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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: July 24, 1998
(Date of earliest event reported)
OEC COMPRESSION CORPORATION
(Exact name of Registrant as specified in its charter)
Oklahoma 0-18205 73-1345732
(State of Incorporation) (Commission File No.) (I.R.S Employer
Identification No.)
2501 Cedar Springs Road
Suite 600
Dallas, Texas 75201
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, Including Area Code
(214) 953-9560
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ITEM 4. CHANGE OF REGISTRANT'S CERTIFYING ACCOUNTANT
On July 16, 1998, the executive committee of the board of directors and
the audit committee of the registrant determined to engage Arthur Andersen,
LLP as its independent auditors for the fiscal year ending December 31, 1998.
On July 24, 1998, the registrant orally notified PriceWaterhouseCoopers, LLP
("PWC"); its independent auditor for the fiscal years ending December 31,
1997 and 1996 of this determination and that PWC would not continue to be
engaged for the fiscal year ending December 31, 1998. The determination to
replace PWC was made by the audit committee and the executive committee of
the board of directors of the registrant.
The reports of PWC for the fiscal years ended December 31, 1997 and 1996
contained no adverse opinion or disclaimer of opinion and were not qualified
or modified as to uncertainty, audit scope or accounting principles. During
the fiscal years ended December 31, 1997 and 1996 and during the period from
December 31, 1997 to July 24, 1998, there were no disagreements between the
registrant and PWC concerning accounting principles or practices, financial
statement disclosure, or auditing scope or procedure.
ITEM 7. EXHIBITS
Exhibit No. Description
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16. Letter regarding change in registrant certifying accountants.
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.
OEC COMPRESSION CORPORATION
By: /s/ Jack Brannon
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Jack Brannon, Vice President,
Chief Financial Officer and
Treasurer
Date: August 7, 1998
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PricewaterhouseCoopers LLP
Warren Place II
Suite 1850
6120 South Yale
Tulsa, OK 74136
Telephone (918)524-1200
Facsimile (918)524-1300
July 30, 1998
Securities and Exchange Commission
450 Fifth Street N.W.
Washington, D.C. 20549
Gentlemen:
We have read the statements made by OEC Compression Corporation (copy attached)
which we understand will be filed with the Commission, pursuant to Item 4 of
8-K, as part of the Company's Form 8-K Report for the month of July, 1998. We
agree with the statements concerning our Firm in such Form 8-K.
Sincerely,
PricewaterhouseCoopers LLP
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