-----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, K+n456DYyOYkUYIj01kPi/l9M2Ho1CRkUjlgDvBSVu7bevwa1u/r1LPcPK19KAjp i+MzYi6Uuj2662ikfpg/Vw== 0000950144-04-010383.txt : 20041103 0000950144-04-010383.hdr.sgml : 20041103 20041103163650 ACCESSION NUMBER: 0000950144-04-010383 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20041029 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041103 DATE AS OF CHANGE: 20041103 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALLIED HOLDINGS INC CENTRAL INDEX KEY: 0000909950 STANDARD INDUSTRIAL CLASSIFICATION: TRUCKING (NO LOCAL) [4213] IRS NUMBER: 580360550 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13867 FILM NUMBER: 041116749 BUSINESS ADDRESS: STREET 1: 160 CLAIRMONT AVE STREET 2: STE 200 CITY: DECATUR STATE: GA ZIP: 30030 BUSINESS PHONE: 4043701100 MAIL ADDRESS: STREET 1: 160 CLAIREMONT AVENUE SUITE 200 CITY: DECATUR STATE: GA ZIP: 30030 8-K 1 g91608e8vk.htm ALLIED HOLDINGS, INC. ALLIED HOLDINGS, INC.
 

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)
  October 29, 2004
 
 

ALLIED HOLDINGS, INC.

(Exact Name of Registrant as Specified in its Charter)
         
Georgia   0-22276   58-0360550
  		 
  		 
 
(State or Other Jurisdiction
of Incorporation) 		  (Commission
File Number)		   (IRS Employer
Identification No.)
         
160 Clairmont Avenue, Suite 200, Decatur, Georgia   30030
(Address of Principal Executive Offices)		  
(Zip Code)
     
Registrant’s telephone number, including area code
  (404) 373-4285
 
 

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:

      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 1.01 Entry into a Material Definitive Agreement.

     On October 29, 2004, Allied Holdings, Inc. (the “Company”), entered into an Amendment (the “October Amendment”) to its vehicle delivery agreement with DaimlerChrysler Corporation (the “Agreement”). The October Amendment extends the term of the Agreement from January 31, 2005 until September 30, 2005 and, effective October 1, 2004, increases the rates to be paid by DaimlerChrysler to the Company. In addition, under the terms of the Agreement, beginning in November 2004, the Company will cease performing all or a portion of its vehicle delivery services for DaimlerChrysler at six locations in North America. The Company generated approximately $13.5 million in revenues from these vehicle delivery services in 2003. The Company will continue to serve DaimlerChrysler at 24 locations in North America. The Company’s operations for DaimlerChrysler at these 24 locations generated approximately $80.2 million in revenues in 2003.

     A copy of the October Amendment and the Company’s press release announcing the execution of the October Amendment are filed herewith.

Item 9.01 Financial Statements and Exhibits.

     (c) Exhibits

     
10.16(b)**
  Amendment dated October 29, 2004 to the Agreement between the Company and DaimlerChrysler Corporation.
 
    
99.1
  Press Release of the Company dated October 29, 2004 regarding the execution of the October Amendment.

**   Confidential treatment has been requested and/or granted with respect to portions of this exhibit.

 

 

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.

             
    ALLIED HOLDINGS, INC.
Dated: November 3, 2004   By:   /s/ David A. Rawden    
       
 
        Name: David A. Rawden
Title: Executive Vice President and Chief Financial Officer		    

 

 

EXHIBIT INDEX

     
Exhibit No.
   Description of Exhibit
10.16(b)**
  Amendment dated October 29, 2004 to the Agreement between the Company and DaimlerChrysler Corporation.
 
