-----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, VazqiuLXx/zfY+zvkHHTJyVr9bXCFFs/ynhEMfk6Q4/2vApa+nwWlKCpmszewMsa spFZ2vyOBEALAHZeRxiBiA== 0001049108-05-000225.txt : 20050406 0001049108-05-000225.hdr.sgml : 20050406 20050406111150 ACCESSION NUMBER: 0001049108-05-000225 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20050401 ITEM INFORMATION: Termination of a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050406 DATE AS OF CHANGE: 20050406 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DOLLAR THRIFTY AUTOMOTIVE GROUP INC CENTRAL INDEX KEY: 0001049108 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-AUTO RENTAL & LEASING (NO DRIVERS) [7510] IRS NUMBER: 731356520 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13647 FILM NUMBER: 05736066 BUSINESS ADDRESS: STREET 1: 5330 EAST 31ST STREET CITY: TULSA STATE: OK ZIP: 74135 BUSINESS PHONE: 9186607700 MAIL ADDRESS: STREET 1: 5330 EAST 31ST STREET CITY: TULSA STATE: OK ZIP: 74135 8-K 1 form8k040705.htm

 


 

 

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

 

April 1, 2005

Date of Report (Date of earliest event reported)

 

DOLLAR THRIFTY AUTOMOTIVE GROUP, INC.

(Exact name of registrant as specified in its charter)

 

 

Delaware

1-13647

73-1356520

(State or other jurisdiction
of incorporation)

(Commission
File Number)

(I.R.S. Employer
Identification No.)

 

 

5330 East 31st Street, Tulsa, Oklahoma 74135

(Address of principal executive offices and zip code)

 

Registrant’s telephone number, including area code: (918) 660-7700

 

N/A

(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:

 

o

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

 

(17 CFR 240.14d-2(b))

 

 

o

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17

 

CFR 240.13e-4(c))

 

 

 


 

 

 

 

ITEM 1.02

TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT

 

On April 5, 2005, Dollar Thrifty Automotive Group, Inc., a Delaware corporation (the “Company”), issued the news release attached hereto as Exhibit 99.22 reporting that the Company’s wholly owned subsidiaries, Dollar Rent A Car, Inc. (“Dollar”) and Thrifty Rent-A-Car System, Inc. (“Thrifty”) will no longer participate under separate Platinum Marketing Affiliate Agreements (collectively, the “Partner Program”) with IAC Global, LLC, a wholly owned subsidiary of Expedia, Inc. (“Expedia”) effective May 1, 2005. Expedia modified the terms for participation in its Partner Program, which were unacceptable to Dollar and Thrifty; accordingly, Expedia notified Dollar and Thrifty on April 1, 2005 that it would terminate their Partner Program participation. The Partner Program provides Dollar and Thrifty preferential screen displays and marketing opportunities on expedia.com and Dollar and Thrifty pay Expedia a commission. In 2004, Expedia generated rentals which represented approximately 7 percent of the Company’s total revenue and approximately 11 percent of the Company’s non-tour reservations.

 

 

 

 

2

 

 

 

ITEM 9.01

FINANCIAL STATEMENTS AND EXHIBITS

 

(c)

Exhibits

 

Exhibit No.

Description

 

99.22

News release reporting Dollar and Thrifty will no longer participate in the Expedia Preferred Partner Program effective May 1, 2005, issued by Dollar Thrifty Automotive Group, Inc. on April 5, 2005

 

 

 

 

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.

 

 

DOLLAR THRIFTY AUTOMOTIVE GROUP, INC.

 

(Registrant)

 

 

 

April 6, 2005

By:

/s/ STEVEN B. HILDEBRAND

 

 

Steven B. Hildebrand

 

 

Senior Executive Vice President, Chief Financial

 

Officer, Principal Financial Officer and Principal

 

 

Accounting Officer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4

 

 

INDEX TO EXHIBITS

 

 

Exhibit No.

Description

 

99.22

News release reporting Dollar and Thrifty will no longer participate in the Expedia Preferred Partner Program effective May 1, 2005, issued by Dollar Thrifty Automotive Group, Inc. on April 5, 2005

 

 

 

 

5

 

 

 

EX-99 2 exhibit9922.htm

 

 


 

Exhibit 99.22

Press Release

 

Contacts:

 

Media:

Terri Snow

Financial:

Steve Hildebrand

 

 

Executive Director -

Chief Financial Officer

 

Corporate Communications

(918) 669-2288

 

 

(918) 669-2743

 

 

tsnow@dtag.com

 

 

FOR IMMEDIATE RELEASE

 

DOLLAR THRIFTY AUTOMOTIVE GROUP WILL NO LONGER
PARTICIPATE IN THE EXPEDIA PREFERRED PARTNER PROGRAM

 

Tulsa, Oklahoma, April 5, 2005:  Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today announced that the Company’s brands, Dollar Rent A Car and Thrifty Car Rental, will no longer participate in the Expedia Preferred Partner Program, effective May 1, 2005. The Preferred Partner Program provides participating rental car suppliers the opportunity to prominently market their products on the Expedia travel Web site. In 2004, Expedia-generated rentals represented approximately 7 percent of DTG’s total revenue. Dollar and Thrifty are continuing discussions with Expedia regarding participation on the Expedia travel Web site.

 

Dollar Thrifty Automotive Group, Inc. is a Fortune 1000 Company headquartered in Tulsa, Oklahoma. Driven by the mission “Value Every Time,” the Company's brands, Dollar Rent A Car and Thrifty Car Rental, serve value-conscious travelers in approximately 70 countries. Dollar and Thrifty have over 1,600 corporate and franchised worldwide locations including over 800 in the United States and Canada. The Dollar or Thrifty brands operate in virtually all of the top U.S. airport markets; both brands operate in all of the top Canadian airport markets. The Company's more than 8,300 employees are located mainly in North America, but global service capabilities exist through an ever expanding international franchise network. For additional information, visit dtag.com.

 

Some of the statements contained in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Dollar Thrifty Automotive Group, Inc. believes such forward-looking statements are based upon reasonable assumptions, such statements are not guarantees of future

 

- more -

 

 

 

DTG

page 2

 

performance and certain factors could cause results to differ materially from current expectations. These factors include: price and product competition; economic and competitive conditions in markets and countries where the companies' customers reside and where the companies and their franchisees operate; natural hazards or catastrophes; incidents of terrorism; airline travel patterns; changes in capital availability or cost; costs and other terms related to the acquisition and disposition of automobiles; systems or communications failures; costs of conducting business and changes in structure or operations; and certain regulatory and environmental matters and litigation risks. Should one or more of these risks or uncertainties, among others, materialize, actual results could vary from those estimated, anticipated or projected. Dollar Thrifty Automotive Group, Inc. undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.

 

 

 

 

 

 

 

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-----END PRIVACY-ENHANCED MESSAGE-----