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: December 16, 1998
(Date of earliest event reported)
LUNAR Corporation
(Exact name of Registrant as specified in its charter)
WISCONSIN 0-18643 39-1200501
(State or other jurisdiction of (Commission (IRS Employer
Incorporation or organization) File Number) Identification Number)
313 West Beltline Highway
Madison, Wisconsin 53713
(Address of principal executive offices)
(ZIP Code)
608-274-2663
(Registrant's telephone number, including area code)
Item 4. Changes in Registrant's Certifying Accountant.
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a. On December 16, 1998, the Registrant engaged the accounting
firm of Arthur Andersen LLP as Registrant's independent
accountants. The Registrant, on that same date, also informed
KPMG Peat Marwick LLP of their dismissal effective December 16,
1998. The decision to change independent accountants was made
upon the recommendation of the Audit Committee of the
Registrant's Board of Directors.
b. During the two most recent fiscal years ended June 30, 1998 and
1997 and interim periods subsequent to June 30, 1998, there
were no disagreements with KPMG Peat Marwick LLP on any matter
of accounting principles or practices, financial statement
disclosure or auditing scope or procedure.
c. KPMG Peat Marwick LLP's report on the Registrant's financial
statements for the past two fiscal years did not contain an
adverse opinion or a disclaimer of opinion and was not
qualified or modified as to uncertainty, audit scope or
accounting principles.
d. During the two most recent fiscal years and interim periods
subsequent to June 30, 1998 there were no reportable events [as
defined in Regulation S-K Item 304(a)(1)(v)].
e. The Registrant has requested that KPMG Peat Marwick LLP furnish
it with a letter addressed to the SEC stating whether it agrees
with the above statements. A copy of the letter dated December
21, 1998 is filed as Exhibit 16 to this Form 8-K.
f. During the two most recent fiscal years and interim periods
subsequent to June 30, 1998 and prior to employing Arthur
Andersen LLP, neither the Registrant nor anyone on its behalf
consulted Arthur Andersen LLP regarding the application of
accounting principles to a specified transaction, either
completed or proposed, or the type of audit opinion that might
be rendered on the Registrant's financial statements or any
matter that was either the subject of a disagreement [as
defined in Regulation S-K Item 304(a)(1)(14)] or a reportable
event.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
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(c) Exhibits Exhibit No. Description
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16 Letter from KPMG Peat Marwick LLP dated December
21, 1998.
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.
LUNAR Corporation
-----------------
(Registrant)
Date: December 23, 1998
/s/ Richard B. Mazess
-----------------
Richard B. Mazess, Ph.D.
President
(Principal Executive
Officer)
Date: December 23, 1998
/s/ Robert A. Beckman
-----------------
Robert A. Beckman
Vice President of Finance
and Treasurer
(Principal Financial and
Accounting Officer)
KPMG Peat Marwick LLP Letterhead
December 21, 1998
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Ladies and Gentlemen:
We were previously principal accountants for Lunar Corporation and, under the
date of July 24, 1998, we reported on the consolidated financial statements of
Lunar Corporation and subsidiaries as of and for the years ended June 30, 1998
and 1997. On December 16, 1998, our appointment as principal accountants was
terminated. We have read Lunar Corporation's statements included under Item
4 of its Form 8-K dated December 16, 1998, and we agree with such statements,
except that we are not in a position to agree or disagree with Lunar
Corporation'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 specified transaction
or the type of audit opinion that might be rendered on Lunar Corporation's
financial statements.
Very truly yours,
/s/ KPMG Peat Marwick LLP
