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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 Act of 1934
APRIL 28, 2000
Date of Report (date of earliest event reported)
BANCTEC, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-9859 75-1559633
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
2701 E. Grauwyler Road
Irving, Texas 75061
(Address of principal executive offices, including zip code)
(972) 579-6000
(Registrant's telephone number, including area code)
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ITEM 4. Changes in Registrant's Certifying Accountant.
(a) On April 28, 2000, the Registrant dismissed Arthur Andersen LLP ("AA")
as its independent auditors. The reports of AA on the Registrant's financial
statements for the fiscal years ended December 31, 1999 and 1998 and for each of
the three years in the period 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. The Registrant's Board of
Directors approved the decision to change accountants. During the Registrant's
two most recent fiscal years, there were no disagreements with AA on any matters
of accounting principles or practices, financial statement disclosure, or
auditing scope or procedures, which disagreements, if not resolved to the
satisfaction of AA would have caused it to make reference to such disagreement
in its reports.
(b) The Registrant engaged Deloitte & Touche LLP ("D&T") to act as its
independent auditors, effective April 28, 2000. During the two most recent
fiscal years and subsequent interim period, the Registrant has not consulted D&T
on items which (1) involved the application of accounting principles to a
specified transaction, either completed or proposed, or involved the type of
audit opinion that might be rendered on the Registrant's financial statements,
or (2) concerned the subject matter of a disagreement or a reportable event with
Registrant's former accountant.
ITEM 7. Financial Statements and Exhibits.
(a) Not Applicable
(b) Not Applicable
(c) Exhibits
16.1 Letter from Arthur Andersen LLP dated May 2, 2000, addressed to the
Securities and Exchange Commission in compliance with Item 304 of
Regulation S-K.
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SIGNATURE
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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.
BANCTEC, INC.
By: /s/ Evelyn Henry Miller
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Evelyn Henry Miller
Senior Vice President and
Chief Financial Officer
Date: May 4, 2000
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EXHIBIT 16.1
[ARTHUR ANDERSEN LOGO]
Office of the Chief Accountant Arthur Andersen LLP
Securities and Exchange Commission Suite 5600
450 Fifth Street, N.W. 901 Main Street
Washington, D.C. 20549 Dallas, TX 75202-3799
Tel 214 747-8300
May 2, 2000
Gentlemen:
We have read paragraph(a) of Item 4 included in the Form 8-K dated April 28,
2000, of BancTec, Inc. to be filed with the Securities and Exchange Commission
and are in agreement with the statements contained therein.
Very truly yours,
ARTHUR ANDERSEN LLP
By /s/ Walter D. Gruenes
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Walter D. Gruenes
DHM
Copy to:
Ms. Evelyn Henry Miller
BancTec, Inc.
