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): June 7, 2002 ------------ SEI INVESTMENTS CAPITAL ACCUMULATION PLAN --------------------------------------------------------- (Exact Name of Registrant Specified in Charter) Pennsylvania 0-10200 23-1707341 ------------------ ------------------- -------------------- (State or Other (Commission File (I.R.S. Employer Jurisdiction of Number) Identification No.) Incorporation) 1 Freedom Valley Drive Oaks, Pennsylvania 19456 ----------------------------------------------------- ---------------- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (610) 676-1000 -------------- Not Applicable --------------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) Item 4. Changes in Registrant's Certifying Accountant On June 7, 2002, the Administrative Committee (the "Committee") of the SEI Investments Capital Accumulation Plan, a Pennsylvania corporation (the "Plan"), determined to no longer engage Arthur Andersen LLP ("Arthur Andersen") as the Plan's independent public accountants and engaged KPMG LLP ("KPMG") to serve as the Plan's independent public accountants for the fiscal year 2001. Arthur Andersen's reports on the Plan's consolidated financial statements for each of the years ended December 31, 2000 and 1999 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 the years ended December 31, 2000 and 1999 and through the filing date of this Current Report on Form 8-K, there were no disagreements with Arthur Andersen on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure which, if not resolved to Arthur Andersen's satisfaction would have caused them to make reference to the subject matter in connection with their report on the Plan's consolidated financial statements for such years; and there were no reportable events as defined in Item 304(a)(1)(v) of Regulation S-K. The Plan provided Arthur Andersen with a copy of the foregoing disclosures. Attached as Exhibit 16.1 is a copy of Arthur Andersen's letter, dated June 14, 2002, stating that it has found no basis for disagreement with such statements. During the years ended December 31, 2000 and 1999 and through the filing date of this Current Report on Form 8-K, the Plan did not consult KPMG 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 the Plan's 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, Pro Forma Financial Statements and Exhibits. Exhibits 16.1 Letter from Arthur Andersen LLP to the Securities and Exchange Commission dated June 14, 2002, filed herewith. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ADMINISTRATIVE COMMITTEE OF THE SEI INVESTMENTS CAPITAL ACCUMULATION PLAN By: /s/ Carmen V. Romeo -------------------------------- Carmen V. Romeo Authorized Signatory Dated: June 10, 2002
Exhibit 16.1 [LETTERHEAD OF ARTHUR ANDERSEN LLP] June 14, 2002 Office of the Chief Accountant Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549 Dear Sir/Madam: The representations made in this letter are based solely on discussions with and representations from the engagement partner and manager on the audits of the financial statements of this registrant for the two most recent fiscal years. Those individuals are no longer with Arthur Andersen LLP. We have read the first four paragraphs of Item 4 included in the Form 8-K dated June 7, 2002 of SEI Investments Capital Accumulation Plan to be filed with the Securities and Exchange Commission and have found no basis for disagreement with the statements contained therein. Very truly yours, /s/ Arthur Andersen LLP C: Ms. Kathy Heilig Vice President and Controller