GPI » Topics » Item 8.01 Other Events.

This excerpt taken from the GPI 8-K filed Dec 14, 2009.

Item 8.01 Other Events.

On December 10, 2009, the Company also announced the promotion of Kim Craig to vice president and treasurer, effective January 1, 2010. A copy of the press release is attached to this report as Exhibit 99.1.





This excerpt taken from the GPI 8-K filed Nov 16, 2009.

Item 8.01 Other Events.

On November 12, 2009, the Company's Board of Directors adopted Stock Ownership Guidelines for Section 16 executive officers ("Officers") and members of the Board of Directors ("Directors") requiring such individuals to maintain a minimum number of shares of Company stock while they are employed in such capacities with the Company. The dollar value of stock ownership is based on base salary times a multiple divided by the previous 36-month average stock price as calculated on December 31st of each year. The multiple applicable to the respective Officers shall be: (i) 4 times annual base salary for the CEO and the President, (ii) 2 times annual base salary for Senior Vice Presidents, and (iii) one times annual base salary for all Vice Presidents. The ownership guideline for Directors is 10,000 shares. Stock ownership levels should be achieved by each Officer and Director within five years of the adoption of these guidelines, or within five years of first appointment as an Officer or Director. A copy of the Stock Ownership Guidelines is attached hereto as Exhibit 99.1.





This excerpt taken from the GPI 8-K filed Nov 5, 2009.

Item 8.01 Other Events.

On November 5, 2009, Group 1 Automotive, Inc., a Delaware corporation, announced the acquisition of a BMW franchise in Mobile, Alabama. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.





This excerpt taken from the GPI 8-K filed Oct 19, 2009.

Item 8.01 Other Events.

On October 19, 2009, Group 1 Automotive, Inc., a Delaware corporation, announced the disposition of two of its Chrysler Jeep Dodge dealerships in the Austin, Texas area. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.





This excerpt taken from the GPI 8-K filed Apr 15, 2009.

Item 8.01 Other Events.

On April 14, 2009, Group 1 Automotive, Inc., a Delaware corporation, announced the acquisition of a Hyundai franchise in Houston, Texas and the disposition of its Kendall Ford dealership in Miami, Florida. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.





This excerpt taken from the GPI 8-K filed Nov 5, 2008.

Item 8.01 Other Events.

On November 5, 2008, Group 1 Automotive, Inc., a Delaware corporation, announced that its board of directors approved a quarterly cash dividend of $0.05 per share payable on December 15, 2008, to stockholders of record on December 1, 2008. A copy of the press release is attached hereto as Exhibit 99.1.





This excerpt taken from the GPI 8-K filed Sep 17, 2008.

Item 8.01 Other Events.

On September 16, 2008, Group 1 Automotive, Inc., a Delaware corporation, announced that most of its sales, service departments and collision centers were open for business and incurred only minimal inventory damage. The Company has been in contact with most of its employees in areas that were impacted by Hurricane Ike, and is pleased to report that they are safe and sound.





This excerpt taken from the GPI 8-K filed Aug 18, 2008.

Item 8.01 Other Events.

Group 1 also announced that its board of directors approved a quarterly cash dividend of $0.14 per share payable on September 15, 2008, to stockholders of record on September 1, 2008.





This excerpt taken from the GPI 8-K filed May 22, 2008.

Item 8.01 Other Events.

On May 22, 2008, Group 1 Automotive, Inc. (the "Company") issued a press release announcing that at its annual meeting of stockholders held today, two directors were re-elected to serve another three-year term. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

On May 22, 2008, the Company also issued a press release announcing that its board of directors declared a cash dividend of $0.14 per share for the first quarter of 2008. The dividend will be paid on June 16, 2008, to stockholders of record on June 2, 2008. A copy of the press release is attached hereto as Exhibit 99.2.





This excerpt taken from the GPI 8-K filed Feb 26, 2008.

Item 8.01 Other Events.

On February 26, 2008, Group 1 Automotive, Inc. announced that Lee Mitchell has been appointed vice president of finance and insurance. A copy of the press release is attached to this report as Exhibit 99.1.

Group 1 also announced that its board of directors approved a quarterly cash dividend of $0.14 per share payable on March 17, 2008, to stockholders of record on March 7, 2008. A copy of the press release is attached to this report as Exhibit 99.2.







