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): March 31, 2003
American States Water Company
Southern California Water Company
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(Exact name of registrant as specified in its charter)
American States Water Company
California 333-47647 95-4676679
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(State of other jurisdiction of incorporation) (Commission File Number) IRS Employer
Identification No.)
630 East Foothill Boulevard, San Dimas, California 91773-1212 (909) 394-3600
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(Address of Principal Executive Offices) (Zip Code) (Telephone)
Southern California Water Company
California 000-01121 95-1243678
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(State of other jurisdiction of incorporation) (Commission File Number) IRS Employer
Identification No.)
630 East Foothill Boulevard, San Dimas, California 91773-1212 (909) 394-3600
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(Address of Principal Executive Offices) (Zip Code) (Telephone)
(Former name or former address, if changed since last reports.)
Not applicable.
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Item 9. Regulation FD Disclosure
This information is being filed under both Items 9 and 12.
On March 31, 2003, the Company announced that it has filed Form 12b-25 -
Notification of Late Filing, with the Securities and Exchange Commission with
regard to its filing of Form 10-K for the period ending December 31, 2002. The
Company expects to file its Form 10-K by April 15, 2003.
The Company has determined that additional time is required to complete its
analysis of its deferred and current tax accounts and to restate its financial
statements for prior years. In addition, since Arthur Andersen LLP was the
Company's previous accountants and are not in a position to audit the
restatement, the Company's new independent accountants will need to re-audit the
financial statements for the years ended December 31, 2001 and 2000. This
analysis was undertaken in connection with a deferred tax study initiated in
2002 and that spans a period of 20 years. As a result of this study, the Company
has preliminarily identified a cumulative total of approximately $4.5 million of
previously recognized current and deferred tax expense which should not have
been recognized in 2001 and earlier periods. The Company expects to report a
corresponding reduction in taxes on income for prior periods presented along
with an increase in beginning retained earnings in 2000.
SIGNATURES
Pursuant to the requirement of the Securities Exchange Act of 1935, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
American States Water Company
Southern California Water Company
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(Registrant)
March 28, 20003 /s/ McClellan Harris III
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(Date) (Signature)*
McClellan Harris III
Principal Financial and Accounting Officer,
CFO, Sr. VP-Finance, Treasurer and Secretary
*Print name and title of the signing officer under his signature