8-K 1 c00564e8vk.htm CURRENT REPORT e8vk
Table of Contents

 
 
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): December 2, 2005
GATX Financial Corporation
(Exact name of registrant as specified in its charter)
         
Delaware
(State or other jurisdiction of
incorporation) 		  1-8319
(Commission File)
Number) 		  94-1661392
(IRS Employer
Identification No.)
500 West Monroe Street
Chicago, Illinois 60661-3676
(Address of principal executive offices, including zip code)
(312) 621-6200
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the obligation of the registrant under any of the following provisions:
o   Written communication 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))
 
 

 

TABLE OF CONTENTS

Item 2.06 Material Impairments.
Item 9.01 Financial Statements and Exhibits.
SIGNATURE
EXHIBIT INDEX
Press Release

Table of Contents

Item 2.06 Material Impairments.
GATX Financial Corporation (“GFC” or the “Company”) is a wholly-owned subsidiary of GATX Corporation (GATX).
On December 2, 2005, GATX announced that it will sell up to $450 million of aircraft assets (including wholly-owned and joint venture aircraft) and determined that a material impairment charge was required. In connection with these actions, GFC expects to record in the fourth quarter of 2005 a non-cash impairment charge in the range of $180-$210 million ($110-$130 million after-tax) to reflect the write-down of the affected aircraft and aircraft joint venture investments to their estimated fair values. The Company does not anticipate any material future cash expenditures associated with the sales. The sales are expected to be substantially completed by the end of 2006. Changes in estimates of fair values and differences between estimated and actual sales prices may result in incremental losses or gains in future periods.
On December 2, 2005, GATX issued a press release describing the above-referenced charges and disclosing other information. A copy of this press release is attached hereto as an Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
     (c) Exhibits
     Exhibit 99.1           Press Release dated December 2, 2005.

 

Table of Contents

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, thereunto duly authorized.
         
     
  GATX FINANCIAL
CORPORATION 		  
  (Registrant)   
     
 
         
   
 		  
  /s/ Robert C. Lyons    
  Robert C. Lyons   
  Vice-President, Chief
Financial Officer
(Duly Authorized Officer) 		  
 
Date: December 5, 2005

 

Table of Contents

EXHIBIT INDEX
         
Exhibit No.   Description   Method of Filing
99.1
  Press Release of GATX Corporation, dated December 2, 2005.   Filed Electronically