    
99.1
  Press Release of the Company dated October 29, 2004 regarding the execution of the October Amendment.

**   Confidential treatment has been requested and/or granted with respect to portions of this exhibit.

 

EX-10.16(B) 2 g91608exv10w16xby.txt EX-10.16(B) AMENDMENT DATED OCTOBER 29, 2004 EXHIBIT 10.16(b) (DAIMLERCHRYSLER LOGO) DAIMLERCHRYSLER CORPORATION (CHRYSLER) WITH A BUSINESS ADDRESS AT 800 CHRYSLER DRIVE EAST AUBURN HILLS, MI 48326-2757, HEREBY AGREES TO PURCHASE AND Allied Systems MOTOR CARRIER 160 Clairmont Avenue, Suite 500 TRANSPORTATION Decatur, GA 30030 CONTRACT (CARRIER) AGREES TO SELL AND DELIVER THE SERVICES ALZS1, AUHL, TPPP1 SPECIFIED HEREIN IN ACCORDANCE WITH THE TERMS AND Amendment #5 CONDITIONS ON THE FACE AND REVERSE SIDE HEREOF AND ANY NUMBERED ATTACHMENTS HERETO. - -------------------------------------------------------------------------------- DESCRIPTION OF SERVICES - -------------------------------------------------------------------------------- COMMODITIES: MOTOR VEHICLES STCC: 37-11 EFFECTIVE DATE: 10-01-04 TERMINATION DATE: 9-30-05 PAYMENT TERMS: [XXXXXXX] ----------- --------- -------- This amendment extends the current contract for 1 year at the revised rates as stated by percentage increases in the attachment. (See Attachment #1) Other than the specific terms below, all terms of the previous contract will be in effect. NOTES: 1. This contract is designed to meet the distinct needs of DaimlerChrysler. 2. Carrier agrees to participate in the DaimlerChrysler MCM program and 2nd Tier Minority sourcing program. 3. Carrier agrees to observe requirements stated in the DaimlerChrysler Vehicle Shipping Manual. 4. Allied agrees that the proposed increase for Dodge City rates will cover current plant models. 5. Rates will be effective beginning Oct. 1st 2004. 6. Transition & Inventory Turnover for Reisor, Jacksonville, Buffalo, Memphis, Dixiana and the shuttle route of Brampton to Agincourt will be effective November 24th unless DCX is agreeable to an interim pricing adjustment of [XXX] to existing rates effective November 24th until transition is completed provided that such transition occurs no later than January 8, 2005 unless otherwise mutually agreed. 7. The Releasing and Rail Loading rates will remain fixed from the previous contract without an increase. 8. Allied will continue on the DCX fuel adjustment Program 9. [XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXX]. 10. Contract Extension: A contract proposal for current business must be provided to DCX no later than 6 months prior to the contract termination date, failure by Allied to provide a full proposal covering existing business 6 months prior contract expiration, will result in a contract extension at current rates for a period of time equal to the delay in which DCX experiences in receiving said proposal. DCX-Option. 11. In the event of conflict, the terms of this contract supercedes all previous contracts. 12. Carrier is responsible to submit all freight charges with appropriate backup to DCX within [XXX] days from the date of service. All overcharge claims and balance dues must be submitted within [XXX] days from the date of shipment. The burden of all claims is on the claimant. - -------------------------------------------------------------------------------- ALLIED SYSTEMS DAIMLERCHRYSLER CORPORATION By: /s/ Tommy Duffy By: /s/ J.L. Terry -------------------------- ------------------------------ Tommy Duffy J.L. Terry Executive Vice President Sr. Manager, Vehicle Logistics DATE:10/29/2004 ATTACHMENT 1: AGREED UPON PERCENTAGE INCREASES TO EXISTING RATES RAMPS
