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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): November 18, 1998
METALLURG HOLDINGS, INC.
(Exact Name of Registrant as Specified in its Charter)
Delaware 23-29675771
(State or Other (IRS Employer
Jurisdiction of Identification Number)
Incorporation)
800 The Safeguard Building
435 Devon Park Drive
Wayne, Pennsylvania 19087
(Address of Principal Executive Offices)(Zip Code)
Registrant's telephone number, including area code:
(610) 293-0838
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ITEM 4. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANTS
(a), (b) On November 18, 1998, Metallurg Holdings, Inc. replaced its
independent public accountants, Arthur Andersen LLP, with
PricewaterhouseCoopers LLP. Arthur Andersen LLP did not resign as Metallurg
Holdings, Inc.'s independent public accountants. The decision to change
accountants was recommended and approved by the board of directors of
Metallurg Holdings, Inc. based upon an interview process in order to select
one accounting firm to represent both Metallurg Holdings, Inc. and its wholly
owned subsidiary, Metallurg, Inc. Arthur Andersen LLP's reports on Metallurg
Holdings, Inc.'s financial statements since its inception in July 1998 did not
contain an adverse opinion or a disclaimer of opinion and such reports were not
qualified or modified as to uncertainty, audit scope, or accounting
principles. During all periods preceding the date of the change in
accountants, there were no disagreements between Metallurg Holdings, Inc. and
Arthur Andersen LLP on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure, which
disagreements, if not resolved to the satisfaction of Arthur Andersen LLP,
would have caused it to make reference to the subject matter of the
disagreements in connection with its report.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits.
(16) Letter re change in certifying accountant.
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.
METALLURG HOLDINGS, INC.
Date: November 25, 1998 By: /s/ Diana Wechsler Kerekes
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Name: Diana Wechsler Kerekes
Title: Secretary
2
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[Letterhead of Arthur Andersen]
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Arthur Andersen LLP
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1345 Avenue of the Americas
New York NY 10105-0032
November 24, 1998
Office of the Chief Accountant
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Dear Sir/Madam:
We have read Item 4 included in Form 8-K dated November 18, 1998 of Metallurg
Holdings, Inc. to be filed with the Securities and Exchange Commission and
are in agreement with the statements contained therein.
Very truly yours,
/s/ Arthur Andersen, LLP
Arthur Andersen LLP
Copy to:
Mr. Arthur R. Spector, Metallurg Holdings, Inc.
