-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, YmKKL1lGXeYsycW7bn3FkZ281KKH9/8yMADBF7fDd/FGkKBMQzkZzJ8cq5yJ77ay pIGQy52Swsub+DO2giIqnQ== 0000950124-94-001464.txt : 19940921 0000950124-94-001464.hdr.sgml : 19940921 ACCESSION NUMBER: 0000950124-94-001464 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19940915 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19940916 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: LEAR SEATING CORP CENTRAL INDEX KEY: 0000842162 STANDARD INDUSTRIAL CLASSIFICATION: 2531 IRS NUMBER: 133386776 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11311 FILM NUMBER: 94549398 BUSINESS ADDRESS: STREET 1: 21557 TELEGRAPH RD CITY: SOUTHFIELD STATE: MI ZIP: 48034 BUSINESS PHONE: 3137461500 MAIL ADDRESS: STREET 1: 21557 TELEGRAPH CORP CITY: SOUTHFIELD STATE: MI ZIP: 48034 FORMER COMPANY: FORMER CONFORMED NAME: LEAR SIEGLER SEATING CORP DATE OF NAME CHANGE: 19900723 8-K 1 FORM 8-K 1 =============================================================================== 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) September 15, 1994 LEAR SEATING CORPORATION (Exact name of registrant as specified in its charter) Delaware 1-11311 13-3386776 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 21557 Telegraph Road, Southfield, MI 48034 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code (810) 746-1500 No Change (Former name or former address, if changed since last report.) =============================================================================== 2 LEAR SEATING CORPORATION ITEM 5: Other Events: The Press release attached as an Exhibit hereto is hereby incorporated and made a part of this current report on Form 8-K. ITEM 7: Financial Statements and Exhibits A. Financial Statements: none B. Exhibits: Description Exhibit ----------- ------- Press Release dated September 16, 1994 99.1 -2- 3 ============================================================================== LEAR SEATING CORPORATION 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 thereunto duly authorized. LEAR SEATING CORPORATION (Registrant) Dated: September 16, 1994 /s/ James H. Vandenberghe ----------------------------------- James H. Vandenberghe Executive Vice President Chief Financial Officer -3- EX-99.1 2 EXHIBIT 99.1 1 EXHIBIT 99.1 [LEAR SEATING CORPORATION LETTERHEAD] NEWS RELEASE FOR RELEASE 9/15/94 8:00 AM CONTACT: LESLIE TOUMA LEAR SEATING CORPORATION (810) 746-1678 JOHN BAILEY CASEY COMMUNICATIONS MANAGEMENT, INC. (810) 746-6070 LEAR ENTERS LETTER OF INTENT TO ACQUIRE FIAT SEAT BUSINESS SOUTHFIELD, MICH., SEPTEMBER 15, 1994 -- Lear Seating Coporation announced that it has entered into a letter of intent with Gilardini S.p.A., that would significantly expand Lear's European operations through the acquisition from Gilardini of its SEPI S.p.A. subsidiary, which is the primary automotive seating system supplier to Fiat, for approximately 250-billion lire, or about $160 million dollars. "We are extremely pleased about the potential merger of SEPI S.p.A. operations with Lear, which would allow Lear to build Fiat seats beginning with the 1995 model year. SEPI will add to our already strong European production and technology capabilities and demonstrates our commmitment to providing interior seat systems to original equipment manufacturers (OEM) around the world," said Ken Way, chariman and CEO of Lear Seating Corporation. Way continued, "Our European sales have grown over 340 percent since 1990. The acquisition of SEPI will increase our global market share and further strengthen our European position as well as allow us the opportunity to expand with Fiat in Eastern Europe and South America." SEPI with 1993 sales of approximately 553 billion lire, or about $350 million dollars, consisting of automobile seats for over 1 million vehicles in 1993 and has approximately 1,800 employees. SEPI currently operates eight production facilities in Italy and the business to be acquired includes two production facilities in Poland. As part of the acquisition, Lear would also acquire SEPI's minority interests in Spain and Turkey. In connection with this acquisition, Lear and Fiat will enter into a supply agreement for SEPI to provide substantially all of Fiat's European automotive seat requirements. Consummation of the acquisition is subject to certain conditions, including Lear satisfactorily completing its due diligence review and the negotiation and signing of definitive documentation. Lear Seating Corporation is a publicly traded Fortune 500 company on the New York Stock Exchange (LEA) and is a leading independent supplier of seat systems. Lear produced over 11 million automobile seats in 1993 and employs approximately 19,500 workers in 60 facilities worldwide with sales of $1.95 billion for the 12 months ended December 31, 1993. * * * -----END PRIVACY-ENHANCED MESSAGE-----