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): NOVEMBER 23, 2005
ACETO CORPORATION
(Exact name of registrant as specified in its charter)
NEW YORK 000-4217 11-1720520
(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification Number)
ONE HOLLOW LANE, SUITE 201
LAKE SUCCESS, NEW YORK 11042
(Address of principal executive offices) (Zip Code)
(516) 627-6000
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the Registrant under any of the
following provisions:
|_| Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 4.01 Change in Registrant's Certifying Accountant
(a) Previous Independent Accountant
On November 23, 2005, the Audit Committee of the Board of Directors
("Audit Committee") of Aceto Corporation (the "Company") dismissed KPMG
LLP ("KPMG") as the Company's independent registered public accounting
firm. The decision to change accountants was made unanimously by the
Company's Audit Committee.
The audit reports of KPMG on the Company's financial statements for the
past two fiscal years did not contain an adverse opinion or a disclaimer
of opinion and were not qualified or modified as to uncertainty, audit
scope or accounting principle. The audit report of KPMG on management's
assessment of the effectiveness of internal control over financial
reporting and the effectiveness of internal control over financial
reporting as of June 30, 2005 did not contain an adverse opinion or
disclaimer of opinion, and was not qualified or modified as to
uncertainty, audit scope or accounting principles. During the two most
recent fiscal years and through November 23, 2005, there have been no
disagreements with KPMG on any matter of accounting principles or
practices, financial statement disclosures, or auditing scope or
procedures, which disagreements, if not resolved to the satisfaction of
KPMG, would have caused KPMG to make reference to the subject matter of
the disagreement in connection with its reports on the financial
statements for such periods. During the two most recent fiscal years and
through November 23, 2005, there have been no reportable events as
defined in Item 304(a)(1)(v) of Regulation S-K.
The Company has provided KPMG with a copy of this Form 8-K and requested
that KPMG furnish it with a letter addressed to the Securities and
Exchange Commission stating whether it agrees with the statements made
by the Company herein and, if not, stating the respects in which it does
not agree. A letter from KPMG, dated as of November 29, 2005 regarding
its concurrence with these statements is attached hereto as Exhibit
16.1.
(b) New Independent Accountant
On November 23, 2005, the Audit Committee unanimously voted to engage
BDO Seidman, LLP ("BDO") as its independent registered public accounting
firm to audit the Company's financial statements and internal control
over financial reporting as of and for the year ending June 30, 2006.
The Company did not consult with BDO during the two most recent fiscal
years and through November 23, 2005 regarding either the application of
accounting principles to a specific transaction, either completed or
proposed, or the type of audit opinion that might be rendered on the
financial statements of the Company as well as any matters or reportable
events described in Items 304(a)(2)(i) or (ii) of Regulation S-K.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
16.1 Letter of KPMG LLP, dated as of November 29, 2005, to the Securities and
Exchange Commission regarding agreement with the statements made in this
Form 8-K.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Dated: NOVEMBER 29, 2005 By: ACETO CORPORATION
/s/ Douglas Roth
-----------------------------
Douglas Roth
Chief Financial Officer
EXHIBIT INDEX
NUMBER DESCRIPTION
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16.1 Letter of KPMG LLP, dated as of November 29, 2005, to the Securities
and Exchange Commission regarding agreement with the statements made in
this Form 8-K.