-----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, Hiq/Iw89vc2gWw96k/bmxR60St20bOUZSuG7eyXoCUZLP5ZgrLqaOYNQsQmP0R7H INywUg/xpic6GgHfw2AxiQ== 0001144980-04-000060.txt : 20040604 0001144980-04-000060.hdr.sgml : 20040604 20040604133537 ACCESSION NUMBER: 0001144980-04-000060 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040604 ITEM INFORMATION: Other events FILED AS OF DATE: 20040604 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ASBURY AUTOMOTIVE GROUP INC CENTRAL INDEX KEY: 0001144980 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500] IRS NUMBER: 010609375 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31262 FILM NUMBER: 04849325 BUSINESS ADDRESS: STREET 1: 622 THIRD AVENUE STREET 2: 37TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2128852500 MAIL ADDRESS: STREET 1: 622 THIRD AVENUE STREET 2: 37TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 8-K 1 form8kjune404.txt 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): June 4, 2004 ------------------------------------------------- Asbury Automotive Group, Inc. ------------------------------------------------------ (Exact name of registrant as specified in its charter) Delaware ----------------------------------------------------------------------- (State or other jurisdiction of incorporation) 5511 01-0609375 - -------------------------- ------------------------------------- (Commission File Number) (IRS Employer Identification No.) 622 Third Avenue, 37th Floor 10017 ---------------------------------------------- ------------------ (Address of principal executive offices) (Zip Code) (212) 885-2500 --------------------------------------------------- (Registrant's telephone number, including area code) None ------------------------------------------------------------- (Former name or former address, if changed since last report) Item 7. Financial Statements and Exhibits. (c) Exhibits Exhibit No. Description 99.1 Press Release dated June 4, 2004. Item 9. Regulation FD Disclosure The registrant issued a press release on June 4, 2004, announcing that Thomas G. McCollum has been named the new President and CEO of its Texas platform, which press release is attached hereto as Exhibit 99.1. 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. ASBURY AUTOMOTIVE GROUP, INC. Date: June 4, 2004 By: /s/ Kenneth B. Gilman -------------------------------- Name: Kenneth B. Gilman Title: President and Chief Executive Officer EXHIBIT INDEX Exhibit No. Description 99.1 Press Release dated June 4, 2004 EX-99.1 2 mccollumpressrelease.txt MCCOLLUM PRESS RELEASE Reporters May Contact: David Shein RFBinder Partners (212) 994-7514 david.shein@rfbinder.com Investors May Contact: Stacey Yonkus Director, Investor Relations (212) 885-2512 syonkus@asburyauto.com Asbury Automotive Group Names Thomas G. McCollum President and CEO of its Texas Platform NEW YORK, NY June 4, 2004 - Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automobile retailers in the U.S., today announced that Thomas G. McCollum has been named President and CEO of McDavid Auto Group, based in Irving, Texas. Mr. McCollum, who had been Asbury's Vice President of Finance and Insurance ("F&I"), will replace McDavid's current President and CEO, Michael Kane, who has resigned to pursue other interests. The Company is searching for a replacement for Mr. McCollum in the corporate F&I position. The McDavid Auto Group is one of the best-known brands in Texas, having been in its local market for 67 years. Today, the McDavid Group consists of 11 franchises throughout Dallas, Houston, and Austin including Honda, Acura, Lincoln/Mercury, Nissan, Pontiac, GMC, and Buick. Asbury acquired the dealer group in 1998. "We would like to thank Michael Kane and wish him well in his future endeavors," said Asbury CEO Kenneth B. Gilman. "Looking ahead, we feel very fortunate to have Tom McCollum available to take over as CEO in Texas. He is a Texas native with an extensive background in virtually all aspects of automotive retailing, and in the Texas marketplace, in particular. Tom also has a proven track record at Asbury, as F&I has been the fastest-growing part of our business over his three year tenure with the Company." Mr. McCollum, 48, whose automotive career spans more than 25 years, has been with Asbury since April 2001. Previously, he was an Executive Vice President with Aon's Resource Group (formerly Pat Ryan & Associates), where he consulted with many of the nation's leading automotive retailers and consistently demonstrated an ability to improve same-store results with innovative, customer-focused programs. Prior to Aon, Mr. McCollum worked for several dealerships in various capacities. Mr. McCollum is a graduate of Sam Houston University. About Asbury Automotive Group Asbury Automotive Group, Inc., headquartered in New York City, is one of the largest automobile retailers in the U.S., with 2003 revenues of $4.8 billion. Built through a combination of organic growth and a series of strategic acquisitions, Asbury now operates through nine geographically concentrated, individually branded "platforms." These platforms currently operate 102 retail auto stores, encompassing 142 franchises for the sale and servicing of 37 different brands of American, European and Asian automobiles. Asbury believes that its product mix contains a higher proportion of the more desirable luxury and mid-line import brands than most public automotive retailers. The Company offers customers an extensive range of automotive products and services, including new and used vehicle sales and related financing and insurance, vehicle maintenance and repair services, replacement parts and service contracts. Forward-Looking Statements This press release contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. The forward-looking statements include statements relating to goals, plans, projections and guidance regarding the Company's financial position, results of operations, market position, product development, pending and potential future acquisitions and business strategy. These statements are based on management's current expectations and involve significant risks and uncertainties that may cause results to differ materially from those set forth in the statements. These risks and uncertainties include, among other things, market factors, the Company's relationships with vehicle manufacturers and other suppliers which could cause, among other things, acquisitions under contract or letters of intent to fail, risks associated with the Company's substantial indebtedness, risks related to pending and potential future acquisitions, general economic conditions both nationally and locally and governmental regulations and legislation. There can be no guarantees that the Company's plans for future operations will be successfully implemented or that they will prove to be commercially successful. These and other risk factors are discussed in the Company's annual report on Form 10-K and in its other filings with the Securities and Exchange Commission. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. # # # -----END PRIVACY-ENHANCED MESSAGE-----