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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
C U R R E N T R E P O R T
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
November 18, 1996
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Date of Report (date of earliest event reported)
Savannah Foods & Industries, Inc.
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(Exact Name of Registrant As Specified In Its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
1-11420 58-1089367
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(Commission File Number) (IRS Employer Identification No.)
Post Office Box 339, Savannah, Georgia 31402
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(Address of Principal Executive Offices) (Zip Code)
(912) 234-1261
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(Registrant's Telephone Number, Including Area Code)
NOT APPLICABLE
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(Former Name Or Former Address, If Changed Since Last Report)
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Item 4. Change in Registrant's Certifying Accountant
On October 24, 1996, Savannah Foods & Industries, Inc. filed a Form 8-K
stating that on October 17, 1996, it notified Price Waterhouse LLP that it
would be dismissed as the Registrant's independent accountants upon completion
of its audit of the consolidated financial statements as of and for the fiscal
year ended September 29, 1996. This audit was completed on November 18, 1996
and the audit opinion will be filed with Form 10-K on or before December 30,
1996.
The reports of Price Waterhouse LLP on the consolidated financial
statements of Savannah Foods & Industries, Inc. as of and for the fiscal year
ended September 29, 1996 contained no adverse opinion or disclaimer of opinion
and was not qualified or modified as to uncertainty, audit scope or accounting
principle.
In connection with its audit for the fiscal year ended September 29, 1996
and through November 18, 1996, there have been no disagreements with Price
Waterhouse LLP on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure, which disagreements if
not resolved to the satisfaction of Price Waterhouse LLP would have caused them
to make reference thereto in their report on the consolidated financial
statements for such year.
During the fiscal year ended September 29, 1996 and through November 18,
1996, there have been no reportable events (as defined in Regulation S-K Item
304(a)(1)(v)).
The Registrant has requested that Price Waterhouse LLP furnish it with a
letter addressed to the SEC stating whether or not it agrees with the above
statements. A copy of such letter, dated November 18, 1996, is filed as Exhibit
16-1 to this Form 8-K.
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Item 7. Financial Statements and Exhibits
(a) Financial statements of businesses acquired - not applicable.
(b) Pro forma financial information - not applicable.
(c) Exhibits:
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Page Exhibit
No. Number Description
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5 16-1 Letter re: change in certifying 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.
Savannah Foods & Industries, Inc.
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(Registrant)
Date: November 22, 1996
----------------- /S/ Gregory H. Smith
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Gregory H. Smith
Senior Vice President
Chief Financial Officer and Treasurer
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EXHIBIT 16.1
[Price Waterhouse LLP LETTERHEAD]
November 18, 1996
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Ladies and Gentlemen:
We have read Item 4 of Savannah Foods & Industries, Inc.'s Form 8-K dated
November 18, 1996 and are in agreement with the statements contained therein.
Yours very truly,
/s/Price Waterhouse LLP
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Price Waterhouse LLP
cc: Gregory H. Smith
Senior Vice President Chief Financial Officer and Treasurer
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