ALLIED HOLDINGS, INC.

Dated: December 12, 2005

/s/ Thomas H. King

Thomas H. King

Executive Vice President and Chief Financial Officer

0000950144-05-012674.txt : 20051212 0000950144-05-012674.hdr.sgml : 20051212 20051212154541 ACCESSION NUMBER: 0000950144-05-012674 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20051208 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20051212 DATE AS OF CHANGE: 20051212 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: 051258168 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 g98792e8vk.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) December 8, 2005

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 Clairemont 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 December 8, 2005, Allied Holdings, Inc. (the “Company”), entered into an Amendment (the “Amendment”) to its vehicle delivery agreement with General Motors Corporation (the “Agreement”). The agreement with General Motors will extend the Company’s current contract through December 31, 2008. Pursuant to the terms of the renewed agreement, the Company will continue performing vehicle delivery services at all of the locations in North America that it currently serves for General Motors.

The contract renewal includes an increase in the rates paid by General Motors to the Company for vehicle delivery services during calendar years 2006 and 2007. In addition, the current fuel surcharge program implemented by General Motors for the Company and the payment terms for services provided by the Company pursuant to the terms of the current agreement will remain in place during the term of the current agreement.

The agreement remains subject to approval by the United States Bankruptcy Court for the Northern District of Georgia.

A copy of the Amendment will be filed as an exhibit to the Company’s annual report on Form 10-K for the year ended December 31, 2005. A copy of the Company’s press release announcing the execution of the Amendment is filed herewith.

Item 9.01 Financial Statements and Exhibits.

99.1

Press Release of the Company dated December 12, 2005 regarding the execution of the Amendment.

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.

EXHIBIT INDEX


Exhibit No.		Description of Exhibit

99.1		Press Release of the Company dated December 12, 2005 regarding the execution of the Amendment.

EX-99.1 2 g98792exv99w1.htm EX-99.1 PRESS RELEASE EX-99.1 PRESS RELEASE

Exhibit 99.1

Contact
Thomas H. King
Executive Vice President and
Chief Financial Officer
(404) 687-5905

ALLIED HOLDINGS REACHES DEFINITIVE AGREEMENT TO
RENEW GENERAL MOTORS CONTRACT & SEEKS COURT APPROVAL

Decatur, Georgia, December 12, 2005 — Allied Holdings, Inc. (AHIZQ.PK) announced today that its subsidiary, Allied Automotive Group, Inc., has successfully renewed its vehicle delivery agreement with General Motors Corporation. The agreement with General Motors will extend Allied’s current contract through December 31, 2008. Pursuant to the terms of the renewed agreement, Allied has retained all of the vehicle delivery business it currently services for General Motors in North America.

The contract renewal includes increases in the rates paid by General Motors to Allied for vehicle delivery services during calendar years 2006 and in 2007. In addition, the current fuel surcharge program and payment terms for services provided by Allied will remain in place during the term of the renewed agreement.

The agreement remains subject to approval by the United States Bankruptcy Court for the Northern District of Georgia.

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 effect the renewed agreement with General Motors will have on the Company’s financial performance 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, the Company’s highly leveraged financial position, and the ability of the Company to successfully complete a plan of reorganization and emerge from bankruptcy. 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.