UNITED STATES
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): June 24, 2002
CRESCENT REAL ESTATE EQUITIES COMPANY
(Exact name of Registrant as specified in its Charter)
Texas 1-13038 52-1862813
(State of Organization) (Commission File Number) (IRS Employer Identification Number)
777 Main Street, Suite 2100
Fort Worth, Texas 76102
(Address of Principal Executive Offices) (Zip Code)
(817) 321-2100
(Registrant's telephone number,
including area code)
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
On June 24, 2002, the Audit Committee of the Board of Trust Managers of Crescent
Real Estate Equities Company ("the Company"), decided to end the engagement of
Arthur Andersen LLP ("Arthur Andersen") as the Company's independent public
accountants, and has engaged Ernst & Young LLP ("Ernst & Young") to serve as the
Company's independent public accountants for the fiscal year ending December 31,
2002, effective immediately.
Arthur Andersen's reports on the Company's Consolidated Financial Statements for
each of the fiscal years ended December 31, 2001 and December 31, 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 December 31, 2001 and December 31, 2000, and
through the date hereof, there were no disagreements with Arthur Andersen on any
matter of accounting principles or practices, financial statement disclosure, or
auditing scope or procedure which, if not resolved to Arthur Andersen's
satisfaction, would have caused Arthur Andersen to make reference to the subject
matter in connection with its report on the Company's Consolidated Financial
Statements for such years. There were no reportable events as defined in Item
304 (a) (1) (v) of Regulation S-K.
The Company provided Arthur Andersen with a copy of the foregoing disclosures.
Exhibit 16 is a copy of Arthur Andersen's letter, dated June 25, 2002, stating
it has found no basis for disagreement with statements contained in this 8-K.
During the fiscal years ended December 31, 2001 and December 31, 2000, and
through the date hereof, the Company did not consult Ernst & Young 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
the Company's Consolidated Financial Statements, or any other matters or
reportable events as set forth in Items 304 (a) (2) (i) or (ii) of Regulation
S-K.
Item 7. Financial Statements, ProForma Financial Statements and Exhibits
(c) Exhibits
16 Letter from Arthur Andersen LLP to the Securities and Exchange
Commission, dated June 25, 2002, regarding change in certifying
accountant
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SIGNATURES
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 hereunto duly authorized.
Crescent Real Estate Equities Company
Registrant
Date: June 25, 2002 By: /s/ Jerry R. Crenshaw, Jr.
Jerry R. Crenshaw, Jr.
Senior Vice President and Chief Financial Officer
(Principal Accounting and Financial Officer)
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EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION
16 Letter from Arthur Andersen LLP to the Securities and
Exchange Commission, dated June 25, 2002, regarding change in
certifying accountant