UNITED STATES
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 - October 8, 1999 Commission File No. 1-
10892
HAROLD'S STORES, INC.
(Exact name of registrant as specified in its charter)
Oklahoma 73-1308796
(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
765 Asp Norman, Oklahoma 73069 (405) 329-4045
(Address of principal executive (Registrant's
offices) telephone number,
(Zip Code) including area
code)
This Amendment No. 1 supplements the Current Report on Form 8-K filed
effective October 1, 1999 (the "Form 8-K") by Harold's Stores, Inc.
("Harold's"). At the time of filing, the Form 8-K did not include specific
information required by Regulation S-K. The previously omitted information
is included below.
Item 4. - Changes in Registrant's Certifying Accountant
(a) On September 28, 1999, the Registrant informed KPMG LLP (Oklahoma
City, Oklahoma office) of its decision to retain another independent public
accountant for the examination of its financial statements for fiscal year
ended January 29, 2000. KPMG LLP was dismissed by Harold's on September
28, 1999.
(b) During the last two most recent fiscal years and the interim period
through September 28, 1999, there were no disagreements with KPMG LLP on
matters of accounting principles or practices, financial statement
disclosure, or auditing scope or procedure which disagreement(s), if not
resolved to the satisfaction of KPMG LLP, would have caused them to make
reference to the subject matter of the disagreement(s) in connection with
their report. In addition, during such period, there have been no
"reportable events" with KPMG LLP as described in Items 304(a) (i) (v) of
Regulation S-K.
(c) KPMG LLP's report on the financial statements of the Registrant for
the last two most recent fiscal years contained unqualified opinions.
(d) A copy of KPMG LLP's letter directed to the Securities and Exchange
Commission is attached as an exhibit to this report on Form 8-K.
(e) The change in the independent public accountants was recommended by
the Audit Committee of the Board of Directors.
(f) On September 28, 1999, the Registrant notified Arthur Andersen LLP
(Oklahoma City, Oklahoma office) of its intention to retain such firm as
independent public accountants for the examination of its financial
statements for the fiscal year ending January 29, 2000.
(g) During the last two most recent calendar years and through the date of
this report, Registrant did not consult Arthur Andersen LLP on either the
application of accounting principles to a completed or proposed specific
transaction, or on the type of audit opinion that might be rendered on
Registrant's financial statements.
Item 7. - Financial Statements and Exhibits
(c) Exhibits
99.1 Letter dated October 8, 1999 from KPMG LLP stating whether it agrees
with the statements set forth in Item 4 of this form 8-K/A.
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.
HAROLD'S STORES, INC.
By:/s/H. Rainey Powell
H. Rainey Powell
President, Chief Operating Officer
By:/s/Jodi L. Taylor
Jodi L. Taylor
Chief Financial Officer
October 8, 1999
Harold's Stores, Inc.
FORM 8-K/A
Date of Report: October 8, 1999
EXHIBIT INDEX
Item 7(c) Exhibits
99.1 Letter dated October 8, 1999 from KPMG LLP stating whether it agrees
with the statements set forth in Item 4 of this form 8-K/A.
EXHIBIT 99.1
October 8, 1999
Securities and Exchange Commission
Washington, D.C. 20549
Ladies and Gentlemen:
We were previously principal accountants for Harold's Stores, Inc.
and, under the date of March 15, 1999, we reported on the consolidated
financial statements of Harold's Stores, Inc. and subsidiaries as of
January 30, 1999 and January 31, 1998, and for the 52 week periods
ended January 30, 1999, January 31, 1998, and February 1, 1997. On
September 28, 1999, our appointment as principal accountants was
terminated. We have read Harold's Stores, Inc. statements included
under Item 4 of its Form 8-K dated October 8, 1999, and we agree with
such statements, except that we are not in a position to agree or
disagree with Harold's Stores, Inc.'s statements that the change was
recommended by the audit committee of the board of directors or that
Arthur Andersen LLP was not engaged regarding the application of
accounting principles to a specific transaction or type of audit
opinion that might be rendered on Harold's Stores, Inc. consolidated
financial statements.
Very truly yours,
/s/KPMG LLP
