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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
October 17, 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
(a) Previous independent accountants
On October 17, 1996, Savannah Foods & Industries, Inc. 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.
The reports of Price Waterhouse LLP on the consolidated financial
statements of Savannah Foods & Industries, Inc. as of and for the fiscal years
ended October 1, 1995 and October 2, 1994 contained no adverse opinion or
disclaimer of opinion and were not qualified or modified as to uncertainty,
audit scope or accounting principle.
The Registrant's Audit Committee and Board of Directors made and approved
the decision to change independent accountants.
In connection with its audits for the fiscal years ended October 1, 1995
and October 2, 1994 and through October 17, 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 years.
During the fiscal years ended October 1, 1995 and October 2, 1994 and
through October 17, 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 October 22, 1996, is filed as Exhibit
16-1 to this Form 8-K.
(b) New independent accountants
As of the date of this Form 8-K, the Registrant has not engaged new
independent accountants. The Registrant's Audit Committee and Board of
Directors plan to select and approve new independent accountants at their
December 1996 meetings.
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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: October 23, 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
October 22, 1996
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Ladies and Gentlemen:
Savannah Foods & Industries, Inc.
We have read Item 4 of Savannah Foods & Industries, Inc.'s Form 8 K dated
October 17, 1996 and are in agreement with the statements contained in
paragraph 4 (a) therein.
Yours very truly,
/s/Price Waterhouse LLP
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Price Waterhouse LLP
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