-----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, OU6PIoQQPV6stDVIGXRNh7qWDwFJISd28/yl+YNvC9d+xQs9WFXzVY93LL+OR3xk G1ntnrXXdnCeH2qhwPYZZQ== 0000899751-10-000033.txt : 20100611 0000899751-10-000033.hdr.sgml : 20100611 20100611074000 ACCESSION NUMBER: 0000899751-10-000033 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100611 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100611 DATE AS OF CHANGE: 20100611 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TITAN INTERNATIONAL INC CENTRAL INDEX KEY: 0000899751 STANDARD INDUSTRIAL CLASSIFICATION: STEEL WORKS, BLAST FURNACES ROLLING MILLS (COKE OVENS) [3312] IRS NUMBER: 363228472 STATE OF INCORPORATION: IL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12936 FILM NUMBER: 10891562 BUSINESS ADDRESS: STREET 1: 2701 SPRUCE ST CITY: QUINCY STATE: IL ZIP: 62301 BUSINESS PHONE: 2172286011 MAIL ADDRESS: STREET 1: 2701 SPRUCE ST CITY: QUINCY STATE: IL ZIP: 62301 FORMER COMPANY: FORMER CONFORMED NAME: TITAN WHEEL INTERNATIONAL INC DATE OF NAME CHANGE: 19930403 8-K 1 form8k.htm TITAN INTERNATIONAL, INC. FORM 8-K JUNE 11, 2010 form8k.htm  

 

 
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):  June 11, 2010
 
TITAN INTERNATIONAL, INC.
(Exact name of Registrant as specified in its Charter)


Illinois
1-12936
36-3228472
(State of Incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)

2701 Spruce Street, Quincy, IL 62301
 (Address of principal executive offices, including Zip Code)

(217) 228-6011
(Registrant’s telephone number, including area code)


Check the appropriate box below if the Form 8-K filling is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:

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))
 
 
 

 
 
INFORMATION TO BE INCLUDED IN THIS REPORT
 
Item 7.01  REGULATION FD DISCLOSURE

Titan International, Inc. announces expiration and final results of tender offer for its 8% Senior Unsecured Notes due 2012.  See press release dated June 11, 2010.
 
 
Item 9.01  FINANCIAL STATEMENTS AND EXHIBITS
 
(c)           Exhibits
 
 
99
Titan International, Inc.’s press release dated June 11, 2010, regarding Titan announcing expiration and final results of tender offer for its 8% Senior Unsecured Notes due 2012.
 
 
 
 

 
 
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.
 

 
TITAN INTERNATIONAL, INC.
 
(Registrant)

Date:  
June 11, 2010
By:  
/s/ Kent W. Hackamack
     
Kent W. Hackamack
     
Vice President of Finance and Treasurer
     
(Principal Financial Officer)
       

 
 

 

EXHIBIT INDEX
 
Exhibit No.
Description
   
99
Titan International, Inc.’s press release dated June 11, 2010, regarding Titan announcing expiration and final results of tender offer for its 8% Senior Unsecured Notes due 2012.

 
EX-99 2 ex99.htm PRESS RELEASE DATED JUNE 11, 2010 ex99.htm  

 
Exhibit 99

 
Titan Announces Expiration and Final Results of Tender Offer
for its 8% Senior Unsecured Notes Due 2012

QUINCY, Ill. - June 11, 2010 - Titan International, Inc. (NYSE: TWI) today announced that the tender offer for its 8% Senior Unsecured Notes due 2012 (the “Senior Notes”) expired at 12:00 midnight, New York City time, on June 10, 2010 (the “Expiration Time”).  As of the Expiration Time, according to information provided by the tender agent, $47,352,000 principal amount of the Senior Notes, representing 24.4% of the principal amount outstanding, had been validly tendered and not validly withdrawn, of which $46,352,000 aggregate principal amount, representing approximately 23.9% of the principal amount outstanding had been validly tendered on or before 5:00 p.m., New York City time, on May 26, 2010 (the “Early Tender Time”).  All Senior Notes validly tendered and not validly withd rawn have been accepted for payment.
 
In connection with Titan’s previously announced early settlement election, Titan paid $1,050 per $1,000 principal amount of Senior Notes (the “Total Consideration”) to holders of the Senior Notes, who tendered their Senior Notes prior to the Early Tender Time, on June 7, 2010.  The Total Consideration included an early tender premium of $50 per $1,000 principal amount of Senior Notes.  Holders of these Senior Notes also received accrued and unpaid interest up to but not including the settlement date of June 7, 2010.
 
Holders of the Senior Notes who validly tendered their Senior Notes after the Early Tender Time, but on or prior to the Expiration Time, and did not validly withdraw such Senior Notes and which Senior Notes have been accepted for purchase, will receive the tender offer consideration of $1,000 per $1,000 principal amount of Senior Notes (the “Tender Offer Consideration”).  There was $1,000,000 principal amount of Senior Notes tendered after the Early Tender Time, but on or prior to the Expiration Time.  Holders of the Senior Notes tendered after the Early Tender Time will not receive the early tender premium.   On June 14, 2010, Titan shall pay the Tender Offer Consideration and accrued and unpaid interest up to but not including the settlement date of June 14, 2010, to the holders of the Seni or Notes, who tendered their Senior Notes after the Early Tender Time but on or prior to the Expiration Time.
 
The sole dealer manager for the tender offer was Goldman, Sachs & Co and Global Bondholder Services Corporation was the information agent for the tender offer.  The tender offer was made solely by means of the offer to purchase, the related letter of transmittal and the press release, dated May 27, 2010.  Under no circumstances shall this press release constitute an offer to purchase or the solicitation of an offer to sell the Senior Notes or any other securities of the company.
 
This press release includes forward-looking statements that involve risks and uncertainties, including risks as detailed in Titan International, Inc.’s periodic filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2009. The company cautions that any forward-looking statements included in this press release are subject to a number of risks and uncertainties and the company undertakes no obligation to publicly update or revise any forward-looking statements.
 
Titan International, Inc., a holding company, owns subsidiaries that supply wheels, tires and assemblies for off-highway equipment used in agricultural, earthmoving/construction and consumer (including all terrain vehicles) applications.

 
Contact: Courtney Leeser
Communications Coordinator
(217) 221-4489
-----END PRIVACY-ENHANCED MESSAGE-----