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): | October 14, 2015 |
Penske Automotive Group, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
Delaware | 1-12297 | 22-3086739 |
_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
of incorporation) | File Number) | Identification No.) |
2555 Telegraph Road, Bloomfield Hills, Michigan | 48302 | |
_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
Registrants telephone number, including area code: | 248-648-2500 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
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:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On October 14, 2015, we announced that our Board of Directors has approved a quarterly dividend in the amount of $0.25 per share payable December 1, 2015 to shareholders of record as of November 10, 2015, as discussed more fully in the press release incorporated herein and attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
Exhibit 99.1 Press Release.
SIGNATURES
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.
Penske Automotive Group, Inc. | ||||
October 14, 2015 | By: |
/s/ Shane M. Spradlin
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Name: Shane M. Spradlin | ||||
Title: Executive Vice President |
Exhibit Index
Exhibit No. | Description | |
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99.1
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Press Release |
FOR IMMEDIATE RELEASE
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PENSKE AUTOMOTIVE INCREASES DIVIDEND
Shareholders to Receive $0.25 per Share
BLOOMFIELD HILLS, MI, October 14, 2015 Penske Automotive Group, Inc. (NYSE:PAG), an international transportation services company, today announced that its Board of Directors has approved a cash dividend of $0.25 per share for the third quarter of 2015. Penske Automotive Group President Robert H. Kurnick, Jr., said, We are pleased to increase the quarterly dividend, which represents the continued confidence we have in our overall business.
The dividend is payable on December 1, 2015, to shareholders of record on November 10, 2015.
About Penske Automotive
Penske Automotive Group, Inc., (NYSE:PAG) headquartered in Bloomfield Hills, Michigan, is
an international transportation services company that operates automotive and commercial truck
dealerships principally in the United States and Western Europe, and distributes commercial
vehicles, diesel engines, gas engines, power systems and related parts and services principally in
Australia and New Zealand. PAG employs more than 22,000 people worldwide and is a member of the
Fortune 500 and Russell 2000. For additional information, visit the companys website at
www.penskeautomotive.com.
Caution Concerning Forward Looking Statements
Statements in this press release may involve forward-looking statements, including forward-looking
statements regarding Penske Automotive Group, Inc.s future sales potential and outlook. Actual
results may vary materially because of risks and uncertainties that are difficult to predict.
These risks and uncertainties include, among others: economic conditions generally, conditions in
the credit markets and changes in interest rates, adverse conditions affecting a particular
manufacturer, including the adverse impact to the vehicle and parts supply chain due to recalls,
natural disasters or other disruptions that interrupt the supply of vehicles or parts to us,
changes in consumer credit availability, the outcome of legal and administrative matters, and other
factors over which management has limited control. These forward-looking statements should be
evaluated together with additional information about Penske Automotives business, markets,
conditions and other uncertainties, which could affect Penske Automotives future performance.
These risks and uncertainties are addressed in Penske Automotives Form 10-K for the year ended
December 31, 2014, and its other filings with the Securities and Exchange Commission (SEC). This
press release speaks only as of its date, and Penske Automotive disclaims any duty to update the
information herein.
Find a vehicle: http://www.penskecars.com
Engage Penske Automotive: http://www.penskesocial.com
Like Penske Automotive on Facebook: https://facebook.com/PenskeCars
Follow Penske Automotive on Twitter: https://twitter.com/#!/Penskecarscorp
Visit Penske Automotive on YouTube: http://www.youtube.com/penskecars
Inquiries should contact:
J. D. Carlson Executive Vice President and Chief Financial Officer Penske Automotive Group, Inc. 248-648-2810 jcarlson@penskeautomotive.com |
Anthony R. Pordon Executive Vice President Investor Relations and Corporate Development Penske Automotive Group, Inc. 248-648-2540 tpordon@penskeautomotive.com |
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