US RAMPS RESOURCE RETAIN CANADIAN RAMPS RESOURCE RETAIN - ---------------------------------------------- ----------------------------------------------- REISOR 19 X [XXX] ST. JOHN A2 [XXX] - ---------------------------------------------- ----------------------------------------------- JACKSONVILLE 21 X [XXX] QUEBEC CITY C1 [XXX] - ---------------------------------------------- ----------------------------------------------- JESSUP 23 [XXX] MONTREAL D2 [XXX] - ---------------------------------------------- ----------------------------------------------- WINSTON SALEM 25 [XXX] WINNIPEG E1 [XXX] - ---------------------------------------------- ----------------------------------------------- TAMPA 26 [XXX] WINDSOR F1 [XXX] - ---------------------------------------------- ----------------------------------------------- BUFFALO 28 X [XXX] AGINCOURT F5 X [XXX] - ---------------------------------------------- ----------------------------------------------- ORLANDO 29 [XXX] REGINA H1 [XXX] - ---------------------------------------------- ----------------------------------------------- MIAMI 44 [XXX] CALGARY J3 [XXX] - ---------------------------------------------- ----------------------------------------------- MEMPHIS 51 X [XXX] VANCOUVER L1 [XXX] - ---------------------------------------------- ----------------------------------------------- COTTAGE GROVE 55 [XXX] THUNDER BAY P1 [XXX] - ---------------------------------------------- ----------------------------------------------- HAPEVILLE 56 [XXX] SASKATOON S1 [XXX] - ---------------------------------------------- ----------------------------------------------- RIDGEFIELD 57 [XXX] EDMONTON W1 [XXX] - ---------------------------------------------- ----------------------------------------------- WESTBORO 60 [XXX] [XXX] - ---------------------------------------------- ----------------------------------------------- DIXIANA 97 X [XXX] [XXX] - ---------------------------------------------- ----------------------------------------------- PORT ALLEN 99 [XXX] [XXX] - ---------------------------------------------- ----------------------------------------------- US RAMPS 5 10 CANADIAN RAMPS 1 11 - ---------------------------------------------- -----------------------------------------------
DIRECT TRUCK ROUTES
US ROUTE PLANT RESOURCE RETAIN CANADIAN ROUTE PLANT RESOURCE RETAIN - ---------------------------------------------- ----------------------------------------------- 12 R [XXX] T1 C [XXX] - ---------------------------------------------- ----------------------------------------------- 12 S [XXX] T1 D [XXX] - ---------------------------------------------- ----------------------------------------------- 15 R [XXX] T1 N [XXX] - ---------------------------------------------- ----------------------------------------------- 15 S [XXX] T1 R [XXX] - ---------------------------------------------- ----------------------------------------------- 4A H [XXX] T1 S [XXX] - ---------------------------------------------- ----------------------------------------------- 4D H [XXX] T1 W [XXX] - ---------------------------------------------- ----------------------------------------------- 4G H [XXX] T5 C [XXX] - ---------------------------------------------- ----------------------------------------------- 4H H [XXX] T5 D [XXX] - ---------------------------------------------- ----------------------------------------------- 4L H [XXX] T5 N [XXX] - ---------------------------------------------- ----------------------------------------------- 4T H [XXX] T5 P [XXX] - ---------------------------------------------- ----------------------------------------------- 8C H [XXX] T5 R [XXX] - ---------------------------------------------- ----------------------------------------------- 8D H [XXX] T5 S [XXX] - ---------------------------------------------- ----------------------------------------------- 8E H [XXX] T5 W [XXX] - ---------------------------------------------- ----------------------------------------------- 8F H [XXX] T8 H [XXX] - ---------------------------------------------- ----------------------------------------------- 8G H [XXX] T9 H [XXX] - ---------------------------------------------- ----------------------------------------------- 8H H [XXX] [XXX] - ---------------------------------------------- ----------------------------------------------- 