-----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, A+Mz4tyqNRXqPu31vItKHv1hlHrW05wIMtYarYrUrJYTDylpJ0zN+y6vfzOAwXN+ fFnk8102rnxdKCMlVZlcHw== 0001157523-05-009356.txt : 20051028 0001157523-05-009356.hdr.sgml : 20051028 20051027191857 ACCESSION NUMBER: 0001157523-05-009356 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20051027 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20051028 DATE AS OF CHANGE: 20051027 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STANDARD PARKING CORP CENTRAL INDEX KEY: 0001059262 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-AUTO RENTAL & LEASING (NO DRIVERS) [7510] IRS NUMBER: 161171179 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-50796 FILM NUMBER: 051161095 BUSINESS ADDRESS: STREET 1: 900 N. MICHIGAN AVENUE CITY: CHICAGO STATE: IL ZIP: 60611-1542 BUSINESS PHONE: 2185220700 MAIL ADDRESS: STREET 1: 900 N. MICHIGAN AVENUE CITY: CHICAGO STATE: IL ZIP: 60611-1542 FORMER COMPANY: FORMER CONFORMED NAME: APCOA STANDARD PARKING INC /DE/ DATE OF NAME CHANGE: 20011126 FORMER COMPANY: FORMER CONFORMED NAME: APCOA INC DATE OF NAME CHANGE: 19980407 8-K 1 a5006637.txt STANDARD PARKING CORPORATION UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section l3 and l5(d) of the Securities Exchange Act of l934 October 27, 2005 Date of report (date of earliest event reported) STANDARD PARKING CORPORATION (Exact Name of Registrant as Specified in Its Charter) Delaware (State or Other Jurisdiction of Incorporation) 000-50796 16-1171179 --------- ---------- (Commission File Number) (IRS Employer Identification No.) 900 N. Michigan Avenue, Suite 1600, Chicago, Illinois 60611 (Address of Principal Executive Offices) (Zip Code) (312) 274-2000 (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 October 27, 2005, the Registrant issued a press release announcing an update of the estimated financial impact of Hurricane Katrina. A copy of this press release is furnished with this Form 8-K as Exhibit 99.1. Item 9.01. Financial Statements and Exhibits. (c) Exhibits 99.1 Press Release dated October 27, 2005. 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. STANDARD PARKING CORPORATION Date: October 27, 2005 By: /s/ G. MARC BAUMANN ------------------------ G. Marc Baumann, Chief Financial Officer INDEX TO EXHIBITS EXHIBIT DESCRIPTION OF EXHIBIT - ------- ---------------------- 99.1 Press Release dated October 27, 2005. EX-99.1 2 a5006637ex991.txt EXHIBIT 99.1 Exhibit 99.1 Standard Parking Provides Update of Estimated Financial Impact of Hurricane Katrina CHICAGO--(BUSINESS WIRE)--Oct. 27, 2005--Standard Parking Corporation (NASDAQ:STAN), one of the nation's leading providers of parking management services, today said that its 2005 third and fourth quarter financial results will be impacted by the effects from Hurricane Katrina. The Company expects Hurricane Katrina's impact on reported net income for the third and fourth quarters of 2005 to be approximately $0.7 million and $0.7 million less than was realized in the third and fourth quarters of 2004, respectively. The $0.7 million impact on the 2005 third quarter is comprised of a $0.2 million reduction in net income from operations and the recording in that quarter of the entire $0.5 million deductible that the Company expects to incur in connection with the Hurricane related insurance claim that the Company will file. The $0.7 million impact on the 2005 fourth quarter is due to a reduction in net income from operations. The Company estimates that its full year 2006 net income from the operations affected by the Hurricane will be $0.4 million more than its projected 2005 full year net income from those operations, due primarily to the fact that the 2005 net income from those operations was reduced by the recording of the $0.5 million insurance deductible. By the fourth quarter of 2006, the Company expects to have resumed operations at substantially all of the facilities that it was operating prior to the Hurricane. The Company also estimates that it has sustained insured property damage from the Hurricane in excess of $2.7 million. The Company believes that it is entitled to recover the total amount of all losses that it has sustained as a result of Hurricane Katrina, less a deductible that the Company has calculated to be approximately $0.5 million. The Company will file an insurance claim to recover its losses, and will work closely with its insurance brokers, consultants and advisors in an attempt to expedite a final resolution of its claim in 2006. DISCLOSURE NOTICE: The information contained in this document is as of October 27, 2005. This document contains forward-looking information about the Company's financial results that involve substantial risks and uncertainties. You can identify these statements by the fact that they use words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "outlook," and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. Among the factors that could cause actual results to differ materially are the following: No assurances can be provided regarding (i) the precise amount of net income that will have been lost, or the precise amount of property damage that will have been sustained, in New Orleans as a result of Hurricane Katrina, (ii) the precise amount of the insurance claim that the Company therefore will file, (iii) the deductible amount that the insurance carrier may seek to apply if it contends that some or all of the loss is attributable to flood as opposed to windstorm, or (iv) the actual amount of recovery that will be realized under the Company's insurance claim. Additional risks, uncertainties, and other matters can be found in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2004, in its periodic reports on Forms 10-Q and 8-K, and in its Registration Statement on Form S-1 (333-112652). The Company assumes no obligation to update any forward-looking statements contained in this document as a result of new information or future events or developments. CONTACT: Standard Parking Corporation G. Marc Baumann, 312-274-2199 mbaumann@standardparking.com -----END PRIVACY-ENHANCED MESSAGE-----