8-K Announcing Dismissal of Independent Auditors
UNITED STATES
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):
May 15, 2002
Commission File Number 000-23087
Startec Global Communications Corporation
(Exact name of Registrant as specified in its charter)
Delaware 52-2099559
(State or other jurisdiction of (I.R.S. Employer Identification No.)
Incorporation or organization)
1151 Seven Locks Road
Potomac, MD 20854
(Address of Principal Executive (Zip Code)
Offices)
(301) 610-4300
(Registrant's telephone number, including area code)
Item 4. Changes in Registrant's Certifying Accountant.
On May 15, 2002, we dismissed Arthur Andersen LLP as our independent
public accountants. The Board of Directors approved the dismissal of Arthur
Andersen LLP upon the recommendation of our Audit Committee.
Arthur Andersen LLP has been our independent public accountants since
1997 and their report on our financial statements for the fiscal years
ended December 31, 2000 and 1999 contains no adverse opinion or disclaimer
of opinion and was not qualified or modified as to uncertainty, audit scope
or accounting principles. The audit report for the year ended December 31,
2000, however, did contain a statement expressing substantial doubt about
our ability to continue as a going concern. An audit of our financial
statements for the fiscal year ended December 31, 2001 did not commence and
was not completed. Through the date of dismissal, we have not had any
disagreements with Arthur Andersen LLP on any matter of accounting
principles or practices, financial statement disclosure or auditing scope
or procedure, nor have we had any reportable events.
We have provided Arthur Andersen LLP with a copy of this disclosure
and have requested that Arthur Andersen furnish us with a letter addressed
to the SEC stating whether it agrees with the above statements. (A copy of
Arthur Andersen LLP's letter to the SEC, dated May 15, 2002, is filed as
Exhibit 16.1 to this Form 8-K).
Item 7. Financial Statements and Exhibits.
(c) Exhibits. The following exhibits are filed with this report:
Exhibit 16.1 - Letter from Arthur Andersen LLP to the Securities and
Exchange Commission dated May 15, 2002.
Exhibit 99 - Press Release dated May 15, 2002.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Company has duly caused this report to the signed on its behalf by the
undersigned hereunto duly authorized.
For:
Startec Global Communications Corporation and as its Chief
Financial Officer:
By: /s/ Prabhav V. Maniyar
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Date: May 15, 2002