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UNITED STATES SECURITIES AND
EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT — May 23, 2002
COMMISSION FILE NUMBER 1-6780
RAYONIER INC.
Incorporated in the State of North Carolina
I.R.S. Employer Identification Number l3-2607329
50 North Laura
Street, Jacksonville, Florida 32202
(Principal Executive Office)
Telephone Number: (904) 357-9100
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RAYONIER INC.
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On March 15, 2002, the
Board of Directors of Rayonier Inc., upon the recommendation of the Audit Committee, rescinded the appointment of Arthur Andersen LLP (“Andersen”) as independent auditors for 2002, given the circumstances surrounding Andersen. On March 18,
2002, Rayonier Inc. (the “Company”) filed on Form 8-K disclosure of the Board’s actions.
On May 17, 2002, the Board of
Directors of Rayonier Inc., upon the recommendation of the Audit Committee, appointed Deloitte & Touche LLP as the Company’s independent accountants. On May 22, 2002, such appointment became effective. Since March 15, 2002, the Company had
discussions with Deloitte & Touche LLP regarding the possibility of engagement as the Company’s new independent accountants. These discussions did not include any of the issues outlined in Item 304(a)(2) of Regulation S-K and did not affect
any of the past or future treatment of any accounting, auditing or financial reporting issue. Attached as Exhibit 99, is a copy of the Company’s press release disclosing the appointment of Deloitte & Touche LLP, which the Company issued on
May 23, 2002.
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(c) Exhibits
| Exhibit 99 |
Press release dated May 23, 2002 disclosing appointment herewith of new independent accountants. |
Filed herewith |
Pursuant to the requirements of the Securities Exchange Act of l934, the registrant has duly caused
this Report to be signed on its behalf by the undersigned hereunto duly authorized.
| RAYONIER INC. (Registrant) | ||
| By: |
/s/ HANS E. VANDEN
NOORT | |
| Hans E. Vanden Noort | ||
| Vice President and | ||
| Corporate Controller | ||
May 23, 2002
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| EXHIBIT NO. |
DESCRIPTION |
LOCATION | ||
| 99 |
Press release dated May 23, 2002 disclosing appointment of new independent accountants. |
Filed herewith |
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Exhibit No. 99
Press release dated May 23, 2002 disclosing appointment of new independent accountants
| FOR IMMEDIATE RELEASE |
For further
information | |
| Media contact: Jay A.
Federicksen | ||
| 904-357-9106 | ||
| Investor Contact: Parag
Bhansali | ||
| 904-357-9155 |
Rayonier Appoints Delitte & Touche as Auditors
JACKSONVILLE, FL. May 23, 2002 Rayonier (NYSE:RYN) today announced the appointment of Deloitte & Touche as auditors for 2002.
Rayonier is the world’s premier supplier of high performance specialty cellulose and has 2.3 million acres of timber and land in the U.S. and New
Zealand. Almost half of its sales are to international customers in 60 countries.
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