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): August 21, 2006

Genuine Parts Company
__________________________________________
(Exact name of registrant as specified in its charter)

Georgia	001-05690	58-0254510
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)
2999 Circle 75 Pkwy, Atlanta, Georgia		30339
_________________________________ (Address of principal executive offices)		___________ (Zip Code)

Registrant’s telephone number, including area code: 770.953.1700

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 8.01 Other Events.

On August 21, 2006, the Board of Directors of Genuine Parts Company declared a regular quarterly cash dividend of $.3375 cents per share on the Company's common stock. The dividend is payable October 2, 2006 to shareholders of record September 8, 2006. Additionally, on August 21, 2006, the Board of Directors increased the number of shares of its common stock authorized for repurchase by 15 million shares. A copy of the press release is furnished with this Current Report on Form 8-K as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

c) Exhibits

99.1 Press Release dated August 21, 2006

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.

	Genuine Parts Company
August 21, 2006	By:	Jerry W. Nix
		Name: Jerry W. Nix
		Title: Vice Chairman and CFO

Exhibit Index

Exhibit No.	Description
99.1	Press Release dated August 21, 2006

EX-99.1

FOR IMMEDIATE RELEASE

Contact: Jerry W. Nix, Vice Chairman and CFO
(770) 612-2048

GENUINE PARTS COMPANY
DECLARES REGULAR QUARTERLY DIVIDEND
AND ANNOUNCES ADDITIONAL 15 MILLION SHARE REPURCHASE PROGRAM

Atlanta, Georgia, August 21, 2006 — The Board of Directors of Genuine Parts Company
(NYSE: GPC) declared a regular quarterly cash dividend of thirty-three and three quarter cents ($.3375) per share on the Company’s common stock.

The dividend is payable October 2, 2006 to shareholders of record September 8, 2006.

Tom Gallagher, Chairman, President and Chief Executive Officer of Genuine Parts Company also announced today the Company has increased the number of shares of its common stock authorized for repurchase by 15 million shares. Mr. Gallagher stated, “The Company will continue to make purchases from time to time on the open market or in unsolicited negotiated transactions.”

The Company’s share repurchase program originally authorized the repurchase of 15 million shares in August 1994 and an additional 15 million shares were authorized in April 1999. Through the current date, the Company has purchased 29 million shares under this program and remains authorized to complete the purchase of the 1 million shares outstanding. Mr. Gallagher concluded, “We are pleased with the progress in the current repurchase program and believe this additional authorization will help to further enhance shareholder value.”

About Genuine Parts Company

Genuine Parts Company is a distributor of automotive replacement parts in the U.S., Canada and Mexico. The Company also distributes industrial replacement parts in the U.S. and Canada through its Motion Industries subsidiary. S. P. Richards Company, the Office Products Group, distributes office products nationwide in the U.S. and in Canada. The Electrical/Electronic Group, EIS, Inc., distributes electrical and electronic components throughout the U.S. and in Canada and Mexico. Genuine Parts Company had 2005 revenues of $9.8 billion.