0001193125-14-264358.txt : 20140709 0001193125-14-264358.hdr.sgml : 20140709 20140709172259 ACCESSION NUMBER: 0001193125-14-264358 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20140709 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20140709 DATE AS OF CHANGE: 20140709 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Commercial Vehicle Group, Inc. CENTRAL INDEX KEY: 0001290900 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 411990662 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34365 FILM NUMBER: 14967846 BUSINESS ADDRESS: STREET 1: 7800 WALTON PARKWAY CITY: NEW ALBANY STATE: OH ZIP: 43054 BUSINESS PHONE: 614 289 5360 MAIL ADDRESS: STREET 1: 7800 WALTON PARKWAY CITY: NEW ALBANY STATE: OH ZIP: 43054 8-K 1 d755405d8k.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): July 9, 2014

 

 

Commercial Vehicle Group, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-34365   41-1990662

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

7800 Walton Parkway, New Albany, Ohio   43054
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: 614-289-5360

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:

 

¨ 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 7.01. Regulation FD Disclosure.

On July 9, 2014, Commercial Vehicle Group, Inc. issued a press release which is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information furnished in Exhibit 99.1 to this Current Report on Form 8-K is not deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. Registration statements or other documents filed with the Securities and Exchange Commission shall not incorporate this information by reference, except as otherwise expressly stated in such filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

 

Exhibit

No.

  

Description

99.1    Press Release dated July 9, 2014.

 

2


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.

 

    COMMERCIAL VEHICLE GROUP, INC.
July 9, 2014     By:  

/s/ C. Timothy Trenary

    Name:   C. Timothy Trenary
    Title:   Chief Financial Officer

 

3


EXHIBIT INDEX

 

Exhibit
No.

  

Description

99.1    Press Release dated July 9, 2014.

 

4

EX-99.1 2 d755405dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

 

LOGO

FOR IMMEDIATE RELEASE

COMMERICAL VEHICLE GROUP ANNOUNCES REALIGNMENT OF ITS EXECUTIVE LEADERSHIP TEAM

NEW ALBANY, Ohio, July 9, 2014 /PRNewswire/ — Commercial Vehicle Group, Inc. (“CVG” or the “Company”) (Nasdaq: CVGI), announced the realignment of its executive leadership team, effective July 7, 2014.

Under the new structure, Ulf Lindqwister will join CVG, effective August 4, in the capacity of Chief Administrative Officer with responsibility for Global Information Technology, Global Research & Development, Global Supply Chain Management, Operational Excellence, Mergers & Acquisitions, Corporate Business Development, Strategic Planning and Government Affairs. Lindqwister comes to CVG from Caterpillar, where he served most recently as the Manager of Growth, M & A, and External Relationships for CAT Electronics. Ulf holds a PhD in Physics from Princeton University and a Masters of Business Administration from The Anderson School of Business at UCLA.

The Company also announced the realignment of its Aftermarket business, with the North American Aftermarket business now reporting to Pat Miller in his capacity of President of Global Truck & Bus. Geoff Perich, Asia Pacific Managing Director, will assume responsibility for the APAC Aftermarket business and Kevin Lane, European, Middle Eastern and African Manager Director, will assume responsibility for the EMEA Aftermarket business. Kevin Frailey, President of Global Construction, Agriculture and Military, continues in this same capacity.

In connection with these organizational changes , Timo Haatanen, President of Global Aftermarket and Bob Averitt, Chief Information Officer, are no longer with the Company.

Rounding out the executive leadership team are Chief Financial Officer, Timothy Trenary; General Counsel, Chief Compliance Officer and Secretary, Brent Walters; and Chief Human Resources Officer, Laura Macias.

“The recent refinement of our executive leadership team to include Managing Directors in both the APAC and EMEA geographies creates an opportunity for us to now more readily address the unique local needs of our Aftermarket customers in all of the geographies we serve,” said Rich Lavin, President and CEO of Commercial Vehicle Group.” “I am extremely confident in the leadership of our global and regional operations executives to deploy our efforts and resources to position the Company for future profitable growth.”

“I look forward to welcoming Ulf to CVG next month and supporting him in this critical new role. His skill set and experience is well suited to more effectively focus our product design, and manufacturing and operating cost structure initiatives in support of our product line management structure. Ulf is an outstanding addition to a strong leadership team focused on delivering industry-leading results,” added Lavin.

About Commercial Vehicle Group, Inc.

Commercial Vehicle Group, Inc. is a Delaware (USA) corporation. We were formed as a privately-held company in August 2000. We became a publicly held company in 2004. The Company (and its subsidiaries) is a leading supplier of a full range of cab related products and systems for the global commercial vehicle market, including the heavy-duty (Class 8) truck market, the medium-and heavy-construction vehicle markets, the military, bus, agriculture, specialty transportation, mining, industrial equipment and off-road recreational (ATV/UTV) markets. Information about the Company and its products is available on the internet at www.cvgrp.com.


Forward-Looking Statements

This press release contains forward-looking statements that are subject to risks and uncertainties. These statements often include words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or similar expressions. In particular, this press release may contain forward-looking statements about Company expectations for future periods with respect to its plans to improve financial results and enhance the Company, the future of the Company’s end markets, Class 8 North America build rates, performance of the global construction equipment business, expected cost savings, enhanced shareholder value and other economic benefits of the consulting services, the Company’s initiatives to address customer needs, organic growth, the Company’s economic growth plans to focus on certain segments and markets and the Company’s financial position or other financial information. These statements are based on certain assumptions that the Company has made in light of its experience in the industry as well as its perspective on historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. Actual results may differ materially from the anticipated results because of certain risks and uncertainties, including but not limited to: (i) general economic or business conditions affecting the markets in which the Company serves; (ii) the Company’s ability to develop or successfully introduce new products; (iii) risks associated with conducting business in foreign countries and currencies; (iv) increased competition in the heavy-duty truck, construction, aftermarket, military, bus, agriculture and other markets; (v) the Company’s failure to complete or successfully integrate strategic acquisitions; (vi) the impact of changes in governmental regulations on the Company’s customers or on its business; (vii) the loss of business from a major customer or the discontinuation of particular commercial vehicle platforms; (viii) the Company’s ability to obtain future financing due to changes in the lending markets or its financial position; (ix) the Company’s ability to comply with the financial covenants in its revolving credit facility; (x) the Company’s ability to realize the benefits of its cost reduction and strategic initiatives; (xi) a material weakness in our internal control over financial reporting which could, if not remediated, result in material misstatements in our financial statements; (xii) volatility and cyclicality in the commercial vehicle market adversely affecting us; and (xiii) various other risks as outlined under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for fiscal year ending December 31, 2013. There can be no assurance that statements made in this press release relating to future events will be achieved. The Company 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. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on behalf of the Company are expressly qualified in their entirety by such cautionary statements.

SOURCE Commercial Vehicle Group, Inc.

Terry Hammett, Investor Relations, Commercial Vehicle Group, Inc., (614) 289-5384

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