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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 SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) October 20, 2000
Borders Group, Inc.
(Exact name of registrant as specified in its charter)
Michigan 1-13740 38-3196915
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(State or other juris- (Commission (IRS Employer
diction of incorporation) File Number) Identification (No.)
500 East Washington Street, Ann Arbor, Michigan 48104
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 734-477-1100
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(Former name or former address, if changed since last report.)
(End of cover page)
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Item 4. Changes in Registrant's Certifying Accountants
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On October 20, 2000, the Company's Board of Directors, acting upon the
recommendation of the Audit Committee of the Board, voted to dismiss its
independant accountant, PricewaterhouseCoopers LLP ("PwC"). The reports of PwC
on Company's financial statements for the 1999 and 1998 fiscal years did not
contain any adverse opinion or a disclaimer of opinion and were not qualified or
modified as to uncertainty, audit scope or accounting principles. During the
1999 or 1998 fiscal years and the period through October 20, 2000, there were no
disagreements between the Company and PwC 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 PwC, would have
caused it to make reference to the subject matter of the disagreements in
connection with its reports on financial statements. In addition, during the
1998 and 1999 fiscal years and the period through October 20, 2000, there were
no "reportable events" within the meaning of Item 304 of the Securities and
exchange Commission's regulation S-K.
The Company retained the accounting firm of Ernst & Young LLP (E&Y) on
October 20, 2000, to make an examination of the financial statements of the
Company for the 2000 fiscal year.
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 thereto duly authorized.
BORDERS GROUP, INC.
(Registrant)
Date: October 25, 2000 By: /s/ Edward W. Wilhelm
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Edward W. Wilhelm
Senior Vice President and Chief
Financial Officer
(Principal Financial and
Accounting Officer)
