-----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, DZw5SbDvRlBc39iJzoRxqNjWi9IhbY3VF4Odnx7TQkPCeaDTaZAwQ6zXmtnyk0Ix NqRHD/ssVBH1CAk6ticwog== 0001104659-11-003804.txt : 20110131 0001104659-11-003804.hdr.sgml : 20110131 20110131092326 ACCESSION NUMBER: 0001104659-11-003804 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20110131 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110131 DATE AS OF CHANGE: 20110131 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ACCURIDE CORP CENTRAL INDEX KEY: 0000817979 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 611109077 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32483 FILM NUMBER: 11557759 BUSINESS ADDRESS: STREET 1: ACCURIDE STREET 2: 7140 OFFICE CIRCLE CITY: EVANSVILLE STATE: IN ZIP: 47715 BUSINESS PHONE: 8129625000 8-K 1 a10-24051_108k.htm 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): January 31, 2011

 

ACCURIDE CORPORATION

(Exact Name of Registrant as Specified in Charter)

 

Delaware

 

001-32483

 

61-1109077

(State or Other Jurisdiction
of Incorporation)

 

(Commission
File Number)

 

(IRS Employer
Identification No.)

 

7140 Office Circle, Evansville, IN

 

47715

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code: (812) 962-5000

 

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 (see General Instruction A.2. below):

 

o            Written communications 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)

 

 

 



 

Item 7.01.  Regulation FD Disclosure.

 

On January 31, 2011, Accuride Corporation (the “Company”) issued a press release announcing it has sold substantially all of the assets and business of its subsidiary, Bostrom Seating, Inc. (“Bostrom”), to a subsidiary of Commercial Vehicle Group, Inc. (“Buyer”), a copy of which is filed as Exhibit 99.1 hereto and incorporated by reference herein.  Pursuant to an Asset Purchase Agreement (the “Agreement”) between Bostrom and Buyer, Buyer purchased the acquired assets for a purchase price of $8,785,000 in cash, subject to a potential working capital adjustment, and assumed certain liabilities relating to the acquired business.  Of that cash purchase price, $1 million was placed into a one year escrow securing the indemnification obligations of Bostrom to the Buyer.

 

This information is furnished pursuant to Item 7.01 of this Form 8-K and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, unless the Company specifically incorporates it by reference in a document filed under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act.  By filing this Current Report on Form 8-K and furnishing this information, the Company makes no admission as to the materiality of any information in this report that is required to be disclosed solely by reason of Regulation FD.

 

Item 9.01.  Financial Statements and Exhibits.

 

(d) Exhibits

 

99.1                  Press release, dated January 31, 2011.

 

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.

 

 

 

 

ACCURIDE CORPORATION

Date:

January 31, 2011

 

 

 

 

/s/ Stephen A. Martin

 

 

Stephen A. Martin

 

 

Senior Vice President / General Counsel

 

3


EX-99.1 2 a10-24051_10ex99d1.htm EX-99.1

Exhibit 99.1

 

 

News Release

CORPORATION

 

 

 

 

7140 Office Circle

 

 

P.O. Box 15600

 

 

Evansville, IN47716-0600

 

 

 

 

Investor Contact:

ChadMonroe

 

Phone:

(812) 962-5041

 

 

 

 

Media Contact:

Eva Schmitz

 

Phone:

(812) 962-5011

 

FOR IMMEDIATE RELEASE

 

Accuride Corporation Announces Sale of

Bostrom® Seating

 

EVANSVILLE, Ind. — January 31, 2011 - Accuride Corporation (NYSE: ACW), a leading manufacturer and supplier of commercial vehicle components, today announced the sale of its Bostrom® Seating division to Commercial Vehicle Group, Inc. (Nasdaq: CVGI).

 

“Since acquiring Bostrom Seating as a portion of our 2005 acquisition of Transportation Technologies Industries, Inc., we have continued to build Bostrom’s brand recognition within the industry.  Today, Bostrom’s seats are well-known for their comfort, reliability, and style,” said Bill Lasky, Accuride’s President, CEO, and Chairman of the Board.  “While Bostrom is a solid company with strong customer demand for its products, the seating market is inconsistent with our focus on structural, drivetrain, and wheel-end products for commercial vehicles.  The Bostrom Seating brand and people who are transferring with it will be much better served with CVG’s ownership and diversified product focus on cab systems and components.”

 

“This acquisition further expands our North American presence in certain key end markets and enhances our overall aftermarket position with the addition of the Bostrom Seating brand of products,” said Mervin Dunn, President and Chief Executive Officer of Commercial Vehicle Group.  “Bostrom’s product offering and position in the commercial vehicle seating market, along with our existing operations and strong National and KAB Seating brands make this a strategic opportunity for us.  We look forward to working with Bostrom’s employees, customers and suppliers as we move forward together,” added Dunn.

 

BMO Capital Markets acted as the exclusive financial advisor to Accuride on this transaction.

 

-more-

 



 

Bostrom Seating is a recognized leading supplier of seating product for the North American heavy-truck, aftermarket, bus, and specialty vehicle markets.  For more information, visit Bostrom’s website at http://www.bostromseating.com.

 

Commercial Vehicle Group is a leading supplier of fully integrated system solutions for the global commercial vehicle market, including the heavy-duty truck market, the construction and agriculture markets and the specialty and military transportation markets.  The Company’s products include static and suspension seat systems, electrical wire harness assemblies, controls and switches, structures and components, interior trim systems (including instrument panels, door panels, headliners, cabinetry and floor systems), mirrors and wiper systems specifically designed for applications in commercial vehicle cabs.  The Company, headquartered in New Albany, OH has operations throughout North America, Europe and Asia.  Information about the Company and its products is available on the internet at http://www.cvgrp.com.

 

Accuride Corporation is one of the largest and most diversified manufacturers and suppliers of commercial vehicle components in North America.  Accuride’s products include commercial vehicle wheels, wheel-end components and assemblies, truck body and chassis parts, and other commercial vehicle components.  Accuride’s products are marketed under its brand names, which include Accuride®, Gunite®, ImperialTM, FabcoTM, BrillionTM, and Highway Original®.  For more information, visit Accuride’s website at http://www.accuridecorp.com.

 

###

 


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