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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): May 23, 1995
FEDDERS CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
(State of Other Jurisdiction of Incorporation)
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1-8831 22-2572390
(Commission File Number) (IRS Employer Identification Number)
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505 Martinsville Road
Liberty Corner, New Jersey 07938
(Address of principal executive offices) (Zip Code)
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Registrant's telephone number, including area code (908) 604-8686
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Item 4. Changes in Registrant's Certifying Accountant
(a) Previous independent accountants
(i) On May 23, 1995, the Company dismissed Ernst and
Young ("E&Y") as their independent accountants.
(ii) The reports of E&Y on the Company's financial
statements for the years ended August 31, 1994 and
1993 did not contain an adverse opinion or
disclaimer of opinion and were not qualified or
modified as to uncertainty, audit scope or
accounting principle.
(iii) The Company's Board of Directors approved the
decision to change independent accountant upon the
recommendation of the Company's Audit Committee.
(iv)(v) During the last two fiscal years, the Company has
not had any disagreement with E&Y on any matter of
accounting principles or practices, financial
statement disclosure or auditing scope or
procedure that would require disclosure in this
Current Report of Form 8-K. There have been no
reportable events (as defined in Regulation S-K
Item 304(a)(1)(v)).
(vi) The Registrant has requested that E&Y furnish a
letter addressed to the Securities and Exchange
Commission as required by Item 304(a) of
Regulation S-K. A copy of such letter is attached
as Exhibit 16.
(b) New independent accountants
The Company has engaged BDO Seidman ("BDO") as its new
independent accountants as of May 23, 1995. Prior to this
engagement, BDO performed audits on the Company's pension
plans for the plan years ended October 31 and December 31,
1993. In 1995, BDO provided accounting services for the
Company's foreign subsidiaries, Fedders de Mexico S.A. de
C.V. and Fedders Asia Pte. Ltd. BDO has been assisting the
Company with work related to prospective foreign
investments.
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Item 7. Exhibits
(c) Exhibit 16. Letter to the Securities and Exchange
Commission from Ernst & Young dated May 24, 1995.
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SIGNATURE
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.
FEDDERS CORPORATION
By /s/Robert L. Laurent, Jr.
Robert L. Laurent, Jr.
Executive Vice President,
Finance & Administration
Date: May 24, 1995 Signing both in his capacity as
Executive Vice President on behalf
of the Registrant and as Chief
Financial Officer of the Registrant
EXHIBIT 16
May 24, 1995
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Gentlemen:
We have read Item 4 of Form 8-K dated May 24, 1995, of Fedders Corporation
and are in agreement with the statements contained in the paragraphs a(i),
a(ii), a(iv)(v) and a(vi) on page 2 therein. We have no basis to agree or
disagree with other statements of the registrant contained therein.
Ernst & Young LLP
