UNITED STATES
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): MAY 16, 2002
LEAR CORPORATION SALARIED RETIREMENT SAVINGS PLAN
LEAR CORPORATION HOURLY RETIREMENT SAVINGS PLAN
LEAR CORPORATION HOURLY 401(k) SAVINGS PLAN
(Exact name of Registrant as specified in its charter)
DELAWARE 1-11311 13-3386776
(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification
incorporation) Number)
21557 TELEGRAPH ROAD, SOUTHFIELD, MICHIGAN 48034
(Address of principal executive offices) (Zip Code)
(248) 447-1500
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
ITEM 4. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT
On May 16, 2002, Lear Corporation (the "Company"), as the Plan Administrator of
the Lear Corporation Salaried Retirement Savings Plan, the Lear Corporation
Hourly Retirement Savings Plan and the Lear Corporation Hourly 401(k) Savings
Plan (each a "Plan" and collectively, the "Plans"), decided to no longer engage
Arthur Andersen LLP ("Arthur Andersen" or "AA") as the independent public
accountants for each Plan and engage PricewaterhouseCoopers LLP ("PWC") to serve
as the independent public accountants for each Plan for the fiscal year ended
December 31, 2001.
Arthur Andersen's reports on the Plans' financial statements for each of the
years ended December 31, 2000 and 1999 did not contain an adverse opinion or
disclaimer of opinion, nor were they qualified or modified as to uncertainty,
audit scope or accounting principles.
During the years ended December 31, 2000 and 1999 and through May 16, 2002,
there were no disagreements with Arthur Andersen on any matter of accounting
principle or practice, financial statement disclosure or auditing scope or
procedure which, if not resolved to AA's satisfaction, would have caused them to
make reference to the subject matter in connection with their report on the
Plans' financial statements for such years; and there were no reportable events
as defined in Item 304(a)(1)(v) of Regulation S-K.
The Company provided Arthur Andersen with a copy of the foregoing disclosures.
Attached as Exhibit 16.1 is a copy of AA's letter, dated May 21, 2002, stating
its agreement with such statements.
During the years ended December 31, 2000 and 1999 and through the date of the
Company's decision, the Company did not consult PWC with respect to the
application of accounting principles to a Plan specified transaction, either
completed or proposed, the type of audit opinion that might be rendered on the
Plans' financial statements or any other matters or reportable events as set
forth in Items 304(a)(2)(i) and (ii) of Regulation S-K.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
Exhibit 16.1 Letter from Arthur Andersen LLP to the Securities and
Exchange Commission dated May 21, 2002, filed herewith.
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.
LEAR CORPORATION SALARIED RETIREMENT SAVINGS PLAN
LEAR CORPORATION HOURLY RETIREMENT SAVINGS PLAN
LEAR CORPORATION HOURLY 401(k) SAVINGS PLAN
BY: LEAR CORPORATION, AS PLAN
ADMINISTRATOR OF THE FOREGOING PLANS
Date: May 23, 2002 By: /s/ Joseph F. McCarthy
-----------------------------------------
Name: Joseph F. McCarthy
Title: Vice President, Secretary and General
Counsel
EXHIBIT INDEX
Exhibit Number Description
16.1 Letter from Arthur Andersen LLP to the
Securities and Exchange Commission
dated May 21, 2002.