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):
April 3, 2000
Champps Entertainment, Inc.
(Exact Name of Registrant as specified in its charter)
Commission File Number: 0-22639
Delaware 04-3370491
(State or other jurisdiction (I.R.S. Employer
of incorporation) Identification No.)
5619 DTC Parkway, Suite 1000, Englewood, Colorado 80111
(Address of principal executive offices and zip code)
(303) 804-1333
(Registrant's telephone number, including area code)
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Item 4. Changes in Registrant's Certifying Accountant
On April 3, 2000, the Company determined not to renew the engagement of
Deloitte & Touche LLP as independent accountants for the Company and the Company
engaged Arthur Andersen LLP as the independent accountants to audit and report
upon the Company's financial statements for the current fiscal year ending July
2, 2000. The determination by management and the Audit Committee not to renew
the engagement of Deloitte & Touche LLP which followed the Company's recent move
of its corporate headquarters from Boston to Denver, was approved by the Board
of Directors. The decision to engage Arthur Andersen LLP was based on the
special capabilities of its Denver office including extensive experience in the
restaurant industry. For the fiscal year ended June 27, 1999 and several years
prior thereto Deloitte & Touche LLP had audited and reported upon the Company's
financial statements and had served as the Company's independent accountants.
During the Company's two fiscal years ended June 28, 1998 ("fiscal 1998")
and June 27, 1999 ("fiscal 1999"), and during the subsequent interim period
through April 3, 2000, there were no disagreements with Deloitte & Touche LLP on
any matter of accounting principles or practices, financial statement
disclosure, or auditing scope or procedure, which disagreements if not resolved
to the their satisfaction would have caused them to make reference to the
subject matter of the disagreement in their reports.
The reports of Deloitte & Touche LLP on the Company's financial statements
for fiscal 1999 and fiscal 1998 do not contain any adverse opinion or disclaimer
of opinion, nor were such reports qualified or modified, as to uncertainty,
audit scope, or accounting principles except for the reference contained in the
fiscal 1998 independent auditors' report relating to the Company's adoption of
the provisions of Statement of Position 98-5.
At the end of fiscal 1998 and in October, 1999 Deloitte & Touche LLP
verbally reported to the Audit Committee and senior management that the Company
needed to improve certain aspects of its internal control structure and
accounting operations to ensure the filing of its financial statements on a
reliable and timely basis. Under standards established by the American Institute
Of Certified Public Accountants these matters were considered by Deloitte &
Touche LLP to be reportable conditions and material weaknesses when viewed in
the aggregate. The Company has taken action on the recommendations received from
Deloitte & Touche LLP.
During February and March of 2000 the Audit Committee had discussions with
Arthur Andersen LLP regarding a possible engagement to provide consulting
services to the Audit Committee regarding the requirements of the SEC, NASD and
the Accounting Standards Board new rules for audit committees. The Company did
not at that time engage Arthur Andersen LLP to audit its financial statements or
for any other matter.
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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.
CHAMPPS ENTERTAINMENT, INC.
(Registrant)
By: /s/ William H. Baumhauer
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William H. Baumhauer
Chairman, President and Chief
Executive Officer
(Principal Executive Officer)
Dated: April 3, 2000
