0000899751-16-000117.txt : 20160428 0000899751-16-000117.hdr.sgml : 20160428 20160428171245 ACCESSION NUMBER: 0000899751-16-000117 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20160428 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20160428 DATE AS OF CHANGE: 20160428 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TITAN INTERNATIONAL INC CENTRAL INDEX KEY: 0000899751 STANDARD INDUSTRIAL CLASSIFICATION: STEEL WORKS, BLAST FURNACES ROLLING MILLS (COKE OVENS) [3312] IRS NUMBER: 363228472 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12936 FILM NUMBER: 161601091 BUSINESS ADDRESS: STREET 1: 2701 SPRUCE ST CITY: QUINCY STATE: IL ZIP: 62301 BUSINESS PHONE: 2172286011 MAIL ADDRESS: STREET 1: 2701 SPRUCE ST CITY: QUINCY STATE: IL ZIP: 62301 FORMER COMPANY: FORMER CONFORMED NAME: TITAN WHEEL INTERNATIONAL INC DATE OF NAME CHANGE: 19930403 8-K 1 a042816form8k.htm 8-K 8-K




    
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): April 28, 2016

TITAN INTERNATIONAL, INC.
(Exact name of Registrant as specified in its Charter)


Delaware
1-12936
36-3228472
(State of Incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)

2701 Spruce Street, Quincy, IL 62301
(Address of principal executive offices, including Zip Code)

(217) 228-6011
(Registrant's telephone number, including area code)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations 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))







INFORMATION TO BE INCLUDED IN THIS REPORT

Item 8.01 - OTHER EVENTS

On April 28, 2016, Titan International, Inc. (“Titan”) issued a press release announcing that Goldman, Sachs & Co. has been engaged as financial advisor to a Special Committee of Titan’s Board of Directors in connection with a possible sale of Titan’s subsidiary Italtractor ITM S.p.A. A copy of the press release is filed herewith as Exhibit 99.

Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d)    Exhibits
99
Press release dated April 28, 2016, announcing that Goldman, Sachs & Co. has been engaged as financial advisor to a Special Committee of Titan’s Board of Directors in connection with a possible sale of Titan’s subsidiary Italtractor ITM S.p.A.







    

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.




 
TITAN INTERNATIONAL, INC.
 
(Registrant)

Date:
April 28, 2016
By:
/s/ JOHN HRUDICKA
 
 
 
John Hrudicka
 
 
 
Chief Financial Officer
 
 
 
(Principal Financial Officer)
 
 
 
 







EXHIBIT INDEX


Exhibit No.
Description
 
 
99
Press release dated April 28, 2016, announcing that Goldman, Sachs & Co. has been engaged as financial advisor to a Special Committee of Titan’s Board of Directors in connection with a possible sale of Titan’s subsidiary Italtractor ITM S.p.A.




EX-99 2 pressrelease042816ex99.htm EXHIBIT 99 Exhibit



Exhibit 99
TITAN INTERNATIONAL, INC. ANNOUNCES THAT GOLDMAN, SACHS & CO. HAS BEEN ENGAGED AS FINANCIAL ADVISOR IN CONNECTION WITH A POSSIBLE SALE OF TITAN’S SUBSIDIARY ITALTRACTOR ITM S.p.A.


QUINCY, Ill--Titan International, Inc. (NYSE: TWI)
April 28, 2016

Contact: Todd Shoot, IR contact
todd.shoot@titan-intl.com; 217-221-4416


Titan International, Inc. (the “Company”) previously announced that a Special Committee of its Board of Directors (the “Committee”) has been formed to review and analyze the issues relating to the possible sale of Italtractor ITM S.p.A. (“ITM”), one of the Company’s subsidiaries that designs and produces steel track and undercarriages for the construction, mining and agricultural markets, and that the Committee intended to engage a financial advisor to assist it in carrying out its responsibilities.

On April 25, 2016, the Committee engaged Goldman, Sachs & Co. as financial advisor in connection with the possible sale of ITM.

The Company does not currently intend to comment further on any possible sale or other transaction involving ITM unless and until a transaction is agreed upon or possible discussions are discontinued, and specifically disclaims any obligation to provide further updates to the market, except as specifically required by any applicable securities law or regulation.

The Company cannot predict whether or when any sale or other transaction involving ITM will occur.

Safe harbor statement:

Certain statements and information in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe,” “expect,” “anticipate,” “plan,” “would,” “could,” “outlook,” “potential,” “may,” “will” and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. These forward-looking statements are based on our current expectations and beliefs concerning future developments and their potential effect on us. Although we believe the assumptions upon which these forward-looking statements are based are reasonable, any of these assumptions could prove to be inaccurate and the forward-looking statements based on these assumptions could be incorrect. The matters discussed in these forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results and trends to differ materially from those made, projected, or implied in or by the forward-looking statements depending on a variety of uncertainties or other factors including, but not limited to risk factors as detailed in Titan International, Inc.’s periodic filings with the Securities and Exchange Commission, including the annual report on Form 10-K for the year ended December 31, 2015. The Company cautions that any forward-looking statements included in this press release are subject to a number of risks and uncertainties and the Company undertakes no obligation to publicly update or revise any forward-looking statements.

Company description: Titan International, Inc. (NYSE: TWI), a holding company, owns subsidiaries that supply wheels, tires, assemblies and undercarriage products for off-highway equipment used in agricultural, earthmoving/construction and consumer applications.