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):
October 25, 1995
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STERLING CHEMICALS, INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-10059 76-0185186
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(State of Incorporation) (Commission File Number) (IRS Employer
Identification No.)
1200 Smith Street, Suite 1900
Houston, Texas 77002-4312
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(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 as its independent auditors
for the year ending September 30, 1996, to replace the firm of
Coopers & Lybrand L.L.P. The termination by the Company of the
engagement of Coopers & Lybrand L.L.P. will be effective upon the
completion of the current audit for the year ended September 30,
1995, and the filing of the Company's Annual Report on Form 10-K
for such year.
During the two most recent fiscal years and the subsequent
interim period through October 30, 1995, there were no
disagreements with Coopers & Lybrand L.L.P. on any matter of
accounting principles or practices, financial statement
disclosure, or audit scope or procedures, 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 two most recent fiscal years and the subsequent
interim period through October 30, 1995, the Company has not been
advised by Coopers & Lybrand L.L.P. of any of the reportable
events listed in Item 304(a)(1)(v)(A) through (D) of Regulation S-
K and during such period the Company has not consulted with
Arthur Andersen LLP regarding any matter referenced under Item
304(a)(2) of Regulation S-K.
The audit reports of Coopers & Lybrand L.L.P. on the
consolidated financial statements of the Company as of and for
the fiscal years ended September 30, 1993 and 1994, 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 explanatory paragraphs noting
that the Company changed its method of accounting for
postretirement benefits other than pensions effective October 1,
1991 and that the Company changed its method of accounting for
income taxes effective October 1, 1993. As of October 30, 1995,
Coopers & Lybrand L.L.P. was in the process of completing its
audit of the consolidated financial statements of the Company for
the fiscal year ended September 30, 1995 and accordingly the
audit report for such period had not been issued. The Company
does not anticipate that the report of Coopers & Lybrand L.L.P.
on those financial statements will contain any adverse opinion,
disclaimer, qualification or modification of the types described
above.
The Company has requested that Coopers & Lybrand L.L.P.
furnish 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 L.L.P.'s letter is attached as Exhibit 16 to
this Report on Form 8-K.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
16. Letter from Coopers & Lybrand L.L.P. dated October 30, 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: October 30, 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
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16 Letter from Coopers & Lybrand L.L.P. dated
October 30, 1995. 5
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EXHIBIT 16
October 30, 1995
Securities and Exchange Commission
450 5th Street, N.W.
Washington, DC 20549
Gentlemen:
We have read the statements made by Sterling Chemicals, Inc.,
(copy attached) 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 for the month of October, 1995. We
agree with the statements concerning our Firm in such Form 8-K.
Very truly yours,
Coopers & Lybrand L.L.P.
