-----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, AqQQTdHm+to4O35AYBZitw0C38NVh/ds7TB+3SxUbeOUw8C1guc+8yhIS9oizCMl n3HYC0Ht1fdQH+chAO4msg== 0000932440-96-000009.txt : 19960304 0000932440-96-000009.hdr.sgml : 19960304 ACCESSION NUMBER: 0000932440-96-000009 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19960119 ITEM INFORMATION: Other events FILED AS OF DATE: 19960301 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: STANDARD MOTOR PRODUCTS INC CENTRAL INDEX KEY: 0000093389 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690] IRS NUMBER: 111362020 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04743 FILM NUMBER: 96529510 BUSINESS ADDRESS: STREET 1: 37 18 NORTHERN BLVD CITY: LONG ISLAND CITY STATE: NY ZIP: 11101 BUSINESS PHONE: 7183920200 MAIL ADDRESS: STREET 1: 3718 NORTHERN BLVD CITY: LONG ISLAND CITY STATE: NY ZIP: 11101 8-K 1 SECURITIES AND EXCHANGE COMMISSION Washington, DC 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): January 19, 1996 STANDARD MOTOR PRODUCTS, INC. (Exact Name of Registrant as Specified in Charter) New York 1-4743 11-1362020 (State or Other (Commission (IRS Employer Jurisdiction File Number) Identification No.) of Incorporation)
37-18 Northern Blvd., Long Island City, New York 11101 (Address of Principal Executive Offices, including Zip Code) Registrant's telephone number, including area code: (718) 392-0200 Exhibit List Appears on Page 4 Page 1 of 7 Pages Item 5. Other Events. The Registrant hereby incorporates by reference the contents of the press release of the Registrant dated January 19, 1996, filed herewith as Exhibit 20.1. Item 7. Exhibits.
Exhibit No. Description 20.1 Press Release of Standard Motor Products, Inc. dated January 19, 1996.
2 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. STANDARD MOTOR PRODUCTS, INC. Date: February 27, 1996 By: /s/ David Kerner Name: David Kerner Title: Treasurer 3 EXHIBIT LIST
Sequential Exhibit No. Description Page No. 20.1 Press Release of Standard 6 Motor Products, Inc. dated January 19, 1996
4 Exhibit 20.1 FOR IMMEDIATE RELEASE For: Standard Motor Products, Inc. From: Golin Harris Communications, Inc. Allan Jordan 212/697-9191 Standard Motor Products, Inc. Michael Bailey 718/392-0200 Standard Motor Products Declares Dividend Distribution Of Preferred Share Purchase Rights NEW YORK, NY, JANUARY 19, 1996 - The Board of Directors of Standard Motor Products, Inc. (NYSE:SMP) declared a dividend of one Preferred Share Purchase Right on each outstanding Standard Motor common share. Lawrence I. Sills, President and Chief Operating Officer, said, "The Rights are designed to assure that all of Standard Motor Products shareholders receive fair and equal treatment in any proposed takeover of the Company and to guard against abusive tactics to gain control of the Company without paying all shareholders a premium for that control. The Rights are not being adopted in response to any specific takeover threat. They are in response to the general takeover environment, which has changed significantly in recent months." "The Rights will not prevent a legitimate takeover attempt. They are, however, intended to enable all Standard Motor Products shareholders to realize the long-term value of their investment in the Company, and should encourage anyone seeking to acquire the Company to negotiate with the Board prior to attempting a takeover. Protection of our existing shareholder interests is of particular importance now, because the Board strongly believes that Standard Motor Products enjoys a strong market position and significant growth opportunities, which will be pursued vigorously in the next several years." The Rights will be exercisable only if a person or group acquires, or announces a tender offer to acquire, 20 percent or more of Standard Motor Products common shares. Each Right will entitle shareholders to buy one one-thousandth of a share of new series of participating preferred stock at an exercise price of $80.00 for that one one-thousandth of a share. If a person or group acquires 20 percent or more of Standard Motor Products outstanding common shares, each Right will entitle its holder to purchase, at the then current exercise price, a number of one one-thousandth of a share of the new series of participating preferred stock having a market value of twice that price. In addition, if Standard Motor Products is acquired in a merger or other business combination or if 50 percent or more of its consolidated assets or earning power is sold after an acquiring company has acquired 20 percent or more of the Company's common shares, each Right will entitle its holder to purchase, at the Right's then current exercise price, a number of the acquiring company's common shares having a market value of twice the exercise price. The acquiring person will not be entitled to exercise these Rights. Following the acquisition of 20 percent or more of the Company's common shares and prior to acquisition of 50 percent or more of the common shares, the Board of Directors may exchange the Rights at an exchangeable ratio of one-thousandth of a share of the new series of participating preferred stock per Right. The acquiring person will not be entitled to receive any shares in this exchange. Prior to the acquisition of 20 percent or more of the Company's common shares, the Rights are redeemable for one-tenth of one cent per Right at the option of the Board of Directors. The Board of Directors also is authorized to change the 20 percent threshold for triggering the Rights, provided it does not drop below 20 percent. The dividend will be payable on March 1, 1996 to shareholders of record February 15, 1996, and is not taxable to shareholders. The Rights will expire on March 1, 2006. Standard Motor Products manufacturers and distributes automotive replacement parts. 5
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