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):
October 11, 2001
PEAK INTERNATIONAL LIMITED
(Exact Name of Registrant as Specified in Charter)
Bermuda 0-29332 Not applicable
(State or Other (Commission File (I.R.S. Employer
Jurisdiction Number) Identification No.)
of Incorporation)
44091 Nobel Drive
P.O. Box 1767
Fremont, CA 94538
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, Including Area Code:
(510) 449-0100
ITEM 4. Changes In Registrant's Certifying Accountant.
(a) Previous Independent Accountants
(i) Deloitte Touche Tohmatsu were the independent auditors of
the Company for the financial year ended March 31, 2001.
(ii) The Company's former accountants, Deloitte Touche Tohmatsu,
declined to stand for reelection at the Company's Annual
General Meeting to be held on October 10, 2001.
(iii) The reports of Deloitte Touche Tohmatsu on the financial
statements for the past two years contained no adverse
opinion or disclaimer of opinion and were not qualified or
modified as to uncertainty, audit scope or accounting
principles.
(iv) In connection with its audits for the two most recent years
and through the subsequent interim period to the date
hereof, there have been no disagreements with Deloitte
Touche Tohmatsu on any matter of accounting principles or
practices, financial statement disclosure, or auditing
scope or procedure that, if not resolved to the
satisfaction of Deloitte Touche Tohmatsu, would require
disclosure.
(v) During the two most recent years and through the subsequent
interim period to the date hereof, there have been no
reportable events as defined in Regulation S-K Item
304(a)(1)(v).
(vi) Pursuant to Item 304(a)(3) of Regulation S-K, the Company
provided a copy of this disclosure to Deloitte Touche
Tohmatsu and requested that Deloitte Touche Tohmatsu
provide a letter addressed to the SEC stating whether or
not it agrees with the above statements. A copy of that
letter dated October 11, 2001 is filed as Exhibit 16 to
this Form 8-K.
(vii) The Audit Committee of the Company's Board of Directors
recommended and approved the decision to change independent
auditors.
(b) New Independent Accountants
The Company has engaged the firm of Arthur Andersen & Co. as its
independent auditors for the financial year ending March 31, 2002.
During the two most recent fiscal years and through the subsequent
interim period to the date hereof, the Company has not consulted
Arthur
Andersen & Co. on items which (1) concern the application of
accounting principles to a specified transaction, either completed
or proposed, or the rendering of an audit opinion of the type that
might appear on the Company's financial statements or (2) concern
a disagreement or reportable event with the former auditor as
described in Regulation S-K Item 304(a)(2).
Item 7. Financial Statements and Exhibits.
(c) Exhibits
(16) Letter from Deloitte Touche Tohmatsu regarding change in
certifying accountant.
SIGNATURE
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.
Dated: October 11, 2001
PEAK INTERNATIONAL LIMITED
By: /s/ Calvin Reed
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Calvin Reed
President and Chief Executive Officer