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): March 25, 2002
COMMISSION FILE NUMBER 1-9533
WORLD FUEL SERVICES CORPORATION
(Exact name of registrant as specified in its charter)
Florida 59-2459427
(State or other jurisdiction of incorporation) (I.R.S. Employer Identification No.)
700 South Royal Poinciana Blvd., Suite 800 33166
Miami Springs, Florida (Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code: (305) 884-2001
Item 4. Changes in Registrant's Certifying Accountants
Effective March 25, 2002, the Board of Directors of World Fuel Services
Corporation ("World Fuel"), upon the recommendation of its Audit Committee,
decided to no longer engage Arthur Andersen LLP ("Andersen") as World Fuel's
independent public accountants and engaged PricewaterhouseCoopers LLP
("PricewaterhouseCoopers") to serve as World Fuel's independent public
accountants. PricewaterhouseCoopers will perform an audit and issue its report
on World Fuel's consolidated financial statements for the fiscal year ending
March 31, 2002.
Andersen's reports on World Fuel's consolidated financial statements for
each of the fiscal years ended March 31, 2001 and 2000 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 fiscal years ended March 31, 2001 and 2000 and through the date
hereof, there were no disagreements with Andersen on any matter of accounting
principles or practices, financial statement disclosure, or auditing scope or
procedure which, if not resolved to Andersen's satisfaction, would have caused
them to make reference to the subject matter in connection with their report on
World Fuel's consolidated financial statements for such years, or in the case of
interim reports for the current fiscal year, for such quarters, and there were
no reportable events as defined in Item 304(a)(1)(v) of Regulation S-K.
World Fuel provided Andersen with a copy of the foregoing disclosures.
Attached, as Exhibit 16 is a copy of Andersen's letter, dated March 25, 2002,
stating its agreement with such statements.
During the fiscal years ended March 31, 2001 and 2000 and through the date
hereof, World Fuel did not consult PricewaterhouseCoopers with respect to the
application of accounting principles to a specified transaction, either
completed or proposed, or the type of audit opinion that might be rendered on
World Fuel's consolidated 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 No. Description
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16 Letter from Arthur Andersen LLP to the Securities and
Exchange Commission.
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SIGNATURES
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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.
DATE: March 25, 2002 WORLD FUEL SERVICES CORPORATION
/s/ Jerrold Blair
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JERROLD BLAIR
CHAIRMAN and CHIEF EXECUTIVE OFFICER
/s/ Carlos A. Abaunza
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CARLOS A. ABAUNZA
CHIEF FINANCIAL OFFICER and TREASURER
(Principal Financial and Accounting Officer)
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