Form 6-K
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of June 2003
Commission File Number: 1-14836
ALSTOM
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(Translation of registrant's name into English)
25, avenue Kléber, 75116 Paris, France
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(Address of principal executive offices)
Indicate by check mark whether the Registrant files or will file annual reports
under cover of Form 20-F or Form 40-F
Form 20-F X Form 40-F
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Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1):
Yes No X
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Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7):
Yes No X
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Indicate by check mark whether the Registrant, by furnishing the information
contained in this Form, is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934
Yes No X
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If "Yes" is marked, indicate below the file number assigned to the Registrant in
connection with Rule 12g3-2(b)
THIS REPORT ON FORM 6-K SHALL BE DEEMED TO BE INCORPORATED BY REFERENCE IN THE
REGISTRATION STATEMENTS ON FORM S-8 OF ALSTOM (NO. 333-10658, NO. 333-12028 AND
333-90154) AND THE RELATED PROSPECTUSES AND TO BE PART THEREOF FROM THE DATE ON
WHICH THIS REPORT IS FURNISHED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR
REPORTS SUBSEQUENTLY FILED OR FURNISHED.
ENCLOSURES:
Press release dated June 30, 2003 "ALSTOM Revised Consolidated Accounts"
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.
ALSTOM
Date: July 1, 2003 By: /s/ Philippe Jaffré
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Name: Philippe Jaffré
Title: Chief Financial Officer
30 June 2003
ALSTOM REVISED CONSOLIDATED ACCOUNTS
ALSTOM today announced that it is conducting an internal review assisted by
external accountants and lawyers following receipt of letters earlier this month
alleging accounting improprieties on a railcar contract being executed at the
Hornell, New York facility of ALSTOM Transportation Inc. (ATI), a US subsidiary
of the Company.
The review has identified that losses have been significantly understated in
ATI's accounts, in substantial part due to accounting improprieties by the
understatement of actual costs incurred, including by the non-recognition of
costs incurred in anticipation of shifting them to other contracts, and by the
understatement of forecast costs to completion.
The contracts concerned are all fixed-price contracts and there is therefore no
financial impact on customers.
An additional net after tax charge equivalent to 51 ME is being recorded in
ATI's accounts for the year ended 31 March 2003. The Chairman & CEO of the
Company will propose to the Board of Directors for approval modifications to the
consolidated accounts for the year ending 31 March 2003, including an additional
net after tax charge of 51 ME. It will also be proposed to the Board of
Directors to approve a resolution providing that such modified accounts be
submitted for approval to the Annual Shareholders Meeting of the Company to be
held on 2 July 2003.
Both the Senior Vice President and the Vice President of Finance of ATI have
been suspended pending the completion of the review.
The Company has been advised of informal inquiries related to ATI, by the United
States Securities and Exchange Commission and the United States Federal Bureau
of Investigation. ALSTOM is cooperating fully with the investigating
authorities.
Press relations: S. Gagneraud/ G. Tourvieille
(Tel. +33 1 47 55 25 87)
internet.press@chq.alstom.com
Investor relations: J-G. Micol/A. Rebière
(Tel. +33 1 47 55 26 34)
Investor.relations@chq.alstom.com
SAFE HARBOR STATEMENT UNDER THE UNITED STATES PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995: This press release may contain forward-looking statements,
within the meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. When relying on forward-looking
statements to make decisions with respect to ALSTOM, readers should carefully
consider the factors described in other documents ALSTOM files or submits from
time to time with the U.S. Securities and Exchange Commission, including reports
submitted on Form 6-K. Forward-looking statements speak only as of the date on
which they are made, and ALSTOM undertakes no obligation to update or revise any
of them, whether as a result of new information, future events or otherwise.