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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 (Date of earliest event reported) April 4, 2005
Service Corporation International
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(Exact name of registrant as specified in its charter)
TEXAS 1-6402-1 74-1488375
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
1929 Allen Parkway Houston, Texas 77019
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (713) 522-5141
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(Former name or former address, if changed since last report.)
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:
[ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13a-4(c))
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ITEM 4.02 (a) NON-RELIANCE ON PREVIOUSLY ISSUED FINANCIAL STATEMENTS OR A
RELATED AUDIT REPORT OR COMPLETED INTERIM REVIEW
On March 30, 2005, management of Service Corporation International (the
"Company") concluded in consultation with the Company's Audit Committee that
previously issued unaudited interim financial statements of the Company included
in its Forms 10Q for the quarters ended March 31, 2004, June 30, 2004, and
September 30, 2004, should no longer be relied upon due to errors included in
such financial statements. Management and the Audit Committee have discussed
this matter with the Company's independent registered public accounting firm.
The Company reflected the effects of the restatement of its 2004 interim periods
in its 2004 Form 10K. The 2004 unaudited interim financial statements will be
restated upon issuance of each of the respective 2005 Forms 10-Q. The restated
amounts include adjustments made as a result of certain verifications of the
following: (i) funeral and cemetery trust assets and funeral deferred revenues,
(ii) deferred preneed cemetery contract revenues, (iii) operating leases and
(iv) other various verification projects. A complete discussion of these
adjustments is contained in Management's Discussion and Analysis of Financial
Condition and Results of Operations in the Company's Form 10-K for the year
ended December 31, 2004. The net effect of the restatement decreases formerly
reported pretax income in the first three quarters of 2004 by $0.3 million on a
combined basis. Additionally, the restatement did not have an impact on
previously reported or current cash balances or net cash provided by operating
activities.
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 hereunto duly authorized.
April 4, 2005 Service Corporation International
By: /s/ Eric D. Tanzberger
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Eric D. Tanzberger
Vice President and
Corporate Controller