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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
Date of Report (Date of earliest event reported): August 24, 1998.
Pepsi-Cola Puerto Rico Bottling Company
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(Exact name of registrant as specified in its charter)
Delaware 1-13914 ###-##-####
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(State or other Jurisdiction (Commission File (I.R.S. Employer
of incorporation) Number) Identification No.)
Carretera 865 Km. 0.4
Bo. Candelaria Arenas
Toa Baja, Puerto Rico 00949
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(Address of principal executive offices)
Registrant's telephone no., including area code: (787) 251-2000
Not Applicable
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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.
On August 24, 1998, Pepsi-Cola Puerto Rico Bottling Company (the "Company")
engaged Arthur Andersen LLP ("Arthur Andersen") as its principal independent
accountants to audit its financial statements. On the same date, the Company
informed KPMG Peat Marwick LLP ("KPMG") that KPMG would no longer serve as the
Company's independent auditor. The replacement of KPMG by Arthur Andersen was
approved by the Company's Board of Directors on August 5, 1998.
KPMG's reports on the Company's financial statements for the past two
fiscal years have not contained an adverse opinion or a disclaimer of opinion
and were not qualified or modified as to uncertainty, audit scope or accounting
principles. There have been no disagreements, during or subsequent to the
Company's past two fiscal years to August 24, 1998, between the Company and KPMG
on any matter of accounting principles or practices, financial statement
disclosure or auditing scope or procedure, which, if not resolved to KPMG's
satisfaction, would have caused KPMG to make reference to the subject matter of
such disagreements in connection with its report.
ITEM 7. Financial Statements and Exhibits
(a) Exhibits.
The following exhibit is filed with this report.
Exhibit Number Description
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16 Letter from KPMG Peat Marwick LLP
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Company has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
Date: August 28, 1998
Pepsi-Cola Puerto Rico Bottling Company
By: /s/ John F. Bierbaum
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John F. Bierbaum
Chief Financial Officer
2
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EXHIBIT INDEX
Exhibit Number Description
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16 Letter from KPMG Peat Marwick LLP
3
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KPMG PEAT MARWICK LLP
P.O. Box 364089 Telephone 787 756 6020 Fax: 787 754 6175
San Juan, PR 00936-4089
August 28, 1998
CERTIFIED MAIL
Office of the Chief Accountant
SECPS Letter Files
Securities and Exchange Commission
Mail Stop 9-5
450 Fifth Street, N.W.
Washington, D.C. 20549
Ladies and Gentlemen:
We were previously principal accountants for Pepsi-Cola Puerto Rico Bottling
Company and, under the date of December 5, 1997, we reported on the consolidated
financial statements of Pepsi-Cola Puerto Rico Bottling Company and subsidiaries
as of and for the years ended September 30, 1997 and 1996. On August 24, 1998,
our appointment as principal accountants was terminated. We have read Pepsi-
Cola Puerto Rico Bottling Company's statements included under Item 4 of its Form
8-K dated August 28, 1998, and we agree with such statements, except that we are
not in a position to agree or disagree with Pepsi-Cola Puerto Rico Bottling
Company's statement that the change was recommended by the board of directors.
Very truly yours,
/s/ KPMG Peat Marwick LLP
