8-K

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 14, 2003

AMERICAN TIRE DISTRIBUTORS, INC.
(Exact Name of Registrant as Specified in Its Charter)

Delaware	333-61713	56-0754584
(State or Other Jurisdiction	(Commission	(I.R.S. Employer
of Incorporation)	File Number)	Identification Number)

12200 Herbert Wayne Court, Suite 150 (28078), P.O. Box 3145
Huntersville, North Carolina	28070-3145
(Address of Principal Executive Offices)	(Zip Code)

(704) 992-2000
(Registrant’s Telephone Number, Including Area Code)

N/A
(Former Name or Former Address, if Changed Since Last Report)

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

     (a)  Not applicable.

     (b)  Not applicable.

     (c)  Exhibits.

     99.1   Press Release dated May 14, 2003.

     99.2   Reconciliation of income from continuing operations to EBITDA.

Item 9. Regulation FD

     The following information is being furnished pursuant to “Item 12 – Results of Operations and Financial Condition” of Form 8-K in accordance with interim guidance issued by the Securities and Exchange Commission in Release No. 33-8216.

     On May 14, 2003, American Tire Distributors, Inc. issued a press release to report its financial results for the quarter ended March 29, 2003. The release is furnished as Exhibit 99.1 to this report. A reconciliation of income from continuing operations to EBITDA is furnished as exhibit 99.2 to this report.

2

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 hereunto duly authorized.

Date:   May 15, 2003
	AMERICAN TIRE DISTRIBUTORS, INC.
	/s/ Richard P. Johnson
	Richard P. Johnson
	Chairman and Chief Executive Officer

3 EX-99.1 3 g82998exv99w1.htm PRESS RELEASE DATED MAY 14, 2003

[American Tire Distributors Logo]

Media inquiries:	Investor inquiries:
Jason Shannon American Tire Distributors (704) 632-7148 jshannon@americantiredistributors.com	Mike Gaither American Tire Distributors (704) 632-7110 mgaither@americantiredistributors.com

For Immediate Release

American Tire Distributors Reports $6.1 Million Sales Increase

Operating Expenses Continue Sharp Decline

Charlotte, N.C. (May 14, 2003) – American Tire Distributors, Inc., a nationwide distributor of tires, wheels and automotive accessories, today announced its operating results for the quarter ended March 29, 2003.

Sales for the first quarter improved 2.4% or $6.1 million, amid an industry-wide slowdown, to $257.7 million versus $251.6 million in the first quarter 2002. EBITDA from continuing operations decreased $0.2 million to $7.2 million in the first quarter of 2003 compared to $7.4 million in the first quarter of 2002.

“As the industry in total reports declining sales, our team has made a tremendous investment in outpacing the industry’s growth and increasing our market share,” said Richard P. “Dick” Johnson, Chairman and Chief Executive Officer of American Tire Distributors. “By continuing to initiate activities that provide improved service to our customers, we are beginning to reap the benefits of increased sales.”

Due in large part to a 4.7% reduction in operating expenses and a 40.7% reduction in interest expense, American Tire Distributors reported net income of $1.0 million for the quarter compared to net income of $29.2 million in first quarter 2002. Net income from first quarter 2002 included the $30.0 million net gain on repurchase of the Company’s Series D Senior Notes transacted March 27, 2002. The decrease in interest expense is primarily attributable to reduced interest cost on the outstanding Series D Senior Notes.

“I am excited about new opportunities that open up for us as sales get stronger and our operations become even more efficient,” said Johnson. “With a firm financial foundation in place, we are continuing to execute our long-term growth strategy.”

About American Tire Distributors

American Tire Distributors is one of the nation’s largest independent suppliers of tires to the replacement tire market. It operates 62 distribution centers servicing 35 states. The Company is focused on helping independent tire dealers compete with larger retailers by offering the most complete, coast-to-coast selection of tires, wheels and related products and value-added services. American Tire Distributors employs more than 200 people in its Charlotte-area headquarters, distribution center and regional hub and 1,900 employees across its nationwide distribution center network.

EX-99.2 4 g82998exv99w2.htm RECONCILIATION OF INCOME

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Reconciliation of income from continuing operations to EBITDA:

	For the Quarter Ended
	March 29, 2003		March 30, 2002
	in thousands
Income from continuing operations	$	986	$	29,353
Interest expense, net		3,756		6,329
Provision for income taxes		658		19,576
Depreciation and amortization other intangibles		1,759		2,093
Gain on repurchase of Series D Senior Notes		—		(49,965	)
EBITDA	$	7,159	$	7,386

EBITDA includes earnings from continuing operations before interest, taxes, depreciation and amortization and gain on repurchase of Series D Senior Notes and should not be considered an alternative to, or more meaningful than, net income or cash flow as determined in accordance with generally accepted accounting principles.

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EX-99.1

Press Release dated May 14, 2003

EX-99.2

Reconciliation of income