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
July 30, 2002
(Date of the earliest event reported)
FASTNET Corporation
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(Exact name of Registrant as specified in its charter)
Pennsylvania 0-29255 23-2767197
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(State or other jurisdiction- (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
3864 Courtney Street, Bethlehem, Pennsylvania 18017
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(Address of principal executive offices) (Zip Code)
610-266-6700
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Registrant's telephone number, including area code
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
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On July 25, 2002, FASTNET Corporation, a Pennsylvania Corporation (the
"Company"), upon the recommendation and approval of its Audit Committee,
dismissed Arthur Andersen LLP ("Andersen") as principal independent public
accountants for the Company and engaged KPMG LLP ("KPMG") as the Company's
principal independent public accountants.
In connection with the audits for the two (2) most recent years ended
December 31, 2001 and 2000 and the subsequent interim period through the filing
date of this Current Report on Form 8-K, there were no disagreements with
Andersen on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedures which, if not resolved to
the satisfaction of Andersen, would have caused Andersen to make reference to
the subject matter of such disagreements in connection with their reports on the
Company's consolidated financial statements for such years; and there were no
reportable events as defined in Item 304(a)(1)(v) of Regulation S-K.
The reports of Andersen on the consolidated financial statements of the
Company, as of and for the years ended December 31, 2001 and 2000, did not
contain any adverse opinion or disclaimer of opinion, nor were they qualified or
modified as to uncertainty, audit scope, or accounting principles.
The Company provided Andersen with the foregoing disclosures and requested
Andersen to furnish a letter addressed to the Securities and Exchange Commission
stating whether it agrees with the above statements. While the Company has
received no information from Andersen that Andersen has a basis for disagreement
with such statements, the Company has been unable to obtain such a letter due to
the fact that the personnel primarily responsible for the Company's account
(including the engagement partner and manager) have left Andersen.
During the years ended December 31, 2001 and 2000 and through the filing
date of this Current Report on Form 8-K, neither the Company nor someone on its
behalf consulted KPMG regarding the application of accounting principles to a
specified transaction, either completed or proposed, or the type of audit
opinion that might be rendered on the Company's 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
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(c) Exhibits.
99 Press release issued July 30, 2002, filed herewith
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 thereunto duly authorized.
FASTNET Corporation
Dated: July 30, 2002 By: /s/ Ward Schultz
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Ward Schultz
Chief Financial
Officer (principal financial and
accounting officer)