SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Pursuant to Section 13 or 15(d) of the
Securities and Exchange Act of 1934
Date of Report (Date of earliest event reported): March 1, 1996
PIER 1 IMPORTS, INC.
(Exact name of registrant as specified in its charter)
Delaware 1-7832 75-1729843
(State of incorporation (Commission (IRS Employer
or organization) File No.) Identification No.)
301 Commerce Street, Suite 600
Fort Worth, Texas 76102
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (817) 878-8000
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Item 4. Changes in Registrant's Certifying Accountant.
On March 1, 1996, the Company terminated the engagement of Price
Waterhouse LLP as the independent accountants for the audit of the Company's
financial statements.
The reports of Price Waterhouse LLP on the financial statements of the
Company for each of the past two years contained no adverse opinion or
disclaimer of opinion or any qualification or modification as to uncertainty,
audit scope or accounting principles.
The decision to change the Company's independent accountants was
recommended by the Audit Committee of the Board of Directors.
During the two fiscal years ending February 26, 1994, and February 25,
1995, and during the period from February 27, 1995, through March 1, 1996,
there were no disagreements with Price Waterhouse LLP on any matter of
accounting principles or practices, financial statement disclosure, or
auditing scope or procedure that, if not resolved to the satisfaction of
Price Waterhouse LLP, would have caused a reference to the subject matter of
the disagreement in its audit report.
The Company has provided Price Waterhouse LLP a copy of the disclosures
contained herein and requested Price Waterhouse LLP to furnish the Company a
copy of a letter from Price Waterhouse LLP to the Securities and Exchange
Commission stating whether it agrees with the above statements. The Company
has not received such letter from Price Waterhouse LLP, and upon receipt of
the letter will file an amendment to this Form 8-K to include such letter as
an exhibit hereto.
On March 1, 1996, the Company notified Ernst & Young LLP of the
Company's intention to engage Ernst & Young LLP as independent accountants
for the audit of the Company's financial statements for the fiscal year
ending March 2, 1996.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
16 -- Letter from Price Waterhouse LLP to the Securities and
Exchange Commission (to be filed by amendment).
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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.
Dated: March 8, 1996
PIER 1 IMPORTS, INC.
By /s/ J. Rodney Lawrence
J. Rodney Lawrence
Senior Vice President
