<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Date of Report (Date of earliest event reported): February 7, 2000.
INTERMAGNETICS GENERAL CORPORATION
----------------------------------
(Exact name of registrant as specified in its charter.)
Commission File Number 1-11344
New York 14-1537454
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
450 Old Niskayuna Road
Latham, New York 12110
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (518) 782-1122
<PAGE>
Item 4. Changes in Certifying Accountant
On February 7, 2000, Intermagnetics General Corporation (the "Company")
dismissed KPMG, LLP ("KPMG") and engaged PricewaterhouseCoopers LLP as the
Company's independent auditors for the fiscal year ending May 28, 2000. In each
case, the decision was approved by the Board of Directors of the Company, upon
the recommendation of the Audit Committee.
KPMG's reports on the consolidated financial statements of the Company for the
past two years did not contain any adverse opinion or a disclaimer of opinion,
and were not qualified or modified as to uncertainty, audit scope or accounting
principles.
During the Company's two most recent fiscal years and the subsequent interim
period preceding the dismissal of KPMG, there were no disagreements with KPMG
regarding any matters of accounting principles or practices, financial statement
disclosure or auditing scope or procedure, which disagreements, if not resolved
to the satisfaction of KPMG, would have caused KPMG to make reference to the
subject matter of the disagreements in connection with its report.
The Company requested that KPMG furnish it with a letter addressed to the
Securities and Exchange Commission stating whether it agrees with the above
statements. The letter, dated February 11, 2000 has been filed as an exhibit to
this current report on Form 8-K.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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.
INTERMAGNETICS GENERAL CORPORATION
Date: February 11, 2000 By: /s/ Glenn H. Epstein
-------------------------------------
Glenn H. Epstein
President and Chief Executive Officer
<PAGE>
Item 7 - Financial Statements and Exhibits.
(1) Exhibits:
Letter dated February 11, 2000, from KPMG LLP to the Securities and Exchange
Commission.
<PAGE>
Exhibit 1
[LETTERHEAD OF KPMG LLP]
Securities and Exchange Commission
Washington, D.C. 20549
February 11, 2000
Ladies and Gentlemen:
We were previously principal accountants for Intermagnetics General Corporation
and, under the date of July 16, 1999, except as to Note E, which is as of August
30, 1999, we reported on the consolidated balance sheets of Intermagnetics
General Corporation and subsidiaries as of May 30, 1999 and May 31, 1998, and
the related consolidated statements of operations, shareholders' equity and
comprehensive income (loss), and cash flows for each of the years in the
three-year period ended May 30, 1999. On February 7, 2000, our appointment as
principal accountants was terminated. We have read Intermagnetics General
Corporation's statements included under Item 4 of its Form 8-K dated February
11, 2000, and we agree with such statements, except that we are not in a
position to agree or disagree with Intermagnetics General Corporation's
statement that the change was approved by the board of directors, upon the
recommendation of the audit committee.
Very truly yours,
/s/ KPMG LLP
- ----------------------------
