SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
Amendment #1
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 5, 1997
PIONEER NATURAL RESOURCES COMPANY
(Exact name of Registrant as specified in its charter)
Delaware 1-13245 75-2702753
(State or other jurisdiction of Commission (I.R.S. Employer
incorporation or organization) File Number Identification Number)
1400 Williams Square West, 5205 N. O'Connor Blvd., Irving, Texas 75039
(Address of principal executive offices) (Zip code)
Registrant's Telephone Number, including area code : (972) 444-9001
Not applicable
(Former name, former address and former fiscal year,
if changed since last report)
Page 1 of 5 pages.
Exhibit Index on page 4.
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ITEM 4. Changes in Registrant's Certifying Accountants
At a meeting held on December 5, 1997, the Board of Directors of Pioneer Natural
Resources Company (the "Company") approved the engagement of Ernst & Young LLP
as the Company's independent auditors for the fiscal year ending December 31,
1998 to replace the firm of KPMG Peat Marwick LLP, who will be dismissed as
auditors of the Company after completing the audit of the Company for the fiscal
year ending December 31, 1997. The audit committee of the Board of Directors
approved the change in auditors on December 5, 1997, subject to ratification by
the Company's stockholders.
The reports of KPMG Peat Marwick LLP on the Company's financial statements for
the past two fiscal years did not contain an adverse opinion or a disclaimer of
opinion and were not qualified or modified as to uncertainty, audit scope, or
accounting principles.
In connection with the audits of the Company's financial statements for each of
the two fiscal years ended December 31, 1995 and 1996, and in the subsequent
interim period, there were no disagreements with KPMG Peat Marwick LLP on any
matters of accounting principles or practices, financial statement disclosure,
or auditing scope and procedures which, if not resolved to the satisfaction of
KPMG Peat Marwick LLP would have caused KPMG Peat Marwick LLP to make reference
to the matter in their report.
The Company has received from KPMG Peat Marwick LLP a letter addressed to the
Securities and Exchange Commission stating that KPMG Peat Marwick LLP agrees
with the above statements. A copy of the letter is included as Exhibit 16 to
this Form 8-K/A, Amendment #1.
ITEM 7. Financial Statements and Exhibits
(c) Exhibits
16. Letter from the independent certified public accountants pursuant to
Item 4 as previously reported on Form 8-K dated December 5, 1997.
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PIONEER NATURAL RESOURCES COMPANY
S I G N A T U R E S
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.
PIONEER NATURAL RESOURCES COMPANY
Date: December 22, 1997 By: /s/ M. Garrett Smith
-------------------------------
M. Garrett Smith
Executive Vice President and
Chief Financial Officer
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Exhibit Index Page
16* Letter from the independent certified public accountants
pursuant to Item 4 as previously reported on the December
5, 1997 Form 8-K. 5
* Filed herewith.
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Exhibit 16
KPMG Peat Marwick LLP
300 North Marienfeld, Suite 300
Midland, Texas 79701
December 19, 1997
Securities and Exchange Commission
Washington, D.C. 20549
Ladies and Gentlemen:
We are the principal accountants for Pioneer Natural Resources Company and,
under the date of January 29, 1997, we reported on the consolidated financial
statements of Pioneer Natural Resources Company and subsidiaries as of and for
the years ended December 31, 1996 and 1995. On December 5, 1997, our appointment
as principal accountants was terminated for periods after December 31, 1997, and
after completion of our audit on such fiscal period. We have read Pioneer
Natural Resources Company's statements included under Item 4 of its Form 8-K
dated December 5, 1997, and we agree with such statements.
Very truly yours,
KPMG Peat Marwick LLP
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