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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)
November 30, 2000
Key Production Company, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 001-11769 84-1089744
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(State of incorporation) (Commission file number) (IRS Employer
Identification No.)
707 Seventeenth Street, Suite 3300 Denver, Colorado 80202-3404
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(Address of principal executive offices) (Zip Code)
303/295-3995
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(Registrant's telephone number)
Not Applicable
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(Former name and address)
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Item 4. Changes in Registrant's Certifying Accountant
In connection with an Agreement and Plan of Merger dated August 28,
2000 between Key Production Company, Inc. and Columbus Energy Corp.,
Arthur Andersen Global Corporate Finance rendered a fairness opinion
to Columbus' board of directors. Arthur Andersen Global Corporate
Finance is a division of Arthur Andersen LLP, Key's independent
auditors. Rules governing the accounting profession preclude certain
activities by auditors. Services provided to Columbus are
incompatible with Arthur Andersen's ability to act as independent
auditors for the combined company. As a result, Key and Arthur
Andersen determined that Arthur Andersen should resign as Key's
auditor. Arthur Andersen delivered its letter of resignation to Key
on November 30, 2000. Key's Audit Committee is currently seeking new
auditors to serve as Key's certifying accountant with respect to
fiscal 2000 and subsequent periods.
Key has never had any disagreement with Arthur Andersen on any matter
of accounting principles, financial statement disclosure, or auditing
scope or procedures, which disagreement if not resolved to the
satisfaction of Arthur Andersen, would have caused Arthur Andersen to
make reference to the subject matter of the disagreement in
connection with its report. Arthur Andersen has audited Key's
financial statements since Key's incorporation in 1988. Arthur
Andersen's reports on the Company's financial statements have never
contained an adverse opinion or disclaimer of opinion and were not
qualified as to audit scope or accounting principles.
Item 7. Financial Statements and Exhibits
c. Exhibits
Exhibit No. Description
16 Letter regarding Change in Certifying Independent Accountant
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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 hereunto duly authorized.
Date: November 30, 2000
KEY PRODUCTION COMPANY, INC.
By: /s/ Paul J. Korus
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Name: Paul J. Korus
Title: Chief Financial Officer
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