloitte & Touche furnish it with a letter
addressed to the Securities and Exchange Commission stating whether it agrees
with the above statements. A copy of that letter is filed as Exhibit 16.1 to
this Form 8-K.
<PAGE>
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.
OUTSOURCING SOLUTIONS INC.
-------------------------------------------
(Registrant)
Date: June 30, 2000 By: /s/ Gary L. Weller
-------------------------------------------
Gary L. Weller
Executive Vice President and
Chief Financial Officer
<PAGE>
Exhibit 16.1
June 29, 2000
Securities and Exchange Commission Mail Stop 11-3 450 5th Street, N.W.
Washington, DC 20549
Dear Sirs/Madams:
We have read and agree with the comments in Item 4 of Form 8-K of Outsourcing
Solutions Inc. dated June 29, 2000.
Yours truly,
/s/ Deloitte & Touche LLP
St. Louis, Missouri
