UNITED STATES
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
April 26, 2002
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Date of Report
(Date of earliest event reported)
RADVISION LTD.
(Exact name of registrant as specified in its charter)
Israel 000-29871 N/A
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
24 Raoul Wallenberg Street, Tel Aviv 69719, Israel
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(Address of principal executive offices and zip code)
011-972-3-645-5220
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name or former address, if changed since last report)
ITEM 4. Changes in Registrant's Certifying Accountant.
On April 26, 2002, our Board of Directors decided to no longer engage
Luboshitz Kasierer, a Member Firm of Arthur Andersen, as our independent
auditors and engaged Kost Forer & Gabbay, a member of Ernst & Young
International, to serve as our independent auditors for the fiscal year 2002, in
accordance with the recommendation of the Board's Audit Committee. The
determination to change independent auditors followed our decision to seek
proposals from independent public accountants to audit our financial statements
for the fiscal year ending December 31, 2002. The appointment of Kost Forer &
Gabbay is subject to shareholder ratification at the 2002 Annual Meeting of
Shareholders to be held in June.
Luboshitz Kasierer's audit reports on our consolidated financial
statements for each of the fiscal years ended December 31, 2001 and 2000 did not
contain an adverse opinion or disclaimer of opinion, nor were they qualified or
modified as to uncertainty, audit scope or accounting principles. During our two
fiscal years ended December 31, 2001 and 2000 and the subsequent interim period
preceding the decision to change independent public accountants, there were no
disagreements with Luboshitz Kasierer on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or procedure which,
if not resolved to Luboshitz Kasierer's satisfaction would have caused them to
make reference to the subject matter of the disagreement in connection with the
audit reports on our consolidated financial statements for such years, and there
were no reportable events as defined in Item 304(a) (1) (v) of Regulation S-K.
We provided Luboshitz Kasierer with a copy of the foregoing
disclosures. Attached as Exhibit 16.1 is a copy of Luboshitz Kasierer's letter,
dated April 29, 2002, stating its agreement with such statements.
In the years ended December 31, 2001 and 2000 and through the date
hereof, we did not consult Kost Forer & Gabbay 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 our
consolidated financial statements, or any other matters or reportable events as
set forth in Items 304(a) (2) (i) and (ii) of Regulation S-K.
ITEM 7. Financial Statements and Exhibits.
(c) Exhibits
Exhibit Number Description
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16.1 Letter from Luboshitz Kasierer regarding change in
certifying accountant.
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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.
Date: April 29, 2002 RADVISION LTD.
(Registrant)
By: /s/David Seligman
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David Seligman
Chief Financial Officer
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