Prepared by R.R. Donnelley Financial -- Form 8-k
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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 — May 23, 2002
 
COMMISSION FILE NUMBER 1-6780
 
RAYONIER INC.
Incorporated in the State of North Carolina
I.R.S. Employer Identification Number l3-2607329
 
50 North Laura Street, Jacksonville, Florida 32202
(Principal Executive Office)
 
Telephone Number: (904) 357-9100
 

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RAYONIER INC.
 
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ITEM 4.    CHANGES IN REGISTRANT’S CERTIFYING ACCOUNTANT
 
On March 15, 2002, the Board of Directors of Rayonier Inc., upon the recommendation of the Audit Committee, rescinded the appointment of Arthur Andersen LLP (“Andersen”) as independent auditors for 2002, given the circumstances surrounding Andersen. On March 18, 2002, Rayonier Inc. (the “Company”) filed on Form 8-K disclosure of the Board’s actions.
 
On May 17, 2002, the Board of Directors of Rayonier Inc., upon the recommendation of the Audit Committee, appointed Deloitte & Touche LLP as the Company’s independent accountants. On May 22, 2002, such appointment became effective. Since March 15, 2002, the Company had discussions with Deloitte & Touche LLP regarding the possibility of engagement as the Company’s new independent accountants. These discussions did not include any of the issues outlined in Item 304(a)(2) of Regulation S-K and did not affect any of the past or future treatment of any accounting, auditing or financial reporting issue. Attached as Exhibit 99, is a copy of the Company’s press release disclosing the appointment of Deloitte & Touche LLP, which the Company issued on May 23, 2002.

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ITEM 7.    FINANCIAL STATEMENTS AND EXHIBITS
 
(c)  Exhibits
 
Exhibit 99
   
Press release dated May 23, 2002 disclosing appointment herewith of new independent accountants.
   
Filed herewith
 
 
 
SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of l934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
 
RAYONIER INC. (Registrant)
By:
  
/s/    HANS E. VANDEN NOORT        
   
Hans E. Vanden Noort
   
Vice President and
   
Corporate Controller
     
 
May 23, 2002

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EXHIBIT INDEX
 
EXHIBIT NO.
   
DESCRIPTION
  
LOCATION
99
   
Press release dated May 23, 2002 disclosing appointment of new independent accountants.
  
Filed herewith
 

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