This excerpt taken from the GPI 8-K filed Nov 13, 2007.

Item 8.01 Other Events.

Group 1 also announced that its board of directors approved a quarterly cash dividend of $0.14 per share payable on December 15, 2007, to stockholders of record on December 1, 2007.





This excerpt taken from the GPI 8-K filed Aug 20, 2007.

Item 8.01 Other Events.

On August 16, 2007, Group 1 Automotive, Inc. announced a management agreement with Summit Energy Services, Inc. A copy of the press release is attached hereto as Exhibit 99.1.





This excerpt taken from the GPI 8-K filed Aug 13, 2007.

Item 8.01 Other Events.

Group 1 also announced that its board of directors approved a quarterly cash dividend of $0.14 per share payable on September 15, 2007, to stockholders of record on September 1, 2007.





This excerpt taken from the GPI 8-K filed Aug 3, 2007.

Item 8.01 Other Events.

On August 3, 2007, Group 1 Automotive, Inc., a Delaware corporation, announced that it will restructure its operations to three geographic regions from its current four geographic regions. The Company also announced the retirement of David L. Hutton, regional vice president, West Region, effective September 1, 2007. A copy of the press release is attached to this report as Exhibit 99.1.





This excerpt taken from the GPI 8-K filed May 18, 2007.

Item 8.01 Other Events.

On May 17, 2007, Group 1 Automotive, Inc. (the "Company") issued a press release announcing that at its annual meeting of stockholders held today, three directors were re-elected to serve another three-year term. The Company also announced that Robert E. Howard II resigned as a director of the Company, effectively immediately. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

On May 17, 2007, the Company also issued a press release announcing that its board of directors declared a cash dividend of $0.14 per share for the first quarter of 2007. The dividend will be paid on June 15, 2007, to stockholders of record on June 1, 2007. A copy of the press release is attached hereto as Exhibit 99.2.





This excerpt taken from the GPI 8-K filed Mar 20, 2007.

Item 8.01 Other Events.

On March 19, 2007, Group 1 Automotive, Inc. announced that Philip W. Bres has been appointed vice president of variable operations, effective March 5, 2007. A copy of the press release is attached to this report as Exhibit 99.2.





This excerpt taken from the GPI 8-K filed Mar 2, 2007.

Item 8.01 Other Events.

On February 28, 2007, Group 1 Automotive, Inc.'s one-year credit arrangement with DaimlerChrysler Services North America LLC (the "DCS Facility") terminated pursuant to its terms. The DCS Facility provided $300 million in vehicle inventory financing for new and rental vehicle inventory manufactured by DaimlerChrysler Motors Company, LLC, and its affiliates, including Mercedes-Benz USA, LLC.

The DCS Facility floor plan inventory total outstanding balance as of February 28th, 2007 was $125 million and was paid off with borrowings under the Company's current syndicated revolving credit facility. Beginning March 1st, 2007, all DaimlerChrysler and Mercedes Benz vehicles floored will be financed through the Company's syndicated revolving credit facility.









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.

         
    Group 1 Automotive, Inc.
          
March 2, 2007   By:   John C. Rickel
       
        Name: John C. Rickel
        Title: Senior Vice President & Chief Financial Officer
This excerpt taken from the GPI 8-K filed Feb 22, 2007.

Item 8.01 Other Events.

On February 22, 2007, Group 1 Automotive, Inc. announced that its board of directors declared a cash dividend of $0.14 per share for the fourth quarter of 2006. The dividend will be paid on March 15, 2007, to stockholders of record on March 6, 2007. A copy of the press release is attached hereto as Exhibit 99.1.





This excerpt taken from the GPI 8-K filed Feb 13, 2007.

Item 8.01 Other Events.

On February 12, 2007, Group 1 Automotive, Inc., announced it had completed the disposition of its Sandy Springs Ford store in Atlanta. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.





This excerpt taken from the GPI 8-K filed Feb 1, 2007.

Item 8.01 Other Events.

On January 31, 2007, Group 1 Automotive, Inc. (the "Company"), issued a press release announcing the completion of the acquisition of the Baron Automotive Group in Kansas City, Kansas, and the disposition of Maxwell Chrysler South in Austin, Texas. The Company also announced it has received manufacturer approval to terminate its franchise agreement on its Bohn Ford store in New Orleans. A copy of the press release is attached as Exhibit 99.2 to this Current Report.





