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):
June 1, 2000 (May 25, 2000)
IREX CORPORATION
(Exact name of registrant as specified in its charter)
Pennsylvania
(State or other jurisdiction of incorporation)
2-36877 23-1712949
(Commission File Number) (IRS Employer Identification No.)
120 North Lime Street, Lancaster, Pennsylvania 17602
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (717) 397-3633
Item 4. Changes in Registrant's Certifying Accountant
On May 25, 2000, Irex Corporation (the Company) dismissed its
independent auditors, Arthur Andersen LLP and appointed Beard &
Company, Inc. as the Company's new independent auditors. The decision
to change accountants was recommended by the Audit Committee and
approved by the Company's Board of Directors.
Arthur Andersen's reports on the Company's consolidated financial
statements for the two fiscal years ended December 31, 1999 did not
contain an adverse opinion or disclaimer of opinion, and were not
qualified or modified as to uncertainty, audit scope or accounting
principles.
In connection with audits of the two fiscal years ended December 31,
1999 and any subsequent interim period preceding the date hereof, there
were no disagreements or reportable events between the Company and
Arthur Andersen on any matters of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure, which,
if not resolved to the satisfaction of Arthur Andersen, would have
caused them to make a reference to the subject matter of the
disagreements or reportable events in connection with their reports.
Effective May 25, 2000, the Company engaged Beard & Company as its
independent auditors. During the two most recent fiscal years and the
subsequent interim period to the date hereof, the Company did not
consult with Beard & Company regarding any of the matters or events set
forth in Item 304(a)(2)(i) and (ii) of Regulation S-K.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits
(a) Not applicable.
(b) Not applicable.
(c) Exhibits.
16.1 Letter of concurrence from Arthur Andersen LLP regarding change
in certifying accountant to be filed by amendment.
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.
IREX CORPORATION
Date: June 1, 2000 /s/B. C. Werner
Controller
(Principal Accounting Officer)
