0001193125-12-080632.txt : 20120227 0001193125-12-080632.hdr.sgml : 20120227 20120227121857 ACCESSION NUMBER: 0001193125-12-080632 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20120224 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120227 DATE AS OF CHANGE: 20120227 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AUTOLIV INC CENTRAL INDEX KEY: 0001034670 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 510378542 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12933 FILM NUMBER: 12640841 BUSINESS ADDRESS: STREET 1: 3350 AIRPORT RD CITY: OGDEN STATE: UT ZIP: 84405 BUSINESS PHONE: 8016299800 MAIL ADDRESS: STREET 1: BOX 70381 STREET 2: SE 107 24 STOCKHOLM CITY: SWEDEN STATE: V7 8-K 1 d306691d8k.htm FORM 8-K Form 8-K

 

 

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): February 24, 2012

 

 

Autoliv, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-12933   51-0378542

(State or other jurisdiction

of incorporation)

  (Commission File Number)  

(IRS Employer

Identification No.)

Vasagatan 11, 7th Floor, SE-111 20

Box 70381,

SE-107 24, Stockholm, Sweden

(Address of principal executive offices, including zip code)

+46 8 587 20 600

(Registrant’s telephone number, including area code)

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 (See General Instruction A.2 below):

 

¨ 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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(d) On February 27, 2012 Autoliv, Inc. (the “Company”) issued a press release announcing that the Board of Directors has elected Mr. Bo Andersson to the Board for a term effective February 24, 2012 until the 2013 Annual Meeting of the Stockholders. Mr. Andersson fills a vacancy on the Board and with his election the Board will be composed of a total of 10 members.

Mr. Andersson has entered into the Company’s form of indemnification agreement, a copy of which has been filed as Exhibit 99.i on Form 10-K (File No. 001-12933, filing date February 23, 2009).

Mr. Andersson has, for the last three years, been President and CEO of the GAZ Group, the leading manufacturer of commercial vehicles in Russia with sales of $4.4 billion in 2011. GAZ is a customer of Autoliv. Autoliv had approximately $3.3 million in total sales to GAZ in 2011, which was 0.04% of the Company’s turnover and 0.08% of GAZ’s sales. Autoliv’s Board has determined Mr. Andersson is “independent” according to the New York Stock Exchange’s rules and regulations.

A copy of the press release is filed as Exhibit 99.1 to this report and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d) EXHIBITS

 

99.1 Press Release of Autoliv, Inc. dated February 27, 2012.


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 thereunto duly authorized.

 

    AUTOLIV, INC.

Date: February 27, 2012

   
  By:  

/s/ Lars A. Sjöbring

  Name:   Lars A. Sjöbring
  Title:  

Group Vice President – Legal Affairs

General Counsel and Secretary

EX-99.1 2 d306691dex991.htm PRESS RELEASE OF AUTOLIV, INC. DATED FEBRUARY 27, 2012 Press Release of Autoliv, Inc. dated February 27, 2012

Exhibit 99.1

 

LOGO

Autoliv Elects New Board Member

(Stockholm, February 27, 2012) — Autoliv Inc. – the global leader in automotive safety systems – has elected Mr. Bo Andersson as a new member to its Board of Directors.

Mr. Andersson has a long and impressive career in the automotive industry. For the past three years, he has, as President and CEO, led the turnaround of the GAZ Group, the leading manufacturer of commercial vehicles in Russia, with expected sales of $4.4 billion in 2011.

Prior to joining GAZ, Mr. Andersson pursued a successful career at General Motors. He was on the corporate management team from 2001 to 2009, and became Group Vice President of Global Purchasing and Supply Chain, responsible for a global budget of nearly $100 billion. Mr. Andersson began his automotive career at Saab in 1987. He was appointed Vice President of purchasing in 1990, and transitioned from Saab to GM in 1993, as Executive Director of Global Purchasing for the Electrical Component Group. During his tenure with General Motors, Mr. Andersson worked in several countries, and had responsibility for all areas of purchasing and supply chain.

Bo Andersson, who was born in 1955, holds a bachelor’s degree in Business Administration from the Stockholm University and graduated from the Senior Management Program at Harvard University in 1999.

GAZ is a customer of Autoliv. Autoliv had approximately $3.3 million in total sales to GAZ in 2011, which was 0.04% of the Company’s turnover and 0.08% of GAZ’s sales. Autoliv’s Board has determined Mr. Andersson is “independent” according to the New York Stock Exchanges’ rules and regulations.

Attached with the press release you will find a photo of Mr. Bo Andersson.

Inquiries:

 

Bo Andersson,

Jan Carlson,

  

Tel +7 (910) 896-0000

Tel +46-8-587 20 600

About Autoliv

Autoliv Inc., the worldwide leader in automotive safety systems, develops and manufactures automotive safety systems for all major automotive manufacturers in the world. Together with its joint ventures, Autoliv has approximately 80 facilities with nearly 48,000 employees in 29 countries. In addition, the Company has ten technical centers in nine countries around the world, with 21 test tracks, more than any other automotive safety supplier. Sales in 2011 grew by 15% to US $8.2 billion. The Company’s shares are listed on the New York Stock Exchange (NYSE: ALV) and its Swedish Depository Receipts on the OMX Nordic Exchange in Stockholm (ALIV sdb). For more information about Autoliv, please visit our company website at www.autoliv.com.

Safe Harbor Statement

This release contains statements that are not historical facts but rather forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (PSLRA). All such statements are


based upon our current expectations and various assumptions, and apply only as of the date of this report. Our expectations and beliefs are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that forward-looking statements will materialize or prove to be correct. Because such statements involve risks and uncertainties, the outcome could differ materially from those set out in the statements. For a summary of such risk factors, please refer to our latest 10-K and 10-Q filed with the SEC. Except for our ongoing obligation to disclose information under law, we undertake no obligation to update publicly any forward-looking statements whether as a result of new information or future events. For any forward-looking statements contained in this or any other document, we claim the protection of the safe harbor for forward-looking statements contained in the PSLRA.

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