8J H [XXX] [XXX] - ---------------------------------------------- ----------------------------------------------- 8K H [XXX] [XXX] - ---------------------------------------------- ----------------------------------------------- 8L H [XXX] [XXX] - ---------------------------------------------- ----------------------------------------------- 9F H [XXX] [XXX] - ---------------------------------------------- ----------------------------------------------- 9J H [XXX] [XXX] - ---------------------------------------------- ----------------------------------------------- US-DIRECT TRUCK 0 21 CAN-DIRECT TRUCK 0 15 - ---------------------------------------------- -----------------------------------------------
SHUTTLE ROUTES
US - SHUTTLE RESOURCE RETAIN CANADIAN - SHUTTLE RESOURCE RETAIN - ---------------------------------------------- ----------------------------------------------- WTAP To Can. Dest. [XXX] BAP to Agincourt X [XXX] - ---------------------------------------------- ----------------------------------------------- WTAP to New Boston [XXX] WAP to Can. Dest. [XXX] - ---------------------------------------------- ----------------------------------------------- WTAP to Jefferson [XXX] WAP to New Boston [XXX] - ---------------------------------------------- ----------------------------------------------- WTAP to Melvindale [XXX] WAP to Jefferson [XXX] - ---------------------------------------------- ----------------------------------------------- F via SHAP to Can. Dest. [XXX] WAP to Melvindale [XXX] - ---------------------------------------------- ----------------------------------------------- SHAP to Can. Dest. [XXX] [XXX] - ---------------------------------------------- ----------------------------------------------- US-SHUTTLE 0 6 CANADIAN-SHUTTLE 1 4 - ---------------------------------------------- -----------------------------------------------
Attachment 1 CLAUSE #240 SELLER IS REQUIRED TO SUBMIT TO DAIMLERCHRYSLER ON A MONTHLY BASIS AN ACCOUNTING OF MINORITY TIER II SUPPLIER PAYMENTS MADE. SUBMISSION IS TO BE MADE VIA THE DIVERSITY SUPPLIER DEVELOPMENT WEBSITE http://supplierdiversity.daimlerchrysler.com. THE FOLLOWING ITEMS ARE NEEDED TO SUCCESSFULLY COMPLETE SUBMISSION: - SUPPLIER IDENTIFICATION (S-ID) - TIER II NAMES(S) - TIER II PAYMENTS (DIRECT OR INDIRECT) - MINORITY CERTIFICATION - MINORITY COUNCIL - ETHNIC ORIGIN - REPORTING PERIOD THE NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL (NMSDC), OR ANY OF ITS REGIONAL AFFILIATES, IS THE REQUIRED CERTIFYING ORGANIZATION. ETHNIC ORIGIN OR CLASS CODES REFER TO THE TYPE OF MINORITY OWNERSHIP AND/OR CONTROL (MINIMUM OF 51%). THE ETHNIC ORIGIN OR CLASS CODES ARE IDENTIFIED AS: - AFRICAN AMERICAN - HISPANIC AMERICAN - NATIVE AMERICAN - ASIAN-PACIFIC AMERICAN - ASIAN-INDIAN AMERICAN CONTACT YOUR BUYER OR DIVERSITY SUPPLIER DEVELOPMENT PROGRAM MANAGER WITH QUESTIONS REGARDING THIS REQUIREMENT. CLAUSE 237: SUPPLIER IS REQUIRED TO SUBMIT AND/OR MAINTAIN A PLAN FOR MINORITY BUSINESS ENTERPRISE PARTICIPATION UPON AWARDING OF BUSINESS. THE PLAN SHOULD DETAIL HOW SUPPLIER WILL MEET DAIMLERCHRYSLER'S MINORITY SOURCING REQUIREMENTS AND INCLUDE, BUT NOT BE LIMITED TO: - MINORITY JOINT VENTURES - SUBCONTRACTORS/SUB-SUPPLIERS - CURRENT AND/OR PROJECTED MINORITY SOURCING ACTIVITY - MINORITY SUPPLIER CLASS CODE/CLASSIFICATION - PROJECTED ANNUAL VOLUME OF BUSINESS (AVOB) - NAME AND EMAIL ADDRESS OF MINORITY BUSINESS COORDINATOR CONTACT YOUR BUYER OR DIVERSITY SUPPLIER DEVELOPMENT PROGRAM MANAGER WITH QUESTIONS REGARDING THIS REQUIREMENT OR ACCESS WEBSITE http://supplierdiversity.daimlerchrysler.com. - ----------------- [XXXX] Represents material deleted per the Company's request for Confidential Treatment and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. EX-99.1 3 g91608exv99w1.txt EX-99.1 PRESS RELEASE DATED OCTOBER 29, 2004 EXHIBIT 99.1 (ALLIED HOLDINGS LOGO) CONTACT David A. Rawden Executive Vice President and Chief Financial