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): JULY 27, 2001
001-13195
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(Commission File Number)
INDUSTRIAL DISTRIBUTION GROUP, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE NO. 58-2299339
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(State or other jurisdiction (I.R.S. Employer
of incorporation) Identification No.)
950 EAST PACES FERRY ROAD, SUITE 1575, ATLANTA, GEORGIA 30326
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(Address of principal executive offices and zip code)
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
(a) Effective July 23, 2001, the Audit Committee of the Board of Directors
of Industrial Distribution Group, Inc.("IDG" or the "Registrant")
engaged the accounting firm of Ernst & Young LLP as independent public
accountants for the Registrant for the year ending December 31, 2001.
Arthur Andersen LLP was dismissed effective July 23, 2001. The change
was recommended by management and approved by IDG's Audit Committee of
the Board of Directors.
(b) During the two most recent fiscal years and subsequent interim period
preceding the date of this report there were no disagreements with
Arthur Andersen LLP on any matter of accounting principles or
practices, financial statement disclosure, auditing scope or procedure,
or any reportable events.
(c) The report of Arthur Andersen LLP on the financial statements of the
Registrant for the past two years contained no adverse opinion or
disclaimer of opinion and was not qualified or modified as to
uncertainty, audit scope or accounting principles.
(d) The Registrant has not consulted with Ernst & Young LLP during the last
two years or subsequent interim period on either the application of
accounting principles or type of opinion Ernst & Young LLP might issue
on the Registrant's financial statements.
(e) The Registrant requested Arthur Andersen LLP to furnish a letter
addressed to the SEC stating whether Andersen agrees with the above
statements. A copy of this letter to the SEC, dated July 27, 2001, is
filed as Exhibit 16 to this Form 8-K.
ITEM 7. EXHIBITS
Exhibit 16 - Letter of Arthur Andersen LLP regarding change in certifying
accountant.
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 thereunto duly authorized, and in the capacity indicated.
JULY 27, 2001
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(Date)
Industrial Distribution Group, Inc.
By: /s/ Jack Healey
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Jack P. Healey
Senior Vice President and
Chief Financial Officer
(Duly Authorized Officer and
Principal Accounting and Financial Officer)