UNITED STATES
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): March 13, 1999
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Commission File Number 1-13507
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American Skiing Company
(Exact name of registrant as specified in its charter)
Maine 04-3373730
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
P.O. Box 450
Bethel, Maine 04217
(Address of principal executive office) (Zip Code)
(207) 824-5196
(Registrant's telephone number, including area code)
Not Applicable
(Former name, former address and former fiscal year, if changed since last
report.)
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ITEM 4. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT
On March 13, 1999, American Skiing Company (the "Company") was informed by
its independent accountants, PricewaterhouseCoopers LLP, ("PwC") that PwC was
resigning as independent accountants of the Company effective on the date of
such notice.
The Audit Committee of the Company's Board of Directors voted to accept
PwC's resignation.
The reports of PwC 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 the
two most recent fiscal years ended July 27, 1997 and July 26, 1998, and in the
subsequent interim period through March 13, 1999, there were no disagreements
with PwC on any matters of accounting principles or practices, financial
statement disclosure or auditing scope or procedures which, if not resolved to
the satisfaction of PwC, would have caused PwC to make reference to the matter
in their report on the financial statements for such years.
The Company has requested that PwC furnish it with a letter addressed to
the Securities and Exchange Commission stating whether or not it agrees with the
above statements. A copy of such letter, dated March 19, 1999, is filed as
Exhibit 16 to this Form 8-K.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits. Exhibit 16, the letter from PricewaterhouseCoopers LLP regarding
the foregoing change in certifying accountants, is being attached in
accordance with the provisions of Item 601 of Regulation S-K.
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 thereunto duly authorized.
AMERICAN SKIING COMPANY
Date: March 19, 1999 /s/ Mark J. Miller
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Mark J. Miller
Senior Vice President
Chief Financial Officer
(Principal Financial and
Accounting Officer)
Date: March 19, 1999 /s/ Christopher E. Howard
- ---------------------------- --------------------------------
Christopher E. Howard
Executive Vice President
(Duly Authorized Officer)
March 19, 1999
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Ladies and Gentlemen:
American Skiing Company
We have read Item 4 of American Skiing Company's Form 8-K dated March 13, 1999
and are in agreement with the statements contained therein.
Yours very truly,
/s/ PricewaterhouseCoopers LLP
PricewaterhouseCoopers LLP