Officer (404) 687-5905 ALLIED HOLDINGS SUCCESSFULLY RENEWS DAIMLERCHRYSLER CONTRACT DECATUR, GEORGIA, OCTOBER 29, 2004 - ALLIED HOLDINGS, INC. (AMEX:AHI) announced today that its subsidiary, Allied Systems, Ltd., successfully renewed its vehicle delivery agreement with DaimlerChrysler Corporation. The agreement with DaimlerChrysler will extend Allied's current contract through September 31, 2005. The contract renewal includes an increase in the underlying base rates paid by DaimlerChrysler to Allied for vehicle delivery services effective October 1, 2004. Pursuant to the terms of the renewed agreement Allied will cease performing all or a portion of its vehicle delivery services for DaimlerChrysler at six locations in North America and will pursue opportunities to redeploy the assets utilized at these locations to new business opportunities. Allied generated approximately $13.5 million in revenues from these vehicle delivery services in 2003. Allied will continue to serve DaimlerChrysler at 24 locations in North America, which generated approximately $80.2 million in revenues in 2003. Allied estimates that operating income during the one-year term of the agreement will increase approximately $4.0 million, with approximately $1.3 million of the increase occurring in 2004. Commenting on the renewal, Hugh E. Sawyer, Allied's President and Chief Executive Officer said, "I am pleased that Allied has successfully renewed its contract with DaimlerChrysler Corporation, a strategically important customer to our company, at higher price levels and with limited loss of Allied's marketshare. The renewal of this agreement three months before the expiration of our existing contract assists Allied in eliminating a risk to the ongoing renewal of the Company in 2005. In addition, renewing the contract as of October 1, 2004 allows Allied to positively impact our financial performance during the fourth quarter of 2004". About Allied Holdings Allied Holdings, Inc. is the parent company of several subsidiaries engaged in providing distribution and transportation services of new and used vehicles to the automotive industry. The services of Allied's subsidiaries span the finished vehicle continuum, and include car-hauling, intramodal transport, inspection, accessorization and dealer prep. Allied, through its subsidiaries, is the leading company in North America specializing in the delivery of new and used vehicles. Statements in this press release that are not strictly historical are "forward looking" statements. Such statements include, without limitations, any statements containing the words "believe," "anticipate," "estimate," "expect," "intend," "plan," "seek," and similar expressions. Investors are cautioned that such statements, including statements regarding the ability of Allied to redeploy the assets utilized at certain existing locations to new business and the effect the renewed agreement with DaimlerChrysler will have on the Company's financial performance during the fourth quarter of 2004 and its operating income during the term of the agreement, are subject to certain risks and uncertainties that could cause actual results to differ materially. Without limitation, these risks and uncertainties include economic recessions or extended or more severe downturns in new vehicle production or sales, the highly competitive nature of the automotive distribution industry, the ability of the Company to comply with the terms of its current debt agreements and customer contracts, the ability of the Company to obtain financing in the future and the Company's highly leveraged financial position. Investors are urged to carefully review and consider the various disclosures made by the Company in this press release and in the Company's reports filed with the Securities and Exchange Commission. NOTE: For additional information about Allied, please visit our website at www.alliedholdings.com. -----END PRIVACY-ENHANCED MESSAGE-----