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): June 13, 2002
REX STORES CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 0-13283 31-1095548
(State or other jurisdiction (Commission File No.) (IRS Employer Identification No.)
of incorporation)
2875 Needmore Road, Dayton, Ohio 45414
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (937) 276-3931
Item 4. Changes in Registrant's Certifying Accountant.
On June 13, 2002, the Board of Directors of REX Stores Corporation (the
"Company") voted to approve the engagement of Deloitte & Touche LLP as its
independent auditor for the year ending January 31, 2003, subject to customary
client acceptance procedures, and to dismiss the firm of Arthur Andersen LLP.
The decision to change accountants was recommended and approved by the Audit
Committee of the Board of Directors.
The reports of Arthur Andersen LLP on the Company's financial
statements for the years ended January 31, 2002 and 2001 did not contain an
adverse opinion or a disclaimer of opinion and were not qualified or modified as
to uncertainty, audit scope or accounting principles.
In connection with the audits of the Company's financial statements for
the years ended January 31, 2002 and 2001, and through the date of this report,
there have been no disagreements with Arthur Andersen LLP on any matter of
accounting principles or practices, financial statement disclosure, or auditing
scope or procedure, which, if not resolved to the satisfaction of Arthur
Andersen LLP, would have caused Arthur Andersen LLP to make reference thereto in
its report on the Company's financial statements for such years.
No event of the type described in Item 304(a)(1)(v) of Regulation S-K
occurred during the period described above.
Prior to the Board's determination to engage Deloitte & Touche LLP as
its independent auditors for the year ending January 31, 2003, Deloitte & Touche
LLP was not consulted on accounting treatment and disclosure requirements.
The Company provided Arthur Andersen LLP a copy of this Form 8-K prior
to its filing with the Securities and Exchange Commission. The Company has
requested Arthur Andersen LLP to furnish it a letter addressed to the Securities
and Exchange Commission stating whether it agrees with the above statements. A
copy of that letter dated June 13, 2002 is filed as an exhibit to this report.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
The following exhibits are filed herewith:
16(a) Letter from Arthur Andersen LLP to the Securities and Exchange
Commission, dated June 13, 2002, regarding its agreement with
the statements made in this report on Form 8-K.
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.
REX STORES CORPORATION
Date: June 13, 2002 By: /s/ Stuart A. Rose
---------------------------------
Name: Stuart A. Rose
Title: Chairman of the Board and
Chief Executive Officer