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): September 14, 2006
(AFGWU
Local 1028 401(k) Retirement Plan for
Employees
of AVX Corporation in Raleigh, North Carolina)
(Exact
Name of Registrant as Specified in its Charter)
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Delaware
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1-7201
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33-0379007
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(State
or other jurisdiction of incorporation or organization)
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(Commission
File Number)
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(I.R.S.
Employer Identification Number)
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801
17th Avenue South
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Myrtle
Beach, South Carolina
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29577
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(Address
of principal executive offices)
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(Zip
Code)
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(843)
448-9411
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(Registrant's
telephone number, including area
code)
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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:
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¨
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Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
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¨
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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¨
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR
240.13e-4(c))
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¨
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR
240.14d-2(b))
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Item
4.01 Changes
in Registrant’s Certifying Accountant.
(a)
Previous Independent Registered Public Accounting Firm:
On
September 14, 2006, the AFGWU Local 1028 401(k) Retirement Plan for Employees
of
AVX Corporation in Raleigh, North Carolina (the “Plan”) dismissed
PricewaterhouseCoopers LLP (“PwC”) as the Plan’s independent registered public
accounting firm. The dismissal was approved by the Plan’s 401(k)
Committee.
The
reports of PwC on the Plan’s financial statements for the years ended December
31, 2004 and 2003 contained no adverse opinion or a disclaimer of opinion
and
were not qualified or modified as to uncertainty, audit scope or accounting
principle.
During
the years ended December 31, 2004 and 2003 and through September 14, 2006,
there
have been no disagreements with PwC on any matter of accounting principles
or
practices, financial statement disclosure, or auditing scope or procedure,
which
disagreements, if not resolved to the satisfaction of PwC would have caused
PwC
to make reference thereto in its reports on the Plan’s financial statements for
such years.
During
the years ended December 31, 2004 and 2003 and through September 14, 2006,
there
have been no “reportable events,” as that term is defined in Item 304 (a)(1)(v)
of Regulation S-K, with respect to the Plans.
The
change in the accounting firm described above pertains only to the financial
statements of the Plan and does not affect PwC’s engagement as the independent
registered public accounting firm of AVX Corporation for its fiscal year
ending
March 31, 2007.
The
Plan
provided a copy of the above disclosures to PwC and requested that PwC
furnish
it with a letter addressed to the Securities and Exchange Commission stating
whether or not it agrees with the aforementioned statements. A copy of
the
letter furnished by PwC in response to that request is filed as Exhibit
16.1 to
this Form 8-K.
(b)
New
Independent Registered Public Accounting Firm:
On
September 14, 2006, the Plan’s 401(k) Committee appointed Grant Thornton LLP
(“Grant Thornton”) as the Plans new independent registered public accounting
firm for the year ended December 31, 2005. During the years ended December
31,
2004 and 2003, and through September 14, 2006, the Plan has not consulted
with
Grant Thornton 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 the Plans’ financial statements, and Grant
Thornton did not provide a written report or oral advice to the Plan which
Grant
Thornton concluded was an important factor considered by the Plan 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 the 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.
Item
9.01. Financial Statements and Exhibits.
(d)
Exhibits:
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrants
have
duly caused this report to be signed on their behalf by the undersigned
hereunto
duly authorized.
Date:
September 14, 2006
AFGWU
Local 1028 401(k) Retirement Plan for Employees of AVX Corporation in Raleigh,
North Carolina
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By:
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/s/ Gerald Boykin |
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Name:
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Gerald
Boykin
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Title:
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Plan
Administrator of the AFGWU Local 1028 401(k) Retirement Plan for
Employees
of AVX Corporation in Raleigh, North
Carolina
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