-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Tk9kg3NVoWo/jhU024fwcG0hg+dyYxhi+4J9C1PgbZp3VYjPaMjf+NdR/pFh6e2m rNzCVcjMCHcmwjhL1utnQQ== 0000950137-01-501292.txt : 20010510 0000950137-01-501292.hdr.sgml : 20010510 ACCESSION NUMBER: 0000950137-01-501292 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20010507 ITEM INFORMATION: FILED AS OF DATE: 20010509 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TENNECO AUTOMOTIVE INC CENTRAL INDEX KEY: 0001024725 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 760515284 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-12387 FILM NUMBER: 1626064 BUSINESS ADDRESS: STREET 1: 500 NORTH FIELD DRIVE CITY: LAKE FOREST STATE: IL ZIP: 60045 BUSINESS PHONE: 847-482-50 MAIL ADDRESS: STREET 1: 500 N FIELD DR STREET 2: ROOM T 2560B CITY: LAKE FOREST STATE: IL ZIP: 60045 FORMER COMPANY: FORMER CONFORMED NAME: NEW TENNECO INC DATE OF NAME CHANGE: 19961011 8-K 1 c62222e8-k.txt CURRENT REPORT 1 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): MAY 7, 2001 TENNECO AUTOMOTIVE INC. (Exact Name of Registrant as Specified in Charter) DELAWARE 1-12387 76-0515284 (State or Other Jurisdiction (Commission File Number) (IRS Employer of Incorporation) Identification No.) 500 NORTH FIELD DRIVE, LAKE FOREST, ILLINOIS 60045 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (847) 482-5000 2 ITEM 5. OTHER EVENTS. On May 7, 2001, Mark P. Frissora, Chairman and Chief Executive Officer of Tenneco Automotive Inc., gave an interview to Bloomberg Forum. Mr. Frissora is quoted as stating that the company is "in a position now where we'll be able to meet or exceed expectations in the marketplace" and that the company "is looking to" repay $300 to $400 million of debt over the next two to three years. The company is filing this Current Report to clarify that Mr. Frissora's statements (i) relate to the company's belief that it should at least meet the current average earnings per share expectation in the marketplace for the second quarter of 2001, which predicts a loss of $0.07 per share, and (ii) indicate that while it is the company's goal to aggressively reduce debt over the next several years, by as much as $300 to $400 million, the company is not currently forecasting such a debt reduction. The statement in this Current Report regarding the company's anticipated earnings per share for the second quarter 2001 is, and the statement regarding the Company's goal of debt reduction may be considered to be, forward-looking and such statements are based on the current expectations of the company (including its subsidiaries). Because forward-looking statements involve risks and uncertainties, the company's actual results could differ materially. Among the factors that could cause results to differ materially from current expectations are: (i) the general political, economic and competitive conditions in markets and countries where the company and its subsidiaries operate, including currency fluctuations and other risks associated with operating in foreign countries; (ii) changes in capital availability or costs, including increases in the company's costs of borrowing (i.e., interest rate increases); (iii) changes in automotive manufacturers' production rates and their actual and forecasted requirements for the company's products, including the company's resultant inability to realize the sales represented by its awarded book of business; (iv) changes in consumer demand and prices, including decreases in demand for automobiles which include the company's products, and the potential negative impact on the company's revenues and margins from such products; (v) the cost of compliance with changes in regulations, including environmental regulations; (vi) workforce factors such as strikes or labor interruptions; (vii) material substitutions and increases in the costs of raw materials; (viii) the company's ability to execute restructuring and other cost reduction plans and to realize anticipated benefits from these plans; and (ix) the timing and occurrence (or non-occurrence) of transactions and events which may be subject to circumstances beyond the control of the company and its subsidiaries. 3 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. TENNECO AUTOMOTIVE INC. Date: May 8, 2001 By: /s/ Mark A. McCollum ------------------------------ Mark A. McCollum Senior Vice President and Chief Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----