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)
July 7, 2003
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Commission File Number 1-9887
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OREGON STEEL MILLS, INC.
(Exact name of registrant as specified in its charter)
Delaware 94-0506370
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(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
1000 S.W. Broadway, Suite 2200, Portland, Oregon 97205
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(Address of principal executive offices) (Zip Code)
(503) 223-9228
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(Registrant's telephone number, including area code)
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(Former name, former address and former fiscal year, if changed since last
report)
ITEM 4. - CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
On July 7, 2003, Oregon Steel Mills, Inc. (the
"Registrant" or the "Company") dismissed PricewaterhouseCoopers
LLP ("PricewaterhouseCoopers") as its certifying accountants. The
Registrant's Audit Committee has approved this action.
The audit reports of PricewaterhouseCoopers on the Registrant's
financial statements for the years ended December 31, 2002 and
2001 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 Registrant's two most recent fiscal years and through
July 7, 2003, there were no disagreements with
PricewaterhouseCoopers 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 PricewaterhouseCoopers, would have caused
PricewaterhouseCoopers to make reference thereto in connection
with its reports on the financial statements for such years.
During the two most recent fiscal years and through July 7, 2003,
there have been no reportable events (as defined in Regulation
S-K Item 304(a)(1)(v)).
The Registrant delivered a copy of this Form 8-K report to
PricewaterhouseCoopers on July 7, 2003. Concurrently therewith,
the Registrant requested that PricewaterhouseCoopers furnish it
with a letter addressed to the Securities and Exchange Commission
(the "SEC") stating whether PricewaterhouseCoopers agrees with
the above statements and, if not, stating the respects in which
PricewaterhouseCoopers does not agree. Attached hereto as Exhibit
16.1 is a copy of the letter of PricewaterhouseCoopers to the SEC
dated July 7, 2003.
On July 7, 2003, the Registrant engaged KPMG LLP ("KPMG") as its
new independent accountant. The Registrant's Audit Committee has
approved this action.
During the Registrant's two most recent fiscal years and through
July 7, 2003, the Registrant did not consult with KPMG regarding
either (1) 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 Registrant's
financial statements, and neither a written report was provided
to the Registrant or oral advice was provided that KPMG concluded
was an important factor considered by the Registrant in reaching
a decision as to the accounting, auditing, or financial reporting
issue; or (2) any matter that was either the subject of a
disagreement, as defined in Item 304(a)(1)(iv)of Regulation S-K,
or a reportable event pursuant to Item 304(a)(1)(v) of Regulation
S-K.
ITEM 7. - FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
Exhibit Number Description
16.1 Letter from PricewaterhouseCoopers LLP to
the Securities and Exchange Commission, dated July 7,
2003, 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 thereunto duly authorized.
OREGON STEEL MILLS, INC.
Date: July 7, 2003 /s/ Jeff S. Stewart
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Jeff S. Stewart
Corporate Controller
(Principal Accounting Officer)
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