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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
AMENDMENT NO. 1 TO
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): APRIL 26, 1999
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NEWPARK RESOURCES, INC.
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(Exact name of registrant as specified in its charter)
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DELAWARE 1-2960 72-1123385
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
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3850 NORTH CAUSEWAY, SUITE 1770
METAIRIE, LOUISIANA 70002
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (504) 838-8222
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
Disclosures required by Item 304(a)(1) of Regulation S-K.
(i) On April 13, 1999, Newpark issued a request for proposals for
outside audit services to four firms, including Deloitte & Touche, LLP
("Deloitte"), the incumbent auditor. On April 26, Deloitte notified
the Company that it would not be submitting a proposal to provide
services for the 1999 calendar year.
(ii) The accountant's reports issued by Deloitte on the financial
statements for the past two years were unqualified.
(iii) Newpark is continuing the auditor selection process and expects
to present its recommendations to the audit committee for review and
approval within two weeks.
(iv) During Newpark's two most recent fiscal years and the subsequent
interim period preceding declination, Newpark had no disagreements
with Deloitte.
(v) During Newpark's two most recent fiscal years and the subsequent
interim period preceding the declination, no "reportable events" as
defined in Item 304(a)(1)(v) of Regulation S-K, occurred.
Compliance with Item 304(a)(3) of Regulation S-K.
Newpark provided a copy of the foregoing disclosures to Deloitte on
April 28, 1999, and requested that it provide Newpark with a letter addressed
to the Commission in accordance with Item 304(a)(3) of Regulation S-K. A copy
of Deloitte's response is attached as an exhibit to this report.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial Statements
None.
(b) Pro forma Financial Information
None.
(c) Exhibits
1. Letter, dated May 7, 1999 from Deloitte & Touche LLP to the
Commission.
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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 by the undersigned hereunto
duly authorized.
NEWPARK RESOURCES, INC.
Dated: May 10, 1999 By: /s/ Eric Wingerter
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Eric Wingerter, Vice President
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INDEX TO EXHIBITS
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EXHIBIT
NUMBER DESCRIPTION
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1 Letter, dated May 7, 1999 from Deloitte and Touche LLP to
the Commission.
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EXHIBIT 1
May 7, 1999
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 Newpark
Resources, Inc. dated April 26, 1999, except for Item 4(iii) for which we have
no basis to agree or disagree.
Yours truly,
Deloitte & Touche
