0001193125-12-199082.txt : 20120501 0001193125-12-199082.hdr.sgml : 20120501 20120501104559 ACCESSION NUMBER: 0001193125-12-199082 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20120430 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120501 DATE AS OF CHANGE: 20120501 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: 12798458 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 d343443d8k.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): April 30, 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 8.01 Other Events

On April 30, 2012, Autoliv, Inc. (the “Company”) settled the purchase obligations under its 4,250,920 outstanding equity units by issuing approximately 5.8 million shares of its common stock to equity unit holders in exchange for $106,273,000, which was raised through the Company’s remarketing of its 8% Senior Notes due 2014, completed on March 15, 2012. Because the Company has satisfied all of its obligations under the equity units, the New York Stock Exchange will delist the equity units from trading on the NYSE and the Company will deregister the equity units under the Securities Exchange Act of 1934, as amended. The Company’s common stock continues to trade on the NYSE.

A copy of the press release issued by the Company announcing the settlement of the equity units is filed as Exhibit 99.1.

 

Item 9.01 Financial Statements and Exhibits

(d) EXHIBITS

 

99.1 Press Release of Autoliv, Inc. dated May 1, 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.

 

Date: May 1, 2012  
  AUTOLIV, INC.
  By:  

/s/ Lars A. Sjöbring

  Name:   Lars A. Sjöbring
  Title:  

Group Vice President – Legal Affairs

General Counsel and Secretary

EX-99.1 2 d343443dex991.htm PRESS RELEASE Press Release

Exhibit 99.1

 

LOGO

PRESS RELEASE

Autoliv settles outstanding equity units — issues shares

(Stockholm, May 1, 2012) – – – Autoliv, Inc. (NYSE: ALV and SSE: ALIV SDB) – the worldwide leader in automotive safety systems – today announced the settlement of all of its remaining Equity Units, resulting in an increase of the number of outstanding shares to approximately 95.3 million. The Equity Units (traded as Corporate Units – ALV.PRZ – CUSIP 052800208) will no longer be traded on the New York Stock Exchange.

On April 30, 2012, Autoliv, Inc. (the “Company”) settled the purchase contracts forming a part of its Equity Units issued in 2009 by delivering 5.8 million shares of its common shares to Equity Units holders. In return, the Company received approximately $106 million in cash. As a result of the settlement, the Company’s net cash position and its stockholders’ equity were increased by approximately $106 million, while the total number of shares outstanding increased from approximately 89.5 million to 95.3 million.

As already announced, the Company successfully remarketed the debt component of the Equity Units on March 15, 2012. This remarketing is expected to reduce the Company’s interest expense net by $11 million in 2012 compared to last year.

Background:

On March 30, 2009, Autoliv issued 6.6 million Equity Units consisting of forward purchase contracts and senior notes due 2014. In 2010, Autoliv repurchased and accelerated the settlement of approximately 2.3 million Equity Units. The approximately 4.3 million Equity Units remaining have now been settled in accordance with the original agreement.

 

Inquiries:   
Mats Wallin, CFO    Tel +46 (0)8-587 20 600
Hannes Wadell, Treasury    Tel +46 (0)8-587 20 655

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 more than 80 facilities with nearly 50,000 employees in 29 countries. In addition, the Company has ten technical centers in nine countries around the world, with 21 test

 

 

Autoliv Inc.   Autoliv North America, Inc.
Vasagatan 11, 7th floor   26545 American Drive
P. O. Box 703 81, SE-107 24 Stockholm, Sweden   Southfield, MI 48034, USA
Tel +46 (0)8 58 72 06 23, Fax +46 (0)8 411 70 25   Tel +1-248-475-0427
e-mail: mats.odman@autoliv.com   e-mail: ray.pekar@autoliv.com


LOGO

 

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.

 

 

Autoliv Inc.

Vasagatan 11, 7th floor

P. O. Box 703 81, SE-107 24 Stockholm, Sweden

Tel +46 (0)8 58 72 06 23, Fax +46 (0)8 411 70 25

e-mail: mats.odman@autoliv.com

 

Autoliv North America, Inc.

26545 American Drive

Southfield, MI 48034, USA

Tel +1-248-475-0427

e-mail: ray.pekar@autoliv.com

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