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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
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Date of Report: October 20, 1999
(Date of earliest event reported)
DIGITAL GENERATION SYSTEMS, INC.
(Exact name of registrant as specified in its charter)
California 000-27644 94-3140772
(State or other jurisdiction (Commission file (I.R.S. employer
of incorporation) number) identification no.)
875 Battery Street
San Francisco, California 94111
(Address of principal executive offices)
(415) 276-6600
(Registrant's telephone number,
including area code)
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Item 4. Changes in Registrant's Certifying Accountant
Arthur Andersen LLP resigned as the Company's certifying accountant on
October 20, 1999. Effective October 27, 1999, the Company appointed KPMG, LLP as
the Company's certifying accountant, and KPMG's acceptance is subject to
finalization of its standard prospective client evaluation procedures. The
change of certifying accountant has been approved by the Audit Committee of the
Board of Directors.
Arthur Andersen's reports on the consolidated financial statements of the
Company and its subsidiaries as of and for the years ended December 31, 1998 and
1997, were unqualified. There were no disagreements between the Company and
Arthur Andersen on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure or reportable events during
such periods or through the interim period ended October 20, 1999 (the date of
the resignation).
Arthur Andersen has reviewed this report. In this regard, Arthur Andersen
has provided the Company with the letter attached hereto as Exhibit 16.1.
Item 7. Financial Statements and Exhibits.
(a) Financial statements of businesses acquired: Not applicable.
(b) Pro forma financial information: Not applicable.
(c) Exhibits:
16.1 -- Letter from Arthur Andersen LLP dated October 27, 1999
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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.
DIGITAL GENERATION SYSTEMS, INC.
Dated: October 27, 1999 By: /s/ OMAR CHOUCAIR
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Omar Choucair
Chief Financial Officer
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EXHIBIT INDEX
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Exhibit Description
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16.1 Letter from Arthur Andersen LLP dated October 27, 1999
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EXHIBIT 16.1
October 27, 1999
Office of the Chief Accountant
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Dear Sir/Madam:
We have read the three paragraphs of Item 4 included in the Form 8-K dated
October 27, 1999 of Digital Generation Systems to be filed with the Securities
and Exchange Commission and are in agreement with the statements contained
therein.
Very truly yours,
/s/ ARTHUR ANDERSEN LLP
ARTHUR ANDERSEN LLP
Copy to:
Mr. Omar Choucair, Digital Generation Systems
