0001140361-16-068132.txt : 20160601 0001140361-16-068132.hdr.sgml : 20160601 20160601165823 ACCESSION NUMBER: 0001140361-16-068132 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20160527 ITEM INFORMATION: Completion of Acquisition or Disposition of Assets ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20160601 DATE AS OF CHANGE: 20160601 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STANDARD MOTOR PRODUCTS INC CENTRAL INDEX KEY: 0000093389 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] 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: 161689894 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 form8k.htm STANDARD MOTOR PRODUCTS, INC 8-K 5-27-2016

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): May 27, 2016
 
STANDARD MOTOR PRODUCTS, INC.
(Exact Name of Registrant as Specified in its Charter)
 
New York
1-4743
11-1362020
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(I.R.S. Employee Identification Number)
 
37-18 Northern Boulevard, Long Island City, New York 11101
(Address of Principal Executive Offices, including Zip Code)
 
Registrant’s Telephone Number, including Area Code:  718-392-0200

Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
 


Item 2.01. Completion of Acquisition or Disposition of Assets

Acquisition of Automotive Ignition Wire Business of General Cable Corporation

On May 27, 2016, Standard Motor Products, Inc. and certain of its affiliates (the “Company”) completed its previously announced acquisition of the North American automotive ignition wire business of General Cable Corporation for approximately $71 million, subject to post-closing adjustments. The acquisition included the purchase of General Cable’s (and certain of its affiliates) automotive ignition wire business assets in North America as well as the equity interests of General Cable Automotriz, S.A. de C.V., a General Cable subsidiary in Mexico. The Company paid for the purchase price in cash with borrowings under the Company’s revolving credit facility with JPMorgan Chase, as agent.

A copy of the press release announcing the closing of this transaction is attached hereto as Exhibit 99.1 and is hereby incorporated by reference.

Item 9.01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.
 
 
99.1
Press Release, dated May 31, 2016, announcing the closing of the asset acquisition of the automotive ignition wire business of General Cable Corporation.

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.

 
STANDARD MOTOR PRODUCTS, INC.
     
 
By:
/s/ James J. Burke
   
James J. Burke
   
Executive Vice President Finance,
   
Chief Financial Officer
     
Date: June 1, 2016
   
 
2

Exhibit Index
 
Exhibit No.
  
Description
   
     
 
Press Release, dated May 31, 2016, announcing the closing of the asset acquisition of the automotive ignition wire business of General Cable Corporation.
 
 
3

EX-99.1 2 ex99_1.htm EXHIBIT 99.1

Exhibit 99.1
 
  
 
For Immediate Release
 
 
For more information, contact:
   
 
James J. Burke
 
Standard Motor Products, Inc.
 
(718) 392-0200
 
Standard Motor Products, Inc. Announces
Closing of Acquisition of General Cable
Automotive Ignition Wire Business

New York, NY, May 31, 2016 ….… Standard Motor Products, Inc. (NYSE: SMP), an automotive replacement parts manufacturer and distributor, announced today that on May 27, 2016 it closed its previously announced acquisition of General Cable Corporation’s automotive ignition wire business for approximately $71 million, subject to post-closing adjustments. The acquisition was funded through borrowings under its revolving credit facility.
 
Under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Standard Motor Products cautions investors that any forward-looking statements made by the company, including those that may be made in this press release, are based on management’s expectations at the time they are made, but they are subject to risks and uncertainties that may cause actual results, events or performance to differ materially from those contemplated by such forward-looking statements. Among the factors that could cause actual results, events or performance to differ materially from those risks and uncertainties discussed in this press release are those detailed from time-to-time in prior press releases and in the company’s filings with the Securities and Exchange Commission, including the company’s annual report on Form 10-K and quarterly reports on Form 10-Q.  By making these forward-looking statements, Standard Motor Products undertakes no obligation or intention to update these statements after the date of this release.
 
###
 

37-18 Northern Blvd., Long Island City, NY  11101
(718) 392-0200
www.smpcorp.com
 


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