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): July 23, 2003

July 17, 2003

Daisytek International Corporation

(Exact Name of Registrant as Specified in Charter)

Delaware		0-25400		75-2421746
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

Delaware

(State or other

jurisdiction of incorporation)

0-25400

(Commission File Number)

75-2421746

(I.R.S. Employer

Identification No.)

1025 Central Expressway South, Suite 200

Allen, Texas 75013

(Address of Principal Executive Offices, including zip code)

(972) 881-4700

(Registrant’s Telephone Number, including area code)

N/A

(Former Name or Former Address, if Changed Since Last Report)

ITEM 45. ~~CHANGES~~Other ~~IN REGISTRANT’S CERTIFYING ACCOUNTANT.~~ Events

On ~~July~~May 157, 2003, ~~Ernst~~Daisytek, &Incorporated, ~~Young~~Arlington ~~LLP~~Industries, Inc., B.A. Pargh Company, Daisytek Latin America, Inc., Digital Storage, Inc., The Tape Company, Tapebargins.com, Inc. and Virtual Demand, Inc., (~~“Ernst~~collectively, &the ~~Young~~“Subsidiaries”) ~~resigned~~, asall ~~the~~of ~~independent~~which ~~auditor~~are direct or indirect subsidiaries of Daisytek International Corporation (the “Company,”) and ~~its~~collectively ~~subsidiaries.~~with ~~The~~the Subsidiaries, ~~reports~~the of“Debtors”), ~~Ernst~~each &filed ~~Young~~a onvoluntary ~~the~~petition ~~Company’s~~for ~~financial~~relief ~~statements~~under ~~for~~Chapter 11 of title 11 of the ~~fiscal~~United ~~years~~States ~~ended~~Code ~~March~~(the ~~31,~~“Bankruptcy ~~2002~~Code”) ~~and~~in ~~2001 did~~the ~~not~~United ~~contain~~States ~~any~~Bankruptcy ~~adverse~~Court ~~opinion~~for orthe ~~disclaimer~~Northern District of ~~opinion~~Texas, Dallas ~~nor~~Division ~~were~~(the ~~they~~“Bankruptcy ~~qualified~~Court”), orunder ~~modified~~Case asNo. to03-34762-HDH-11. ~~uncertainty~~On June 3, ~~audit~~2003, ~~scope~~the orCompany ~~accounting~~filed ~~principles.~~a ~~The~~voluntary ~~resignation~~petition offor ~~Ernst~~relief &under ~~Young~~the ~~was~~Bankruptcy ~~not~~Code ~~recommended~~in orthe ~~approved~~Bankruptcy byCourt under Case No. 03-35724-SAF-11. Joint administration of the Company’s ~~board~~ ofChapter ~~directors~~11 orcase byhas been granted in connection with the ~~audit~~petitions ~~committee~~filed ofby the ~~Company’s~~Subsidiaries. ~~board~~The Debtors remain in possession of ~~directors~~their assets and properties, and continue to operate their businesses and mange their properties as “debtors-in-possession” pursuant to the Bankruptcy Code.

InOn ~~connection~~July ~~with~~20, ~~the~~2003, ~~audits of~~ the Company’s ~~financial~~and ~~statements~~Subsidiaries ~~for~~filed ~~each~~unaudited ofMonthly ~~the~~Operating ~~fiscal~~Reports ~~years~~for ~~ended~~the ~~March~~period ~~31,~~June ~~2002 and 2001~~1, ~~and~~2003 inthrough ~~the~~June ~~subsequent interim periods~~30, ~~there~~2003 ~~were no disagreements~~ with ~~Ernst & Young on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedures which, if not resolved to~~ the ~~satisfaction~~United ofStates ~~Ernst~~Bankruptcy ~~& Young, would have caused Ernst & Young to make reference to such matter in connection with its reports~~Court. ~~During~~The ~~the~~Monthly ~~two~~Operating ~~most~~Reports ~~recent~~are ~~fiscal~~included ~~years~~herewith ~~of the Company and through the date of Ernst & Young’s resignation, Ernst & Young identified the following reportable events (~~as ~~defined in Regulation S-K~~ ~~Item~~Exhibits ~~304(a)(~~99.1~~)(v))~~, to99.2, ~~the audit committee of the Company’s board of directors and Company management in reports~~99.3, ~~dated November 12~~99.4, ~~2002~~99.5 and ~~April~~99.6. ~~10, 2003:~~

• The Company accepted ~~has~~the ~~not~~resignation ~~issued~~of aJeffrey ~~formal~~K. ~~accounting~~Hewson ~~policy~~from ~~for~~the ~~vendor~~Company’s ~~programs;~~board ~~and~~of directors, effective as of July 15, 2003.

