SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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) December 2, 1999
Urban Outfitters, Inc.
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(Exact Name of Registrant as Specified in Charter)
PENNSYLVANIA 0-16999 23-2003332
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
1809 Walnut Street, Philadelphia, Pennsylvania 19103
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (215) 564-2313
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n/a
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(Former Name or Former Address, if Changed Since Last Report)
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
On December 2, 1999, Urban Outfitters, Inc. (the "Company") replaced
PricewaterhouseCoopers LLP as the principal accountant for the Company and its
subsidiaries. For neither of the past two years has the former principal
accountant's reports on the Company's financial statements contained an adverse
opinion or a disclaimer of opinion, nor has its opinion been qualified or
modified as to uncertainty, audit scope or accounting principles. The Company's
decision to replace its principal accountant was recommended by the Audit
Committee of the Board of Directors of the Company and approved by the Board of
Directors. During the Company's two most recent fiscal years (February 1, 1997
to January 31, 1998 and February 1, 1998 to January 31, 1999) and through
December 2, 1999, there were no disagreements with the former accountant on any
matter of accounting principles or practices, financial statement disclosure or
auditing scope or procedure, which disagreements, if not resolved to the
satisfaction of the former accountant, would have caused it to make reference to
the subject matter of the disagreement in connection with its report on the
financial statements.
During the Company's two most recent fiscal years and through December 2,
1999, there have been no reportable events (as defined in Regulation S-K Item
304(a)(1)(v)).
On December 2, 1999, the Company engaged as its new principal accountant
Arthur Andersen LLP. The new principal accountant has not been consulted during
the Company's two most recent fiscal years and through December 2, 1999 prior to
its engagement regarding the application of accounting principles.
The Company has requested that PricewaterhouseCoopers LLP furnish it with a
letter addressed to the Securities and Exchange Commission (the "SEC") stating
whether or not it agrees with the statements set forth in this Form 8-K. A copy
of such letter dated December 8, 1999 is filed as Exhibit 16.1 to this Form 8-K.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS.
List below the financial statements, pro forma financial information and
exhibits, if any, filed as part of this report.
(c) Exhibits
Exhibit 16.1 - Letter, dated December 8, 1999, from
PricewaterhouseCoopers LLP.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on behalf of the undersigned
hereunto duly authorized.
URBAN OUTFITTERS, INC.
By: /s/ Richard A. Hayne
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Richard A. Hayne
President
Dated: December 9, 1999
[LETTERHEAD]
December 8, 1999
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Commissioners:
We have read the statements made by Urban Outfitters, Inc. (copy attached),
which we understand will be filed with the Commission, pursuant to Item 4 of
Form 8-K, as part of the Company's Form 8-K report dated December 2, 1999. We
agree with the statements concerning our Firm in such Form 8-K. However, we have
no basis to address whether the new principal accountant had been consulted
during the two most recent fiscal years and through December 2, 1999 prior to
their engagement regarding the application of accounting principles.
Very truly yours,
/s/ PricewaterhouseCoopers LLP
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PricewaterhouseCoopers LLP