SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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)
May 15, 2002
COLGATE-PALMOLIVE COMPANY
EMPLOYEES SAVINGS AND INVESTMENT PLAN
(Exact name of registrant as specified in its charter)
Delaware
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(State or other jurisdiction of incorporation)
1-644 N/A
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(Commission File Number) (IRS Employer Identification No.)
300 Park Avenue, New York, NY 10022
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code (212) 310-2000
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Total number of sequentially numbered pages in this
filing, including exhibits thereto: 4
Item 4. Changes in Registrant's Certifying Accountant
(Solely for the Colgate-Palmolive Company Employees Savings and Investment Plan)
This Form 8-K relates solely to the Colgate-Palmolive Company Employees Savings
and Investment Plan (the "Plan"). As disclosed by Colgate-Palmolive Company
(the "Company") in its Form 8-K filed with the Securities and Exchange
Commission on May 17, 2002, the Company has appointed PricewaterhouseCoopers LLP
as the Company's independent public accountants for the fiscal year ending
December 31, 2002.
On May 15, 2002, the Employee Relations Committee of the Company, which
administers the Plan pursuant to authority delegated by the Board of Directors
of the Company and the terms and conditions of the Plan, decided to replace
Arthur Andersen LLP ("Arthur Andersen") as the Plan's independent public
accountants and to appoint Mitchell & Titus, LLP to serve as the Plan's
independent public accountants for the fiscal year ended December 31, 2001.
None of Arthur Andersen's reports on the Plan's financial statements for the
past two years contained an adverse opinion or a disclaimer of opinion, or was
qualified or modified as to uncertainty, audit scope or accounting principles.
During the Plan's two most recent fiscal years and through the date of this Form
8-K, 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 them to make reference to the subject matter in connection
with their reports on the Plan's financial statements for such years; and there
were no reportable events, as defined in Item 304(a)(1)(v) of Regulation S-K.
The Plan provided Arthur Andersen with a copy of the foregoing disclosures.
Attached as Exhibit 16 is a copy of Arthur Andersen's letter, dated May 16,
2002, stating its agreement with such statements.
During the Plan's two most recent fiscal years and through the date of this Form
8-K, the Plan did not consult Mitchell & Titus, LLP 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 Plan's financial statements, or any matters or reportable events, as
described in Items 304(a)(1)(iv) and (v) of Regulation S-K.
Item 7. Financial Statements and Exhibits
(c) Exhibits. The following exhibit is filed with this document.
Exhibit Number Description
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16 Letter from Arthur Andersen LLP to the Securities and
Exchange Commission, dated May 16, 2002
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 thereunto duly authorized.
COLGATE-PALMOLIVE COMPANY
EMPLOYEES SAVINGS AND INVESTMENT PLAN
Date: May 22, 2002 By: /s/ Stephen C. Patrick
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Stephen C. Patrick
Member of the Employee
Relations Committee
Exhibit 16
May 16, 2002
Office of the Chief Accountant
Securities and Exchange Commission
450 Fifth Street, N. W.
Washington, DC 20549
Ladies and Gentlemen:
We have read Item 4 included in the Form 8-K dated May 15, 2002 of the
Colgate-Palmolive Company Employees Savings & Investment Plan, to be filed with
the Securities and Exchange Commission, and are in agreement with the statements
contained therein.
Very truly yours,
/s/ Arthur Andersen LLP
Arthur Andersen LLP
cc: John E. Zoog, Vice President - Global Employee Benefits, Colgate-Palmolive
Company
Stephen C. Patrick, CFO, Colgate-Palmolive Company