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) April 20, 2005
CORNING INCORPORATED
INVESTMENT PLAN FOR UNIONIZED EMPLOYEES
(Exact name of registrant as specified in its charter)
New York 1-3247 16-0393470
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
One Riverfront Plaza, Corning, New York 14831
(Address of principal executive offices) (Zip Code)
(607) 974-9000
(Registrant's telephone number, including area code)
N/A
(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 240.13e-4(c))
Item 4.01. Changes in Registrant's Certifying Accountant.
Item 4.01(a) - former independent registered public accounting firm
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On April 20, 2005, the Benefits Committee of the Corning Incorporated Investment
Plan for Unionized Employees (the "Plan") approved the dismissal of
PricewaterhouseCoopers LLP as the independent registered public accounting firm
for the Plan.
The report of PricewaterhouseCoopers LLP on the financial statements of the Plan
for the years ended December 31, 2003 and 2002 contained no adverse opinion or
disclaimer of opinion, and such report was not qualified or modified as to
uncertainty, audit scope or accounting principle.
During the years ended December 31, 2003 and 2002 and through April 20, 2005,
there were no disagreements with PricewaterhouseCoopers LLP on any accounting
principles or practices, financial statement disclosure or auditing scope or
procedure, which disagreements, if not resolved to the satisfaction of
PricewaterhouseCoopers LLP, would have caused it to make reference thereto in
connection with its report on the Plan's financial statements for such years.
No reportable event as described in paragraph (a)(1)(v) of Item 304 of
Regulation S-K has occurred during the years ended December 31, 2003 and 2002
and through April 20, 2005.
The Benefits Committee of the Plan requested that PricewaterhouseCoopers LLP
furnish it with a letter addressed to the United States Securities and Exchange
Commission stating whether or not it agrees with the above statements. A copy of
such letter, dated May 2, 2005, is filed as Exhibit 16 to this Form 8-K.
Item 4.01(b) - new independent registered public accounting firm
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On April 20, 2005, the Benefits Committee of the Plan appointed Insero,
Kasperski, Ciaccia & Co., P.C. as the independent registered public accounting
firm of the Plan for the year ended December 31, 2004.
The Benefits Committee of the Plan did not consult with Insero, Kasperski,
Ciaccia & Co., P.C. during the years ended December 31, 2003 and 2002, and
through April 20, 2005, on any matter which was the subject of any disagreement
or any reportable event as defined in Regulation S-K Item 304(a)(1)(iv) and
Regulation S-K Item 304(a)(1)(v), respectively, or on 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 Plan's financial
statements, relating to which either a written report was provided to the
Benefits Committee of the Plan or oral advice was provided that Insero,
Kasperski, Ciaccia & Co., P.C. concluded was an important factor considered by
the Benefits Committee of the Plan in reaching a decision as to the accounting,
auditing or financial reporting issue.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibit
Exhibit 16: Letter from Registrant's prior independent accountants.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Benefits Committee has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
CORNING INCORPORATED
INVESTMENT PLAN FOR UNIONIZED EMPLOYEES
Registrant
Date: May 2, 2005 By /s/ DEBORAH G. LAUPER
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Deborah G. Lauper
Chair
Benefits Committee
Exhibit 16
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May 2, 2005
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Commissioners:
We have read the statements made by the Corning Incorporated Investment Plan for
Unionized Employees (the "Plan") (copy attached), which we understand will be
filed with the United States Securities and Exchange Commission, pursuant to
Item 4.01 of Form 8-K, as part of the Plan's Form 8-K report dated April 20,
2005. We agree with the statements concerning our Firm in such Form 8-K.
Very truly yours,
PricewaterhouseCoopers LLP