~~The~~Cautionary ~~Company~~Statement ~~has~~Regarding ~~not~~Operating ~~maintained~~Reports ~~specific,~~as ~~written~~Filed ~~documentation~~with ~~from its vendors supporting~~ the ~~accounting~~Bankruptcy ~~for~~Court ~~certain vendor programs.~~

•The Monthly Operating Reports contain financial statements and other information that has not been audited or reviewed by independent accountants and is subject to revision. The Monthly Operating Reports are in a format prescribed by applicable bankruptcy laws and contain information for periods that may be different from those required in the Company’s ~~Mexican~~reports pursuant ~~subsidiaries~~to ~~have~~the ~~not~~Securities ~~filed~~Exchange ~~tax~~Act ~~returns~~of ~~and~~1934 ~~statutory~~(“the ~~audit~~Exchange ~~reports~~Act”). ~~timely~~The ~~for~~financial information set forth in the ~~2001~~Monthly ~~and~~Operating ~~2002~~Reports ~~statutory~~should ~~year~~not ~~ends;~~be viewed as indicative of future results and should not be used for investment purposes.

The Company’s Mexican subsidiaries have not provided complete and accurate account reconciliations, completed management’s analysis of the financial performance, recorded accounting entries, or drafted the financial statements in a timely manner.

The Company has furnished Ernst & Young with a copy of the foregoing disclosure and requested Ernst & Young to furnish it with a letter addressed to the Securities and Exchange Commission stating whether it agrees with the foregoing statements. A copy of that letter, dated July 17, 2003, is filed as Exhibit 16 hereto.

Forward-Looking Statements

Certain statements used in this Form 8-K, including the Exhibits furnished herewith, may be 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~~. These forward-looking statements about the financial condition, prospects, operations and business of the Company are generally accompanied by words such as “anticipates,” “expects,” “estimates,” “believes,” “intends,” “plans” or similar ~~expressions. These forward-looking statements are subject to numerous risks,~~

expressions. These forward-looking statements are subject to numerous risks, uncertainties and other factors, some of which are beyond the control of the Debtors that could cause actual results to differ materially from those forecasted or anticipated in such forward-looking statements.

ITEM: 7. FINANCIAL STATEMENTS AND EXHIBITS

(c)

Exhibits

16 Letter from Ernst & Young LLP to the Securities and Exchange Commission dated July 17, 2003.


99.1		Monthly Operating Report of Daisytek International, for a period from June 1, 2003 through June 30, 2003.

99.2		Monthly Operating Report of Daisytek Incorporated, B.A. Pargh Company and Virtual Demand, Inc., for a period from June 1, 2003 through June 30, 2003.

99.3		Monthly Operating Report of The Tape Company and Tapebargains.com, Inc. for a period from June 1, 2003 through June 30, 2003.

99.4		Monthly Operating Report of Arlington Industries, Inc. for a period from June 1,2003 through June 30, 2003.

99.5		Monthly Operating Report of Daisytek Latin America, Inc. for a period from June 1, 2003 through June 30, 2003.

99.6		Monthly Operating Report of Digital Storage, Inc. for a period from June 1, 2003 through June 30, 2003.

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 hereunto duly authorized.

DAISYTEK INTERNATIONAL CORPORATION

By:		/s/ ERIC T. LOGAN
		Eric T. Logan Interim Chief Financial Officer

Dated: July 1725, 2003

Index to Exhibits

ExhibitNumber		Description
16		Letter from Ernst & Young LLP to the Securities and Exchange Commission dated July 17, 2003.
99.1		Monthly Operating Report of Daisytek International, for a period from June 1, 2003 through June 30, 2003.
99.2		Monthly Operating Report of Daisytek Incorporated, B.A. Pargh Company and Virtual Demand, Inc., for a period from June 1, 2003 through June 30, 2003.
99.3		Monthly Operating Report of The Tape Company and Tapebargains.com, Inc. for a period from June 1, 2003 through June 30, 2003.
99.4		Monthly Operating Report of Arlington Industries, Inc. for a period from June 1,2003 through June 30, 2003.
99.5		Monthly Operating Report of Daisytek Latin America, Inc. for a period from June 1, 2003 through June 30, 2003.
99.6		Monthly Operating Report of Digital Storage, Inc. for a period from June 1, 2003 through June 30, 2003.

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