-----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, RPOFRTpJXVqB4tqvQmB9SOyQZBu6nsgY8ihoBjBGq4bZtH3Ipt3dLLhi5DX6Y2bd Z2WvnclFOBmwE1EpdrDcJQ== 0000950144-06-002353.txt : 20060316 0000950144-06-002353.hdr.sgml : 20060316 20060316092659 ACCESSION NUMBER: 0000950144-06-002353 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20060314 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060316 DATE AS OF CHANGE: 20060316 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: 06690122 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 g00264e8vk.htm ALLIED HOLDINGS, INC. ALLIED HOLDINGS, INC.
Table of Contents

 
 
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) March 14, 2006
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))
 
 

 


TABLE OF CONTENTS

Item 1.01 Entry into a Material Definitive Agreement.
Item 9.01 Financial Statements and Exhibits.
SIGNATURES
EXHIBIT INDEX
EX-99.1 PRESS RELEASE


Table of Contents

Item 1.01 Entry into a Material Definitive Agreement.
     On March 14, 2006, Allied Holdings, Inc. (the “Company”), renewed its Agreement with American Honda Motor Co. (the “Agreement”) for vehicles delivered in the United States. The Agreement will extend the Company’s contract with Honda in the United States through March 31, 2009. Pursuant to the terms of the agreement, Allied will continue performing vehicle delivery services at all of the locations in the United States that it currently serves for Honda.
     The contract renewal includes increases in the underlying rates paid by Honda to Allied for vehicle delivery services effective April 1, 2006, and again on April 1, 2007 and on April 1, 2008. Allied’s current fuel surcharge program with Honda will remain in place during the term of the agreement.
     The Agreement remains subject to approval by the United States Bankruptcy Court for the Northern District of Georgia.
     A copy of the Company’s press release announcing the execution of the Agreement is filed herewith.
Item 9.01 Financial Statements and Exhibits.
     (d) Exhibits
     
     99.1
  Press Release of the Company dated March 15, 2006 regarding the execution of the Agreement.

 


Table of Contents

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: March 15, 2006  By:   /s/ Thomas H. King    
    Name:   Thomas H. King   
    Title:   Executive Vice President and Chief Financial Officer   
 

 


Table of Contents

EXHIBIT INDEX
     
Exhibit No.   Description of Exhibit
 
   
99.1
  Press Release of the Company dated March 15, 2006 regarding the execution of the Agreement.

 

EX-99.1 2 g00264exv99w1.htm EX-99.1 PRESS RELEASE EX-99.1 PRESS RELEASE
 

Exhibit 99.1
(Allied Holding Logo)
Contact
Thomas H. King
Executive Vice President and
Chief Financial Officer
(404) 687-5905
ALLIED HOLDINGS REACHES AGREEMENT
TO RENEW HONDA CONTRACT
Decatur, Georgia, March 15, 2006 — Allied Holdings, Inc. (AHIZQ.PK) announced today that its subsidiary, Allied Systems, Ltd., has renewed its vehicle delivery agreement with American Honda Motor Co. for vehicles delivered in the United States. The agreement will extend the Company’s current contract with Honda in the United States through March 31, 2009. Pursuant to the terms of the renewed agreement, Allied will continue performing vehicle delivery services at all of the locations in the United States that it currently serves for Honda.
The contract renewal includes increases in the underlying rates paid by Honda to Allied for vehicle delivery services effective April 1, 2006, and again on April 1, 2007 and on April 1, 2008. Honda’s current fuel surcharge program with Allied will remain in place during the term of the 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 approval of the renewed agreement by the Bankruptcy Court and the effect the agreement with Honda 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.

 

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