SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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): July 30, 2002
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HAUSER, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-17174 84-0926801
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(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
20710 S. Alameda Street
Long Beach, California 90810
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(Address of principal executive offices) Zip Code
Registrant's telephone number, including area code: (310) 637-9566
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Item 4. Changes In Registrant's Certifying Accountant.
On July 30, 2002, at the recommendation of the Audit Committee, the Board
of Directors of Hauser, Inc. (the "Company") determined that it will no longer
engage Arthur Andersen LLP ("Arthur Andersen") as the Company's independent
public accountants.
Arthur Andersen's reports on the financial statements for each of the
fiscal years ended March 31, 2002 and March 31, 2001 contained a disclaimer of
opinion and were qualified as to uncertainty, audit scope and accounting
principles. Specifically, Arthur Andersen's reports on the financial statements
for each of the fiscal years ended March 31, 2002 and March 31, 2001 were
prepared assuming that the Company would continue as a going concern.
Additionally, such financial statements did not include any adjustments relating
to the recoverability and classification of asset carrying amounts or the amount
and classification of liabilities that might result should the Company be unable
to continue as a going concern. During the fiscal years ended March 31, 2002 and
March 31, 2001, and in the subsequent period through the date hereof, there were
no disagreements with Arthur Andersen on any matters of accounting principles or
practices, financial statement disclosure, or auditing scope and procedures
which, if not resolved to the satisfaction of Arthur Andersen, would have caused
it to make reference to the matter in connection with their report on the
financial statements. Additionally, during such periods there were no reportable
events as defined in Item 304(a)(1)(v) of Regulation S-K.
The Company requested that Arthur Andersen furnish it with a letter
addressed to the Securities and Exchange Commission stating whether it agrees
with the above statements, and, if not, stating the respects in which it does
not agree. A representative of Arthur Andersen has informed the Company that
Arthur Andersen no longer has the ability to furnish such letters. Accordingly,
pursuant to Item 304T of Regulation S-K, no response from Arthur Andersen has
been filed as an exhibit hereto.
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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.
HAUSER, INC.
Dated: August 6, 2002 By: /s/ Kenneth C. Cleveland
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Name: Kenneth C. Cleveland
Title: President and Chief
Executive Officer