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UNITED STATES 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) OCTOBER 2, 1996
DI INDUSTRIES, INC.
(Exact name of Registrant as specified in its charter)
TEXAS 1-8226 74-2144774
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
450 GEARS ROAD, SUITE 625
HOUSTON, TEXAS 77067
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (713) 874-0202
N/A
(Former name or former address, if changed since last report.)
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANTS
Deloitte & Touche LLP was previously the principal accountants for DI
Industries, Inc. On October 2, 1996, that firm's appointment as principal
accountants was terminated and KPMG Peat Marwick LLP was engaged as principal
accountants. The decision to change accountants was approved by the Board of
Directors upon recommendation of the Audit Committee of the Board of Directors.
In connection with the audits of the two fiscal years ended December 31, 1995,
and the subsequent interim period through June 30, 1996, there were no
disagreements with Deloitte & Touche LLP on any matter of accounting principles
or practices, financial statement disclosure, or auditing scope or procedures,
which disagreements if not resolved to their satisfaction would have caused them
to make reference in connection with their opinion to the subject matter of the
disagreement.
The audit reports of Deloitte & Touche LLP on the consolidated financial
statements of DI Industries, Inc. and subsidiaries as of and for the years ended
December 31, 1995 and 1994, did not contain any adverse opinion or disclaimer of
opinion, nor were they qualified or modified as to uncertainty, audit scope, or
accounting principles. A letter from Deloitte & Touche LLP is attached as an
Exhibit.
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ITEM 7(C). EXHIBITS - The following document is filed as part of this report:
16.1 - Letter from Deloitte & Touche LLP
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company
has duly caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.
DI INDUSTRIES, INC.
Date: October 7, 1996 By /s/ T. SCOTT O'KEEFE
T. Scott O'Keefe, Senior Vice President
and Chief Financial Officer
Date: October 7, 1996 By /s/ DAVID W. WEHLMANN
David W. Wehlmann
Vice President & Controller
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EXHIBIT 16.1
[Letterhead of Deloitte & Touche LLP]
October 7, 1996
Office of Chief Accountant
Securities and Exchange Commission
Mail Stop 9-5
450 5th Street, N.W.
Washington, D.C. 20549
Dear Sirs/Madams:
We have read and agree with the comments in Item 4 of Form 8-K of DI Industries
Inc. dated October 2, 1996.
Yours truly,
/s/ DELOITTE & TOUCHE LLP
Deloitte & Touche LLP
