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FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): February 16, 1995
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BORDEN, INC.
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(Exact name of registrant as specified in its charter)
New Jersey I-71 13-0511250
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) file number) Identification No)
180 East Broad St., Columbus OH 43215
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(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code: 614-225-4000
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Not Applicable
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(Former name or former address, if changed since last report)
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Item 4. Changes in the Registrant's Certifying Accountant
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On February 16, 1995, the Company dismissed Price Waterhouse LLP as
its independent accountants. The reports of Price Waterhouse 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 principle. The Company's Audit Committee
participated in and approved the decision to change independent accountants.
In connection with its audits for the two most recent fiscal years and through
February 16, 1995, there have been no disagreements with Price Waterhouse 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 Price Waterhouse LLP, would have caused them to
make reference in their report on the financial statements for such years.
The Company has requested that Price Waterhouse LLP furnish it with a letter
addressed to the SEC stating whether or not it agrees with the above
statements. A copy of such letter, dated February 21, 1995, is filed as
Exhibit 16 to this Form 8-K.
The Company engaged Deloitte & Touche LLP as its new independent accountants as
of February 16, 1995. During the two most recent years and through February
16, 1995, the Company has not consulted with Deloitte & Touche LLP on items
which (1) were or should have been subject to SAS 50 or (2) concerned the
subject matter of a disagreement or reportable event with the former auditor,
(as described in Regulation S-K Item 304(a) (2).
Item 7. Financial Statements and Exhibits
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(c) Exhibits
16. Letter re change in certifying accountant
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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 thereunto duly authorized.
BORDEN, INC.
Date: February 21, 1995 /s/ James C. Van Meter
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James C. Van Meter
Executive Vice President and
Chief Financial Officer
(Principal Financial
Officer & Duly Authorized
Signing Officer)
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EXHIBIT 16
February 21, 1995
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Dear Sirs:
Borden, Inc.
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We have read Item 4 of Borden, Inc.'s Form 8-K dated February 21, 1994 and are
in agreement with the statements contained in the first three paragraphs of
Item 4.
Yours very truly,
/s/ Price Waterhouse LLP
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