8-KOther Events

Johnson Controls International plc 8-K Report (Apr 21, 2004)

Filed April 21, 2004For Securities:JCI

Summary

This 8-K filing from Johnson Controls International plc (JCI), filed on April 21, 2004, pertains to the Tyco International (US) Inc. Retirement Savings and Investment Plan I. The primary event reported is the change in the Plan's independent accountants. PricewaterhouseCoopers LLP was dismissed, and Mitchell & Titus LLP was engaged as the new independent accountants, effective April 19, 2004. The filing explicitly states that there were no disagreements with PricewaterhouseCoopers LLP regarding accounting principles, financial statement disclosures, or auditing procedures during the relevant periods. This suggests a smooth transition in accounting oversight for the Plan. Investors should note that this is a report on a specific retirement savings plan and not a broad financial update for Johnson Controls International plc itself, though it was filed under JCI's umbrella at the time.

Key Highlights

  • 1Change of independent accountants for the Tyco International (US) Inc. Retirement Savings and Investment Plan I.
  • 2PricewaterhouseCoopers LLP was dismissed as the Plan's independent accountants.
  • 3Mitchell & Titus LLP has been engaged as the new independent accountants for the Plan.
  • 4The change in accountants is effective as of April 19, 2004.
  • 5No disagreements with PricewaterhouseCoopers LLP on accounting principles, financial disclosure, or auditing procedures were reported.
  • 6The filing includes a letter from PricewaterhouseCoopers LLP to the SEC confirming the statements made in the report.

Frequently Asked Questions

The main purpose of this 8-K filing is to report a change in the independent accountants for the Tyco International (US) Inc. Retirement Savings and Investment Plan I. It formally notifies the SEC of the dismissal of PricewaterhouseCoopers LLP and the engagement of Mitchell & Titus LLP.

No, the filing explicitly states that there were no disagreements with PricewaterhouseCoopers LLP on any matter of accounting principles, practices, financial statement disclosure, or auditing scope or procedures. This indicates a lack of contentious issues surrounding the change.

No, this 8-K filing specifically concerns the Tyco International (US) Inc. Retirement Savings and Investment Plan I, not the overall financial performance or strategic direction of Johnson Controls International plc as a parent company at that time. It is focused on a change in audit oversight for a specific employee benefit plan.

The engagement of Mitchell & Titus LLP signifies the appointment of new independent auditors for the retirement plan. The filing also notes that there were no prior consultations with Mitchell & Titus LLP regarding accounting principles or audit opinions during the periods under review, suggesting a fresh engagement.