JOSTENS INC
8-K, 2000-08-02
JEWELRY, PRECIOUS METAL
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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): July 26, 2000




                          Commission file number 1-5064




                                  Jostens, Inc.
--------------------------------------------------------------------------------
             (Exact name of Registrant as specified in its charter)





Minnesota                               41-0343440
------------------------------------    ----------------------------------------
(State or other jurisdiction of         (I.R.S. Employer Identification number)
incorporation or organization)


5501 Norman Center Drive, Minneapolis, Minnesota    55437
------------------------------------------------    ----------------------------
(Address of principal executive offices)            (Zip code)





Registrant's telephone number, including area code: (952) 830-3300
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Item 4.  Changes in Registrant's Certifying Accountants

         (a)   Previous Independent Accountants

               (i)     On July 26, 2000, Jostens, Inc. (the "Registrant")
                       received the resignation of its independent accountants,
                       Ernst & Young LLP. The resignation was the result of
                       unsuccessful mediation discussions between the Registrant
                       and Ernst & Young LLP related to information technology
                       consulting services provided by Ernst & Young LLP to the
                       Registrant.

               (ii)    The reports of Ernst & Young LLP on the Registrant's
                       financial statements for the past two years ended January
                       1, 2000 and January 2, 1999 contained no adverse opinion
                       or disclaimer of opinion and were not qualified or
                       modified as to uncertainty, audit scope or accounting
                       principles.

               (iii)   In connection with its audits for the two most recent
                       fiscal years and through August 2, 2000, there have been
                       no disagreements with Ernst & Young LLP on any matter of
                       accounting principles or practices, financial statement
                       disclosure, or auditing scope or procedure, which
                       disagreements, if not resolved to the satisfaction of
                       Ernst & Young LLP, would have caused them to make
                       reference thereto in their report on the financial
                       statements for such years.

               (iv)    The Registrants delivered a copy of this Form 8-K report
                       to Ernst & Young LLP on August 2, 2000. Concurrently
                       therewith, the Registrant requested that Ernst & Young
                       LLP furnish it with a letter addressed to the Securities
                       and Exchange Commission stating whether or not it agrees
                       with the above statements. Attached hereto as Exhibit
                       16.1 is a copy of the letter of Ernst & Young LLP to the
                       Securities and Exchange Commission, dated August 2, 2000.

Item 7.  Financial Statements and Exhibits

         (c)   Exhibits

               Exhibit No.   Description
               -----------   -----------
                  16.1       Letter from Ernst & Young LLP to the Securities and
                             Exchange Commission dated August 2, 2000.


                                       2
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                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, Jostens has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.


                                   JOSTENS, INC.
                                   Registrant


Date: August 2, 2000               By /s/ William N. Priesmeyer
                                   -----------------------------------------
                                          William N. Priesmeyer
                                          Senior Vice President and Chief
                                            Financial Officer
                                          (Chief Accounting Officer)



                                       3
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                                  EXHIBIT INDEX


Exhibit       Description
-------       -----------
16.1          Letter from Ernst & Young LLP to the Securities and Exchange
              Commission dated August 2, 2000.


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