SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
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 17, 1998
PACIFIC AEROSPACE & ELECTRONICS, INC.
(Exact name of registrant as specified in its charter)
Washington 0-26088 91-1744587
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation or
organization
434 Olds Station Road, Wenatchee, WA 98801
(Address of Principal Executive Office) (Zip Code)
Registrant's telephone number,
including area code: (509) 667-9600
(Former name or former address, if changed since last report)
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Item 4. Change in Registrant's Certifying Accountant
Moss Adams LLP was previously the principal independent accountant for
Pacific Aerospace & Electronics, Inc. On April 17, 1998, the appointment of Moss
Adams LLP was terminated, and KPMG Peat Marwick was engaged, as the Company's
principal independent accountant. The decision to change principal independent
accountants was approved by the audit committee of the Company's Board of
Directors.
In connection with the audits for fiscal years ended May 31, 1996 and May
31, 1997, and the subsequent interim period through April 17, 1998:
(a) the reports of Moss Adams LLP contained no adverse opinion or
disclaimer of opinion, or modification as to uncertainty, audit scope or
accounting principles; and
(b) there were no disagreements with Moss Adams LLP on any matter of
accounting principles or practices, financial statement disclosure, or auditing
scope or procedures, which, if not resolved to the satisfaction of Moss Adams
LLP, would have caused it to make reference to the subject matter of the
disagreement in connection with its reports.
Item 7. Financial Statements and Exhibits
A. Financial Statements
None required.
B. Exhibits
The following is filed as an exhibit to this Current Report:
16 Letter from Moss Adams LLP dated April 23, 1998 required to
be filed as an exhibit to this Current Report pursuant to
Item 304(a)(3) of Regulation S-K.
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.
PACIFIC AEROSPACE & ELECTRONICS, INC.
By: NICK A. GERDE
--------------------------------------------------
Nick A. Gerde
Vice President Finance and Chief Financial Officer
<PAGE>
Dated: April 29, 1998
EXHIBIT INDEX
Exhibit Description
Number
- ------ -----------
16 Letter from Moss Adams LLP dated April 23, 1998 required to be
filed as an exhibit to this Current Report pursuant to Item
304(a)(3) of Regulation S-K.
EXHIBIT 16
[MOSS ADAMS LETTERHEAD]
April 23, 1998
Office of the Chief Accountant
Securities and Exchange Commission
Washington, DC 20549
Gentlemen:
Enclosed is the notice of our discharge as principal accountants of Pacific
Aerospace & Electronics, Inc. effective April 17, 1998. This notice includes our
agreement with the Company's statements under Item 4 of its Form 8-K for April
22, 1998.
Please contact us if we may be of further assistance.
Yours very truly,
EDWARD C. DROSDICK
Edward C. Drosdick, for
MOSS ADAMS LLP
c: Nick Gerde, Pacific Aerospace & Electronics, Inc.
Don Wright, Pacific Aerospace & Electronics, Inc.
Eugenie Mansfield, Stoel Rives
Enclosure
<PAGE>
Securities and Exchange Commission
Washington, DC 20549
Gentlemen:
We were previously principal accountants for Pacific Aerospace & Electronics,
Inc. (the Company) and on July 2, 1997, we reported on the consolidated
financial statements of Pacific Aerospace & Electronics, Inc. as of and for the
years ended May 31, 1997 and 1996. On April 17, 1998 we were dismissed as
principal accountants of the Company. We have read the Company's statements
included under Item 4 of its Form 8-K for April 22, 1998 and we agree with such
statements.
/S/ MOSS ADAMS LLP
Seattle, Washington
April 23, 1998
