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 (Date of earliest event reported): August 14, 2006
WINDSTREAM CORPORATION
(Exact name of registrant as specified in its charter)
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| Delaware
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001-32422
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20-0792300 |
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| (State or other jurisdiction of
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(Commission File Number)
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(I.R.S. Employer |
| incorporation or organization)
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Identification No.) |
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| 4001 Rodney Parham Road, |
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| Little Rock, Arkansas
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72212 |
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| (Address of principal executive offices)
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(501) 748-7000
Registrant’s telephone number, including area code
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
TABLE OF CONTENTS
Item 4.01 Changes in Registrant’s Registered Public Accountant.
On July 17, 2006, Valor Communications Group Inc. (“Valor”), Alltel Corporation (“Alltel”) and
Alltel Holding Corp., then a wholly owned subsidiary of Alltel (“Spinco”), consummated the
previously disclosed spin-off of Alltel’s wireline telecommunications business and the merger of
Spinco with and into Valor (the “Merger”). Immediately following the Merger, Valor was renamed
Windstream Corporation (“Windstream”).
The financial statements of Valor as of December 31, 2004 and 2005 and for each of the three
years in the period ended December 31, 2005 were audited by Deloitte & Touche LLP (“Deloitte”), an
independent registered public accounting firm. The financial statements of the wireline division
of Alltel as of December 31, 2004 and 2005 and for each of the three years in the period ended
December 31, 2005 were audited by PricewaterhouseCoopers LLP (“PwC”), an independent registered
public accounting firm. Effective August 14, 2006 following the completion of the filing of the
Quarterly Report on Form 10-Q of Windstream (formerly Valor) for the quarterly period ending June
30, 2006, Windstream dismissed Deloitte as its independent registered public accounting firm.
The report of Deloitte on the financial statements of Valor as of and for the fiscal years
ended December 31, 2004 and December 31, 2005 contained no adverse opinion or disclaimer of
opinion, nor was the report qualified or modified as to uncertainty, audit scope or accounting
principles, except that the report did discuss Valor’s change in method of accounting for
conditional asset retirement obligations. In connection with its audits for the fiscal years ended
December 31, 2004 and December 31, 2005 and through the subsequent interim period ended on August
14, 2006, there were no disagreements with Deloitte on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if
they had occurred and not been resolved to the satisfaction of Deloitte, would have caused Deloitte
to make reference to such disagreements in their report on the financial statements for such year;
and there were no “reportable events” as described in Item 304(a)(1)(v) of Regulation S-K.
Windstream has provided Deloitte with a copy of the foregoing disclosures. Deloitte has
furnished Windstream with a letter addressed to the SEC stating its agreement with the disclosures
above, which is attached hereto as Exhibit 16.1.
Effective August 14, 2006 following the completion of the filing of the Quarterly Report on
Form 10-Q of Windstream (formerly Valor) for the quarterly period ending June 30, 2006, Windstream
engaged PwC as its new independent registered public accounting firm. During the fiscal years
ended December 31, 2004 and December 31, 2005 and through the subsequent interim period ended on
August 14, 2006, Windstream has not consulted with PwC regarding either (i) the application of
accounting principles to a specified transaction, either completed or proposed; or the type of
audit opinion that might be rendered on Windstream’s financial statements, and neither a written
report was provided to Windstream or oral advice was provided that PwC concluded was an important
factor considered by Windstream in reaching a decision as to the accounting, auditing or financial
reporting issue; or (ii) any matter that was either the subject of a disagreement, as that term is
defined in Item 304(a)(1)(iv) of Regulation S-K and that related instructions to Item 304 of
Regulation S-K, or a reportable event, as that term is defined in Item 304(a)(1)(v) of Regulation
S-K.
The Audit Committee of the Board of Directors of Windstream approved the dismissal of Deloitte
and the engagement of PwC.
Item 9.01 Financial Statements and Exhibits.
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| Exhibit |
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Description |
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Exhibit 16.1
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Letter from Deloitte & Touche LLP to the Securities and
Exchange Commission dated August 16, 2006 |