Form 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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 28, 1998
Commission File Number 1-8325
MYR GROUP INC.
(Exact name of registrant as specified in its charter)
Delaware 36-3158643
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
1701 W. Golf Road, Suite 1012, Tower Three, Rolling Meadows, IL 60008
(Address of principal executive offices) (Zip Code)
(847) 290-1891
Registrant's telephone number, include area code
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MYR GROUP INC.
INDEX
Page #
Item 4. Changes In Registrant's Certifying Accountant 2
Item 7. Exhibits 2
Signature 3
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
(a) Effective July 28, 1998 (the "Effective Date of Dismissal"), MYR
Group Inc. (the "Company") dismissed Deloitte & Touche, LLP
("D&T") the prior certifying accountants.
The consolidated financial statements of MYR Group Inc. during
the two most recent years ended December 31, 1996 and 1997 did
not contain an adverse opinion, or disclaimer of opinion, nor did
D&T qualify or modify their opinion as to uncertainty, audit
scope or accounting principles. In addition, the report of D&T on
the Company for the last two years was unqualified.
The decision to change accountants was ratified by the Audit
Committee of the Company's Board of Directors.
In connection with the audits of the two most recent fiscal
years, and of the Effective Date of Dismissal, there have been no
disagreements between the Company and D&T on any matters of
accounting principles or practices, financial statement
disclosure or auditing scope or procedure.
D&T has furnished the Company with a letter addressed to the
Securities and Exchange Commission (the "Commission") stating
that D&T agrees with the statements made by the Company in this
Item 4 (a). A copy of the letter from D&T to the Commission is
filed as Exhibit 16 hereto.
(b) Effective July 28, 1998 (the "Effective Date of Engagement"), the
Company engaged Ernst & Young LLP as its auditors.
During the two most recent fiscal years prior to the Effective
Date of Engagement and all subsequent interim periods preceding
the date hereof, neither the Company nor any of its subsidiaries
has consulted E&Y regarding any matters or events as set forth in
Item 304 (a) (2) or Regulation S-K.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS.
(c) Exhibits. A letter from D&T to the Commission dated August
10,1998 has been field as Exhibit 16 to this Current Report.
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SIGNATURES
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.
MYR GROUP INC.
Registrant
By: /s/ Elliott C. Robbins
Dated: August 10, 1998 Name: Elliott C. Robbins
Title: Senior Vice President, Treasurer
and Chief Financial Officer
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EXHIBITS
Exhibit No. Exhibit
16 Letter of Deloitte & Touche, LLP
dated August 10, 1998
Exhibit 16
(Deloitte & Touche Letterhead)
August 10, 1998
Securities and Exchange Commission
Mail Stop 9-5
450 Fifth Street, N.W.
Washington, DC 20549
Dear Sirs/Madams:
We have read and agree with the comments in Item 4(a) of Form 8-K of
the MYR Group Inc. dated July 28, 1998.
Yours truly,
/s/ Deloitte & Touche LLP