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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549-1004
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OF
THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): OCTOBER 13, 2000
SAGENT TECHNOLOGY, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
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DELAWARE 000-25315 94-3225290
(STATE OR OTHER JURISDICTION OF [COMMISSION FILE NUMBER] (I.R.S. EMPLOYER
INCORPORATION OR ORGANIZATION) IDENTIFICATION NUMBER)
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800 WEST EL CAMINO REAL, SUITE 300
MOUNTAIN VIEW, CA 94040
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
(650) 815-3100
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
(a) Previous independent accountants.
(i) On October 13, 2000, we dismissed PricewaterhouseCoopers LLP as
our independent accountants. The audit committee of our board of
directors participated in and approved the decision to change
independent accountants.
(ii) The reports of PricewaterhouseCoopers LLP on the financial
statements for the past two fiscal years contained no adverse
opinion or disclaimer of opinion and were not qualified or
modified as to uncertainty, audit scope, or accounting
principles.
(iii) In connection with its audits for the two most recent fiscal
years and through October 13, 2000, there have been no
disagreements with PricewaterhouseCoopers LLP on any matter of
accounting principles or practices, financial statement
disclosure or auditing scope of procedure, which disagreements
if not resolved to the satisfaction of PricewaterhouseCoopers
LLP would have caused them to make reference thereto in their
report on financial statements for such years.
(iv) During the two most recent fiscal years and through October 13,
2000, there have been no reportable events (as defined in
Regulation S-K, Item 304(a)(1)(v)).
(v) We have requested that PricewaterhouseCoopers LLP 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 October 18, 2000 is
filed as appendix 16.1 to this Form 8-K.
(b) New independent accountants.
(i) We have retained KPMG, LLP effective as of October 13, 2000 to
perform the annual audit of our financial statements. During the
two most recent fiscal years and through October 13, 2000, we
have not consulted with KPMG, LLP regarding (i) either: the
application of accounting principles to a specific transaction,
either completed or proposed; or the type of audit opinion that
might be rendered on our financial statements, and either a
written report was provided to us or oral advice was provided
that KPMG, LLP concluded was an important factor we considered
in reaching a decision as to the accounting, auditing or
financial reporting issue; or (ii) any matter that was either
the subject of a disagreement or reportable event with
PricewaterhouseCoopers LLP (as described in Regulation S-K, item
304(a)(2)).
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
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EXHIBIT
NUMBER DESCRIPTION
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16.1 Letter dated as of October 18, 2000 from PricewaterhouseCoopers
LLP to the Securities and Exchange Commission
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SIGNATURE
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.
SAGENT TECHNOLOGY, INC.
(Registrant)
Date: October 19, 2000 By: /s/ DAVID ELIFF
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David Eliff
Chief Financial Officer
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EXHIBIT INDEX
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EXHIBIT
NUMBER DESCRIPTION
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16.1 Letter dated as of October 18, 2000 from PricewaterhouseCoopers
LLP to the Securities and Exchange Commission
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