SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) October 14, 2003
SPRINT CORPORATION
(Exact name of Registrant as specified in its charter)
Kansas 1-04721 48-0457967
(State of Incorporation) (Commission File Number) (I.R.S. Employer
Identification No.)
6200 Sprint Parkway, Overland Park, Kansas 66251
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (913) 624-3000
(Former name or former address, if changed since last report)
P. O. Box 7997, Shawnee Mission, Kansas 66207-0997
(Mailing address of principal executive offices)
EXPLANATORY NOTE
Sprint Corporation hereby amends its Current Report on Form 8-K dated October
14, 2003 as set forth in this Current Report on Form 8-K/A to clarify that it
was the decision of the Audit Committee of its Board of Directors to change its
independent auditor and that Ernst & Young LLP did not resign or decline to
stand for re-election.
Item 4. Changes in Registrant's Certifying Accountant.
On October 14, 2003, at the conclusion of a competitive proposal process
involving the four major international accounting firms, the Audit Committee of
the Board of Directors of Sprint Corporation ("Sprint") determined that Sprint's
independent auditor, Ernst & Young LLP ("Ernst & Young"), would be replaced by
KPMG LLP ("KPMG") as the independent auditor for Sprint for the year ending
December 31, 2004. This action effectively dismisses Ernst & Young as Sprint's
independent auditor for the year ending December 31, 2004; however, Ernst &
Young will continue as Sprint's independent auditor for the year ending December
31, 2003. Ernst & Young was notified of this decision on October 14, 2003.
KPMG's appointment is subject to the completion of KPMG's client acceptance
and transition procedures.
Ernst & Young's reports on Sprint's consolidated financial statements as of
December 31, 2002 and 2001 and for each of the two fiscal years in the period
ended December 31, 2002 did not contain any adverse opinion or disclaimer of
opinion and were not qualified or modified as to uncertainty, audit scope, or
accounting principles. During the fiscal years ended December 31, 2001 and 2002
and through the date of this Form 8-K/A, there were no disagreements between
Sprint and Ernst & Young on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedures, which, if not
resolved to the satisfaction of Ernst & Young, would have caused Ernst & Young
to make reference to the matter in their report. None of the "reportable events"
described in Item 304(a)(1)(v) of Regulation S-K of the Securities and Exchange
Commission have occurred during the fiscal years ended December 31, 2001 or 2002
or through the date of this Form 8-K/A.
Sprint has requested Ernst & Young to furnish Sprint with a letter
addressed to the Commission stating whether Ernst & Young agrees with the above
statements. A copy of Ernst & Young's letter, dated December 1, 2003, is
attached as Exhibit 16 to this Form 8-K/A.
During the fiscal years ended December 31, 2001 and 2002 and through the
date of this Form 8-K/A, neither Sprint nor anyone acting on its behalf
consulted KPMG regarding (1) either the application of accounting principles to
a specified transaction, either completed or proposed, or the type of audit
opinion that might be rendered on Sprint's consolidated financial statements or
(2) any matter that was either the subject of a disagreement with Ernst & Young
on accounting principles or practices, financial statement disclosure, or
auditing scope or procedures, which, if not resolved to the satisfaction of
Ernst & Young, would have caused Ernst & Young to make
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reference to the matter in their report, or a "reportable event" as described in
Item 304(a)(1)(v) of Regulation S-K of the Securities and Exchange Commission.
Item 7. Exhibits.
16. Letter to the Securities and Exchange Commission from Ernst & Young.
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SIGNATURE
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.
SPRINT CORPORATION
Date: December 1, 2003 By: /s/ Michael T. Hyde
Michael T. Hyde
Assistant Secretary
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EXHIBIT INDEX
Exhibit
Number Description Page
16. Letter to the Securities and Exchange Commission
from Ernst & Young.