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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A#1
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) August 18, 1995
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(August 1, 1995)
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POLARIS INDUSTRIES INC.
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(Exact Name of Registrant as Specified)
Minnesota 1-11411 041-1790959
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification Co.)
1225 Highway 169 North, Minneapolis, Minnesota 55441
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(Address of Principal Executive Office)
Registrant's telephone number, including area code (612) 542-0500
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REGISTRATION AND REPORTING UNDER THE
SECURITIES EXCHANGE ACT OF 1934
CURRENT REPORTS ON FORM 8-K
Item 4. Changes in Registrant's Certifying Accountant
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(a) Previous independent public accountants
(i) On August 1, 1995, McGladrey & Pullen, LLP was dismissed as
independent public accountants for Polaris Industries Inc.
(the "Company").
(ii) The reports of McGladrey & Pullen, LLP on the financial statements
of the Company and its predecessor, Polaris Industries Partners
L.P. (the "Predecessor Partnership") for the past two fiscal years
contained no adverse opinion or disclaimer of opinion and were not
modified as to uncertainty, audit scope or accounting principle.
(iii) The Audit Committee of the Board of Directors of the Company
participated in and approved the decision to change independent
public accountants.
(iv) In connection with its audits of the Company or the Predecessor
Partnership for the two most recent fiscal years and through August
1, 1995, there have been no disagreements with McGladrey & Pullen,
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 McGladrey &
Pullen, LLP would have caused them to make reference thereto in
their report on the financial statements for such years and period.
(v) During the two most recent fiscal years and through August 1, 1995,
there have been no reportable events (as defined in Regulation S-K
304(a) (1) (v)).
(vi) The Registrant has requested that McGladrey & Pullen, 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
August 18, 1995, is filed as Exhibit 16.1 to this Form 8-K/A#1.
(b) New independent public accountants
(i) The Registrant engaged Arthur Andersen LLP as its new independent
public accountants as of August 1, 1995. During the two most
recent fiscal years and through August 1, 1995, the Registrant has
not consulted with Arthur Andersen 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 Regulation S-K Item 304(a) (2)).
(c) Exhibits
16.1 Letter from McGladrey & Pullen, LLP
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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.
POLARIS INDUSTRIES INC.
(Registrant)
Date August 18, 1995 By /s/ W. Hall Wendel, Jr.
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W. Hall Wendel, Jr.
Its Chairman and
Chief Executive Officer
Date August 18, 1995 By /s/ John H. Grunewald
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John H. Grunewald
Its Executive Vice President,
Chief Financial Officer
and Secretary
(Principal Vice President, Chief
Financial Officer and Secretary)
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[MCGLADREY & PULLEN, LLP-LETTERHEAD]
EXHIBIT 16.1
Securities and Exchange Commission
Washington, D.C. 20549
Gentlemen:
We were previously the independent accountants for Polaris Industries Inc.
and on February 2, 1995 we reported on the financial statements of Polaris
Industries Inc. as of and for the two years ended December 31, 1994. On
August 1, 1995, we were dismissed as independent accountants of Polaris
Industries Inc. We have read Polaris Industries Inc.'s statements included
under Item 4 of its Amendment No. 1 to its Form 8-K dated August 18, 1995, and
we agree with such statements.
/s/McGladrey & Pullen, LLP
Minneapolis, Minnesota
August 18, 1995
[LETTERHEAD CONTINUED]