This excerpt taken from the GPI 8-K filed Jan 8, 2007.

Item 8.01 Other Events.

On January 8, 2007, Group 1 Automotive, Inc. announced that Gigi L. Myung has been appointed vice president of purchasing, effective January 2, 2007. A copy of the press release is attached to this report as Exhibit 99.2.





This excerpt taken from the GPI 8-K filed Jan 4, 2007.

Item 8.01 Other Events.

On December 29, 2006, Group 1 Automotive, Inc, and one or more of its affiliates (the "Company") entered into one or more Confidential Release and Settlement Agreements with Universal Computing Systems, Inc. and its affiliates ("Universal"), to terminate all obligations and duties under four agreements the Company had with Universal. The stores affected by the termination are Miller Toyota, Miller Honda of Culver City, Miller Honda Van Nuys, Miller Mitsubishi, Miller Infiniti, Miller Nissan Van Nuys, World Ford/Pembroke Pines, World Ford Kendall, World Ford Pensacola, Gulf Breeze Ford, David Michael Motor Cars of Freehold (Mercedes), David Michael Honda of Freehold and David Michael Volkswagen of Freehold. The Company also amended its agreement with Universal pertaining to a contract with Jim Tidwell Ford, Inc. (the "Tidwell Amendment"). The Tidwell Amendment terminated the contract with Jim Tidwell Ford and World Toyota, and assigned the remaining surviving stores (World Ford Stone Mountain, Sandy Springs Ford, Snellville Lincoln Mercury and Alpharetta Lincoln Mercury) under one contract to GPI Atlanta-F, Inc. d/b/a World Ford Stone Mountain. The aggregate amount paid to Universal and the specific terms relating to each agreement are subject to the confidentiality provisions of the agreements. However, prior to the date of termination, the Company had reserved on its books an amount sufficient to cover satisfaction of the termination obligations with Universal for each of the stores described above.






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.

         
    Group 1 Automotive, Inc.
          
January 4, 2007   By:   Darryl M . Burman
       
        Name: Darryl M . Burman
        Title: Vice President & General Counsel
This excerpt taken from the GPI 8-K filed Dec 1, 2006.

Item 8.01 Other Events.

On November 30, 2006, Group 1 Automotive, Inc., a Delaware corporation, announced the promotion of Lance A. Parker to vice president and corporate controller, and James R. Druzbik to vice president of information systems. A copy of the press release is attached to this report as Exhibit 99.1.





This excerpt taken from the GPI 8-K filed Dec 1, 2006.

Item 8.01 Other Events.

This Form 8-K/A amends the Current Report on Form 8-K dated November 6, 2006, and filed on November 8, 2006 ("Form 8-K), by amending the section of the Form 8-K entitled "Item 8.01 Other Events." Item 8.01 of such Form 8-K is hereby restated in its entirety as follows:

On November 6, 2006, Group 1 Automotive, Inc., announced the appointment of Martin Collins as Southeast regional vice president, effective as of December 1, 2006. A copy of the press release is attached as Exhibit 99.1.






This excerpt taken from the GPI 8-K filed Nov 20, 2006.

Item 8.01 Other Events.

On November 16, 2006, Group 1 Automotive, Inc. announced that its board of directors declared a cash dividend of $0.14 per share for the third quarter of 2006. The dividend will be paid on December 15, 2006, to stockholders of record on December 1, 2006. A copy of the press release is attached hereto as Exhibit 99.1.





This excerpt taken from the GPI 8-K filed Nov 8, 2006.

Item 8.01 Other Events.

On November 6, 2006, Group 1 Automotive, Inc., announced the appointment of Martin Collins as Southeast regional vice president, and Darryl M. Burman as vice president, general counsel and corporate secretary, both appointments effective as of December 1, 2006. A copy of the press release is attached as Exhibit 99.1.





This excerpt taken from the GPI 8-K filed Oct 11, 2006.

Item 8.01 Other Events.

On October 10, 2006, Group 1 Automotive, Inc., issued a press release announcing the completion of the acquisition of Marty Sussman Acura of Maple Shade, New Jersey, Sussman Honda/Marty Sussman BMW and Sussman Acura of Atlantic City. A copy of the press release is attached as Exhibit 99.1 to this Current Report.





This excerpt taken from the GPI 8-K filed Sep 1, 2006.

Item 8.01 Other Events.

