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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 (Date of earliest event reported) MAY 21, 1999
UFP TECHNOLOGIES, 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)
1-12648 04-2314970
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(Commission File Number) (I.R.S. Employer Identification No.)
172 East Main Street, Georgetown, Massachusetts 01833
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(Address of Principal Executive Offices) (Zip Code)
(978) 352-2200
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(Registrant's Telephone Number, Including Area Code)
N/A
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
(a) Information required by Item 304(a)(1) of Regulation S-K.
i) KPMG Peat Marwick LLP was dismissed as the Registrant's
independent accountants effective as of the close of business
on May 21, 1999.
ii) The reports of KPMG Peat Marwick LLP on the consolidated
financial statements of the registrant at December 31, 1997
and December 31, 1998, and for the three years ended December
31, 1998, contain no adverse opinion or disclaimer of opinion
and were not qualified or modified as to uncertainty, audit
scope or accounting principle.
iii) The decision to change accountants was recommended by the
Audit Committee of the Registrant's Board of Directors, and
approved by the Board of Directors of the Registrant.
iv) In connection with its audits for the two most recent fiscal
years and through March 31, 1999 there have been no
disagreements with KPMG Peat Marwick LLP on any matter of
accounting principle or practice, financial statement
disclosure, or auditing scope or procedure, which
disagreements if not resolved to the satisfaction of KPMG Peat
Marwick LLP would have caused KPMG Peat Marwick LLP to make
reference thereto in their report on the financial statements
for such years.
v) During the two most recent fiscal years and through March 31,
1999 there have been no reportable events (as defined in
Regulation S-K Item 304(a)(1)(v)).
(b) Information required by Item 304(a)(2) of Regulation S-K.
The Registrant engaged Arthur Anderson LLP as its new independent
accountants as of May 21, 1999. During the most recent two fiscal years
and through March 31, 1999, the Registrant has not consulted with
Arthur Anderson LLP on items regarding either: (1) the application of
accounting principles to a specified transaction, either completed or
proposed; the type of audit opinion that might be rendered on the
Registrant's financial statements, or (2) the subject matter of a
disagreement or reportable event with the Registrant's former auditor
(as defined in Regulation S-K Item 304(a)(2)).
The Registrant has requested that KPMG Peat Marwick LLP provide it with a letter
addressed to the SEC stating whether or not it agrees with the above statements.
A copy of that letter, dated May 27, 1999, is filed as Exhibit 16 to this Form
8-K.
EXHIBITS
16. Letter from KPMG Peat Marwick LLP to the Securities and Exchange
Commission dated May 27, 1999.
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SIGNATURE
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.
Dated: May 27, 1999 UFP TECHNOLOGIES, INC.
By: /s/ Ronald J. Lataille
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Name: Ronald J. Lataille
Vice President, Treasurer and
Chief Financial Officer
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EXHIBIT 16
KPMG
99 High Street Telephone 617 988 1000
Boston, MA 02110-2371 Fax 617 988 0800
May 27, 1999
Securities and Exchange Commission
Washington, D.C. 20549
Dear Ladies and Gentlemen:
We were previously principal accountants for UFP Technologies, Inc. and, under
the date of February 25, 1999, we reported on the consolidated financial
statements of UFP Technologies, Inc. and subsidiary as of and for the years
ended December 31, 1998 and 1997. On May 21, 1999, our appointment as principal
accountants was terminated. We have read UFP Technologies, Inc.'s statements
included under item 4 of its Form 8-K dated May 21, 1999, and we agree with such
statements except that we are not in a position to agree or disagree with UFP
Technologies, Inc.'s statements contained in paragraph 2(a)(iii) and (b) of
item 4.
Very truly yours,
/s/ KPMG LLP
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KPMG LLP
