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 10, 1999
SOLA INTERNATIONAL INC.
(Exact name of registrant as specified in its charter)
DELAWARE 94-3189941
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification Number)
2420 SAND HILL ROAD, SUITE 200
MENLO PARK, CA 94025
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (650) 324-6868
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
(a) (i) Effective November 10, 1999, the Company has chosen not to
extend the engagement of Ernst & Young LLP as the Company's
independent accountants.
(ii) The reports of Ernst & Young LLP on the Company's consolidated
financial statements for the fiscal years ended March 31, 1999
and 1998 did not contain an adverse opinion or disclaimer of
opinion and were not qualified or modified as to uncertainty,
audit scope or accounting principles.
(iii) The decision to change independent accountants was approved by
the Board of Directors.
(iv) During the Company's two most recent fiscal years and through
the date of this report, there were no disagreements with
Ernst & Young 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 Ernst & Young LLP would have caused Ernst &
Young LLP to make reference to the matter in their report
(v) The Company has requested that Ernst & Young LLP furnish it
with a letter addressed to the Securities and Exchange
Commission stating whether it agrees with the above
statements. A copy of that letter dated November 10, 1999 is
filed as Exhibit 16 to this Form 8-K.
(b) (i) The Company engaged PricewaterhouseCoopers LLP as its new
independent accountant effective November 10, 1999.
During the Company's fiscal years ended March 31, 1999 and
1998 and through the date of engagement of
PricewaterhouseCoopers LLP, the Company has not consulted with
PricewaterhouseCoopers LLP on items which (1) were or should
have been subject to SAS 50 or (2) concerned the subject
matter of a disagreement or reportable event with the former
auditor (as described in Item 304 (a) (2) of Regulation S-K).
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
Exhibit 16 Letter from Ernst & Young LLP to the Securities and Exchange
Commission included herein pursuant to the requirements of
Item 304 (a) (3) of Regulation S-K.
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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.
SOLA INTERNATIONAL INC.
BY: /s/ Steven M. Neil
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Name: Steven M. Neil.
Title: Executive Vice President and
Chief Financial Officer
November 10, 1999
EXHIBIT 16
(ERNST & YOUNG LETTERHEAD)
November 10, 1999
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Gentlemen:
We have read Item 4 of Form 8-K dated November 10, 1999, of Sola International
Inc. and are in agreement with the statements contained in paragraphs (a) (ii),
(a) (iv), and (a) (v) on page 2 therein. We have no basis to agree or disagree
with the other statements of the registrant contained therein.
/s/ Ernst & Young LLP
