Digital River 2002 Annual Report Download - page 40

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ITEM 9. CHA NGES IN A N D DISAGREEMENTS WITH A CC OUN TA N TS ON A CC OUN TIN G AN D F IN A NC IA L D ISC LOSU R E.
On June 13, 2002, our Board of Directors terminated its relationship with Arthur Andersen LLP as the independent public accountants of Digital
River based upon the recommendation and approval of its Audit Committee.
The reports of Arthur Andersen LLP on our consolidated financial statements for the years ended December 31, 2001 and 2000 contained no
adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles.
During our years ended December 31, 2001 and 2000 and through the subsequent interim period ended June 13, 2002, there were no
disagreements with Arthur Andersen LLP on any matter of accounting principles or practices, financial statement disclosure or auditing scope or
procedure, which disagreements if not resolved to the satisfaction of Arthur Andersen LLP would have caused it to make reference thereto in
their report.
During the years ended December 31, 2001 and 2000 and through June 13, 2002, there were no reportable events (as defined in Regulation S-K
Item 304(a)(1)(v)).
We engaged Ernst & Young LLP as our independent accountants as of June 13, 2002. During the years ended December 31, 2001 and 2000 and
through June 13, 2002, we did not consult with Ernst & Young LLP on items which (i) were or should have been subject to Statement of
Auditing Standard No. 50 or (ii) concerned the subject matter of a disagreement or reportable event with Arthur Andersen LLP (as described in
Regulation S-K Item 304(a)(2)).
P AR T III
Certain information required in Part III of this report is incorporated by reference to our Proxy Statement in connection with our 2002 Annual
Meeting to be filed in accordance with Regulation 14A under the Securities Exchange Act of 1934, as amended.
ITEM 10. D IR EC TOR S A ND EX EC UTIVE OF FICER S OF THE R EGISTRA NT.
Other than the identification of executive officers, which is set forth in Part I, Item 1 hereof, the information required in Item 10 of Part III of
this report is incorporated by reference to our Proxy Statement in connection with our 2003 Annual Meeting to be filed in accordance with
Regulation 14A under the Securities Exchange Act of 1934, as amended.
ITEM 11. EX EC UTIVE C OMP EN SATION .
The information required in Item 11 of Part III of this report is incorporated by reference to our Proxy Statement in connection with our 2003
Annual Meeting to be filed in accordance with Regulation 14A under the Securities Exchange Act of 1934, as amended.
ITEM 12. SEC UR ITY OWNERSHIP OF C ER TAIN BEN EF ICIAL OWNER S AN D M AN A GEMEN T AN D R ELA TED
STOCKHOLDER M ATTER S.
The information required in Item 12 of Part III of this report is incorporated by reference to our Proxy Statement in connection with our 2003
Annual Meeting to be filed in accordance with Regulation 14A under the Securities Exchange Act of 1934, as amended.
ITEM 13. C ERTAIN R ELA TION SHIPS AN D R ELATED TR A NSAC TIONS.
The information required in Item 13 of Part III of this report is incorporated by reference to our Proxy Statement in connection with our 2003
Annual Meeting to be filed in accordance with Regulation 14A under the Securities Exchange Act of 1934, as amended.