On August 31, 2006, Group 1 Automotive, Inc., a Delaware corporation, announced the completion of the acquisition of Pat Peck Honda, Pat Peck Nissan and Pat Peck Kia in Gulfport, Mississippi, and Pat Peck Nissan in Mobile, Alabama. The Company also announced it was increasing its full-year acquisition target from $500 million to $750 million in annual revenues during 2006. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.





This excerpt taken from the GPI 8-K filed Aug 21, 2006.

Item 8.01 Other Events.

On August 17, 2006, Group 1 Automotive, Inc. announced that is board of directors declared a cash dividend of $0.14 per share for the second quarter of 2006. The dividend will be paid on September 15, 2006, to stockholders of record on September 1, 2006. A copy of the press release is attached hereto as Exhibit 99.1.





This excerpt taken from the GPI 8-K filed Aug 16, 2006.

Item 8.01 Other Events.

On August 3, 2006, Group 1 Automotive, Inc. issued a press release announcing the retirement of Gregory W. Wessels, regional vice president, West Central region, effective August 2, 2006. A copy of the press release is attached as Exhibit 99.1 to this Current Report.

On August 11, 2006, Group 1 Automotive, Inc., issued a press release announcing the completion of the acquisition of Performance Nissan. A copy of the press release is attached as Exhibit 99.2 to this Current Report.





This excerpt taken from the GPI 8-K filed Jul 5, 2006.

Item 8.01 Other Events.

On June 30, 2006, Group 1 Automotive, Inc. (the "Company"), announced the appointment of David Hult as Northeast regional vice president. The Company also announced the disposition of four franchises. A copy of the press release is attached as Exhibit 99.1.





This excerpt taken from the GPI 8-K filed Jun 23, 2006.

Item 8.01 Other Events.

On June 22, 2006, Group 1 Automotive, Inc. settled its previously-disclosed dispute concerning the termination of the facility lease related to its Dodge dealership in Metairie, Louisiana. In exchange for the payment by Group 1 of $4,500,000 in cash, the lessor of the dealership facility released Group 1 and its affiliates from any and all claims related to the termination of the lease. The lessor also released all claims with respect to the insurance proceeds Group 1 anticipates receiving as a result of the damage to the dealership facility. On June 23, 2006, Group 1 voluntarily terminated its franchise agreement with DaimlerChrysler related to the Dodge dealership in Metairie, Louisiana.






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.

         
    Group 1 Automotive, Inc.
          
June 23, 2006   By:   Jeffrey M. Cameron
       
        Name: Jeffrey M. Cameron
        Title: Vice President, Legal Counsel
This excerpt taken from the GPI 8-K filed Jun 21, 2006.

Item 8.01 Other Events.

In a press release issued on June 20, 2006, Group 1 Automotive, Inc., a Delaware corporation, announced the pricing of its offering of $250 million aggregate principal amount of convertible senior notes due 2036, together with convertible note hedge and warrant transactions. A copy of the press release is attached hereto as Exhibit 99.1, is incorporated herein by reference, and is hereby filed.





This excerpt taken from the GPI 8-K filed Jun 19, 2006.

Item 8.01 Other Events.

On June 19, 2006, Group 1 Automotive, Inc., a Delaware corporation (the "Company"), announced that it intends to offer convertible senior notes in a private offering, subject to market conditions and other factors. A copy of the press release is attached as Exhibit 99.1.

In connection with the offering, the Company updated the risk factors relating to its business. A copy of these risk factors is attached as Exhibit 99.2.





This excerpt taken from the GPI 8-K filed May 26, 2006.

Item 8.01 Other Events.

On May 25, 2006, Group 1 Automotive, Inc. also announced that is board of directors declared a cash dividend of $0.14 per share for the first quarter of 2006. The dividend will be paid on June 15, 2006, to stockholders of record on June 5, 2006. A copy of the press release is attached hereto as Exhibit 99.2.





This excerpt taken from the GPI 8-K filed Apr 21, 2006.

Item 8.01 Other Events.

On April 19, 2006, Group 1 Automotive, Inc., a Delaware corporation, announced that Wade D. Hubbard has been appointed vice president, fixed operations, effective May 1, 2006. A copy of the press release is attached to this report as Exhibit 99.1.





This excerpt taken from the GPI 8-K filed Apr 3, 2006.

Item 8.01 Other Events.

