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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)
December 4, 1995
COURIER CORPORATION
(Exact name of registrant as specified in charter)
MASSACHUSETTS
(State or Other Jurisdiction of Incorporation)
0-7597 04-2502514
(Commission file number) (IRS employer identification no.)
165 JACKSON STREET, LOWELL, MA 01852
(Address of principal executive offices) (Zip code)
(508) 458-6351
(Registrant's telephone number, including area code)
This document contains a total of 5 pages.
Exhibit Index appears at page 4.
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
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(a) Previous independent accountants.
Effective November 28, 1995 Courier Corporation (the
"Registrant") informed the accounting firm of Coopers & Lybrand
L.L.P., who has previously audited the Registrant's financial
statements (the "former accountants"), that the former accountants
would not be engaged as the Registrant's principal accountants to
audit the Registrant's financial statements for the fiscal year 1996.
The former accountants neither resigned, nor declined to stand for
re-election. After having considered this matter from time to time,
the Registrant's Audit Committee and Board of Directors determined
that sound business practice suggested that it would be appropriate to
consider periodically whether the Registrant would be able to reduce
its overall accounting costs, while maintaining or enhancing the
efficiency of the audit process, by seeking competitive proposals on
its accounting work. After reviewing the proposals received
(including a proposal from its former accountants), the Audit
Committee of the Board recommended to the full Board that the
Registrant change accounting firms. The full Board accepted this
recommendation and made this decision at a meeting held on November
27, 1995.
During the Registrant's two most recent fiscal years the
reports issued by the former accountants on the Registrant's financial
statements did not contain an adverse opinion or a disclaimer of
opinion, nor was any such opinion qualified or modified as to
uncertainty, audit scope, or accounting principles, except for the
adoption of Statement of Financial Accounting Standards No. 109 in
fiscal 1994. Likewise, during the Registrant's two most recent fiscal
years and during its 1996 fiscal year to the date preceding such
change of accountants, there have been no "disagreements", as defined
in applicable Securities and Exchange Commission ("SEC") rules,
between the Registrant and its former accountants concerning any
matter of accounting principles or practices, financial statement
disclosure, or auditing scope or procedure, which disagreements, if
not resolved to the satisfaction of Coopers & Lybrand L.L.P., would
have caused it to make a reference to the subject matter of such
disagreements in connection with any of its reports on the
Registrant's financial statements.
Attached hereto as EXHIBIT 16.1 is a letter from Coopers &
Lybrand L.L.P. stating that it agrees with the statements contained in
this Item 4(a).
(b) New independent accountants.
Subject to approval by the stockholders at the Registrant's
Annual Meeting of Stockholders, the Registrant's Board of Directors
appointed the accounting firm of Deloitte & Touche LLP as the
Registrant's new independent accountants. At no time during the
Registrant's two most recent fiscal years, nor during its 1996 fiscal
year to date, nor at any other time prior to its appointment, had the
Registrant, or someone on its behalf, consulted with Deloitte & Touche
LLP regarding either the application of accounting principles to a
specified transaction, either completed or proposed, nor with respect
to the type of audit opinion that might be rendered on the
Registrant's financial statements, nor with respect to any matter that
was the subject of a "disagreement" or a "reportable event" as those
terms are defined in applicable SEC rules.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
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(c) Exhibits.
16.1 Letter from Coopers & Lybrand L.L.P. regarding Change in
Certifying Accountant
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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 hereunto duly authorized.
COURIER CORPORATION
Date: December 4, 1995 By: /s/ Robert P. Story, Jr.
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Robert P. Story, Jr.
Senior Vice President and
Chief Financial Officer
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<TABLE>
EXHIBIT INDEX
<CAPTION>
Exhibit Sequential
Number Description Page No.
- ------ ----------- ---------
<S> <C> <C>
16.1 Letter from Coopers & Lybrand L.L.P.
regarding Change in Certifying Accountant 5
</TABLE>
3
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December 4, 1995
Securities and Exchange Commission
450 5th Street, N.W.
Washington, D.C. 20549
Gentlemen:
We have read the statements made by Courier Corporation (copy attached), which
we understand will be filed with the Commission, pursuant to Item 4 of Form
8-K, as part of the Company's Form 8-K report dated December 4, 1995. We agree
with the statements concerning our Firm in such Form 8-K in Item 4 (a).
Very truly yours,
Coopers & Lybrand L.L.P.
