0000950103-19-004827.txt : 20190416 0000950103-19-004827.hdr.sgml : 20190416 20190416115110 ACCESSION NUMBER: 0000950103-19-004827 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190416 ITEM INFORMATION: Other Events FILED AS OF DATE: 20190416 DATE AS OF CHANGE: 20190416 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TOYOTA MOTOR CREDIT CORP CENTRAL INDEX KEY: 0000834071 STANDARD INDUSTRIAL CLASSIFICATION: PERSONAL CREDIT INSTITUTIONS [6141] IRS NUMBER: 953775816 STATE OF INCORPORATION: CA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09961 FILM NUMBER: 19750301 BUSINESS ADDRESS: STREET 1: 6565 HEADQUARTERS DRIVE, W2-3D CITY: PLANO STATE: TX ZIP: 75024 BUSINESS PHONE: (469) 486-9013 MAIL ADDRESS: STREET 1: 6565 HEADQUARTERS DRIVE, W2-3D CITY: PLANO STATE: TX ZIP: 75024 8-K 1 dp105193_8k.htm 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):

April 16, 2019

 

TOYOTA MOTOR CREDIT CORPORATION

 

(Exact Name of Registrant as Specified in its Charter)

 

California 1-9961 95-3775816
     
(State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)
 

6565 Headquarters Drive 

Plano, TX 75024

 
(Address of principal executive offices, including zip code)
 
(469) 486-9300
 
(Registrant's telephone number, including area code)
 
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 (see General Instruction A.2. below):

 

☐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))

 

 

 

 

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

Item 8.01 Other Events.

 

On April 16, 2019, Toyota Motor Credit Corporation (the “Company”) announced that it will restructure its field operations to better serve its dealer partners, by streamlining the Company’s field office structure and investing in new technology. Over the next two years, the Company will consolidate the field operations currently located at its 29 dealer sales and services offices, three regional management offices and two dealer funding teams into three new regional dealer service centers located in Chandler, Arizona (serving the West region), Plano, Texas (serving the Central region) and Atlanta, Georgia (serving the East region). The dealer lending function will be centralized at the new dealer service center located in Plano, Texas.

 

We note that there are uncertainties related to the restructuring of the field operations. The Company can give no assurance that the restructuring will be completed as planned or within the expected timing.  In addition, the restructuring may involve significant cost to the Company and expected benefits may not be fully realized due to associated disruption to field operations and personnel.

 

Forward-looking Statements

 

All statements in this report that do not directly and exclusively relate to historical facts constitute “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on the Company’s current expectations and currently available information. Actual results and events in future periods may differ materially from these expectations due to certain risks, uncertainties and other important factors, including the risk factors set forth in the most recent annual and periodic reports of the Company. The Company does not undertake to update the forward-looking statements to reflect actual results or changes in the factors affecting the forward-looking statements.

 

 

 


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.

 

         
    TOYOTA MOTOR CREDIT CORPORATION  
         
         
         
Date: April 16, 2019   By:     /s/ Katherine Adkins  
      Katherine Adkins  
      Group Vice President, General Counsel  
      and Secretary