On March 30, 2006, Group 1 announced a strategic alliance with ADP Dealer Services. A copy of the press release is attached hereto as Exhibit 99.2 and is incorporated herein by reference.





This excerpt taken from the GPI 8-K filed Jan 17, 2006.

Item 8.01 Other Events.

On January 16, 2006, Group 1 Automotive, Inc., a Delaware corporation (the "Company"), announced the acquisition of Toyota and Lexus franchises in New Hampshire. The Company also announced the relocation of a Texas franchise, and the dispositions of a Nissan franchise in Southern California and a Hummer franchise in Tulsa, Oklahoma.


The Company also announced the completion of its stock repurchase program under its current board authorization. The Company repurchased 623,207 shares during the fourth quarter of 2005.


A copy of the press release is attached hereto as Exhibit 99.1.






This excerpt taken from the GPI 8-K filed Nov 18, 2005.

Item 8.01 Other Events.

On November 16, 2005, Group 1 Automotive, Inc., a Delaware corporation, announced a strategic alliance with American Auto Exchange. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated in this Item 8.01 by reference.





This excerpt taken from the GPI 8-K filed Nov 1, 2005.

Item 8.01 Other Events.

On November 1, 2005, Group 1 Automotive, Inc., a Delaware corporation, announced that it will streamline its operations into five geographic regions from its current 13 platforms. A copy of the press release is attached to this report as Exhibit 99.1.





This excerpt taken from the GPI 8-K filed Sep 28, 2005.

Item 8.01 Other Events.

On September 27, 2005, Group 1 Automotive, Inc., a Delaware corporation, announced that it is assisting affected employees and assessing damage at its two (2) Beaumont, Texas dealerships in the aftermath of Hurricane Rita. The company also reported that its Houston-area and New Orleans-area dealerships were not impacted by the storm.





This excerpt taken from the GPI 8-K filed Sep 19, 2005.

Item 8.01 Other Events.

On September 15, 2005, Group 1 Automotive, Inc., a Delaware corporation, announced that it has resumed operations at four of its six New Orleans-area dealerships.





This excerpt taken from the GPI 8-K filed Sep 6, 2005.

Item 8.01 Other Events.

On September 2, 2005, Group 1 Automotive, Inc., a Delaware corporation, announced that it was working to assist employees affected by Hurricane Katrina and to assess damage to its New Orleans-area platform.





This excerpt taken from the GPI 8-K filed May 9, 2005.

Item 8.01. Other Events.

On March 8, 2005, John S. Watson resigned as Secretary of the Company effective March 9, 2005. Mr. Watson served the Company in an advisory capacity and not as an employee. Mr. Watson received fees from the Company for his advisory services, including his service as Secretary. Concurrent with Mr. Watson’s resignation as Secretary on March 9, 2005, his service to the Company in an advisory capacity also ceased.






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.

         
    Group 1 Automotive, Inc.
          
May 9, 2005   By:   Robert T. Ray
       
        Name: Robert T. Ray
        Title: Senior Vice President, Chief Financial Officer & Treasurer
This excerpt taken from the GPI 8-K filed Mar 16, 2005.

Item 8.01. Other Events.

On March 10, 2005, the Board of Directors of Group 1 waived the applicability of Group 1’s conflict of interest policy set forth in its Code of Conduct in respect of a proposed transaction between Robert E. Howard II, a director of Group 1, and the Company. The proposed transaction involves the construction by Mr. Howard of a Toyota dealership on a portion of a 12 acre parcel of land owned by Mr. Howard adjacent to Group 1’s Bob Howard Automall, which dealership facilities are leased by the Company from Mr. Howard. The Toyota facility, on which construction is expected to commence in 2006, would be built to suit Group 1’s specifications. Following its construction, Mr. Howard would also lease this facility to Group 1 under a lease agreement having an initial term of10 years. In addition, Group 1 would have the right to extend the term for four successive five year terms. Mr. Howard would fund the development cost of the facility, which is expected to be approximately $3.5 million. Based on appraisals received by Mr. Howard and Group 1, the Company believes the land on which the facility will be situated has a value of approximately $4.2 million. It is anticipated that the initial rent under the lease agreement will be approximately $655,000 per year, subject to increases based upon the increase in the consumer price index during the term of the lease. At this time, no definitive agreements have been executed with Mr. Howard regarding the proposed transaction.





Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki