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):
December 18, 1995
STERLING CHEMICALS, INC.
(Exact name of registrant as specified in its charter)
Delaware 1-10059 76-0185186
(State of Incorporation) (Commission File Number) (IRS Employer
Identification No.)
1200 Smith Street, Suite 1900
Houston, Texas 77002- 4312
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area
code (713) 650-3700
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Item 4. Changes in Registrant's Certifying Accountant.
On October 25, 1995, the Audit Committee of the Board of
Directors of Sterling Chemicals, Inc. (the "Company") recommended
and the Board of Directors of the Company approved the engagement
of the firm of Arthur Andersen LLP ("Arthur Andersen") as the
Company's independent auditors for the year ending September 30,
1996, to replace the firm of Coopers & Lybrand L.L.P. ("Coopers &
Lybrand"). This was reported in a Current Report on Form 8-K
filed on November 1, 1995. The termination by the Company of the
engagement of Coopers & Lybrand was effective upon the completion
of the audit for the year ended September 30, 1995, and the
filing of the Company's Annual Report on Form 10-K for such year.
Such filing occured on December 18, 1995.
During the fiscal years ended September 30, 1994 and 1995,
and the subsequent interim period through December 18, 1995,
there were no disagreements with Coopers & Lybrand on any matter
of accounting principles or practices, financial statement
disclosure, or audit scope or procedure, which disagreements, if
not resolved to their satisfaction, would have caused them to
make reference in connection with their report to the subject
matter of the disagreement.
During the fiscal years ended September 30, 1994 and 1995,
and the subsequent interim period through December 18, 1995, the
Company has not been advised by Coopers & Lybrand of any of the
reportable events listed in Item 304(a)(1)(v)(A) through (D) of
Regulation S-K.
The audit reports of Coopers & Lybrand on the consolidated
financial statements of the Company as of and for the fiscal
years ended September 30, 1994 and 1995, did not contain any
adverse opinion or disclaimer of opinion, nor were they qualified
or modified as to uncertainty, audit scope or accounting
principles, except for an explanatory paragraph noting that the
Company changed its method of accounting for income taxes
effective October 1, 1993.
At the request of the Company, Coopers & Lybrand has
furnished it with a letter, addressed to the Securities and
Exchange Commission, stating whether it agrees with the
statements made by the Company in response to this Item 4 and, if
not, stating the respects in which it does not agree. A copy of
Coopers & Lybrand 's letter is attached as Exhibit 16 to this
Report on Form 8-K.
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Item 7. Financial Statements and Exhibits.
(c) Exhibits.
16. Letter from Coopers & Lybrand L.L.P. dated
December 18, 1995.
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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 thereunto duly authorized.
Date: December 18, 1995 STERLING CHEMICALS, INC.
By:/s/ Jim P. Wise
Jim P. Wise
Vice President - Finance and
Chief Financial Officer
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EXHIBIT INDEX
Exhibit
Number Description of Exhibit Page
16 Letter from Coopers & Lybrand L.L.P. dated
December 18, 1995. 5
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EXHIBIT 16
December 18, 1995
Securities and Exchange Commission
450 5th Street, N.W.
Washington, DC 20549
Gentlemen:
We have read the statements made by Sterling Chemicals, Inc.,
which we understand will be filed with the Commission, pursuant
to Item 4 of Form 8-K, as part of the Company's Form 8-K report
dated December 18, 1995. We agree with the statements concerning
our Firm in such Form 8-K.
Very truly yours,
Coopers & Lybrand L.L.P.
