-----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, WLs/ZhCCq2BsCjXtUwKLcRSMbpB+adjg8dNr3j7NGj8Aq6oKITQX8cM0hnYa/095 g2DgyQB6UBtM3s5bUYB8nQ== /in/edgar/work/20000905/0000912057-00-040014/0000912057-00-040014.txt : 20000922 0000912057-00-040014.hdr.sgml : 20000922 ACCESSION NUMBER: 0000912057-00-040014 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20000901 ITEM INFORMATION: FILED AS OF DATE: 20000905 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AFTERMARKET TECHNOLOGY CORP CENTRAL INDEX KEY: 0000933405 STANDARD INDUSTRIAL CLASSIFICATION: [3714 ] IRS NUMBER: 954486486 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-21803 FILM NUMBER: 716176 BUSINESS ADDRESS: STREET 1: ONE OAK HILL CENTER STREET 2: SUITE 400 CITY: WESTMONT STATE: IL ZIP: 60559 BUSINESS PHONE: 6304556000 MAIL ADDRESS: STREET 1: ONE OAK HILL CENTER STREET 2: SUITE 400 CITY: WESTMONT STATE: IL ZIP: 60559 8-K 1 a2024929z8-k.txt 8-K =============================================================================== SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Date of report (Date of earliest event reported): September 1, 2000 ------------------ AFTERMARKET TECHNOLOGY CORP. ---------------------------- (Exact Name of Registrant as Specified in Its Charter) Delaware 0-21803 95-4486486 - ------------------------------- ------------ ------------------- (State or Other Jurisdiction of (Commission (I.R.S. Employer Incorporation or Organization) File Number) Identification No.) One Oak Hill Center, Suite 400, Westmont, IL 60559 - -------------------------------------------- ---------- (Address of Principal Executive Offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (630) 455-6000 -------------- =============================================================================== AFTERMARKET TECHNOLOGY CORP. FORM 8-K ITEM 5. OTHER EVENTS. On September 1, 2000, Aftermarket Technology Corp. (the "Company") entered into an agreement with an affiliate of The Riverside Company ("Buyer") to sell to Buyer all of the capital stock of the Company's ATC Distribution Group, Inc. subsidiary (the "Distribution Group") for a purchase price of $77 million, which will be comprised of $65 million in cash and $12 million of Buyer's Series B preferred stock (which has a present value of approximately $8 million). The cash proceeds from the sale will be used by the Company to retire senior debt. The cash portion of the purchase price is subject to increase or decease if the Distribution Group's net working capital as of closing is above or below a specified target amount. The completion of the sale of the Distribution Group, which is subject to regulatory approval, Buyer obtaining necessary financing and the satisfactory completion of Buyer's environmental diligence, is expected to occur in October 2000. No assurance can be given that the sale will be successfully completed. The Distribution Group is part of the Company's Independent Aftermarket business segment, which the Company recently decided to discontinue. The Distribution Group distributes remanufactured transmissions and related drive train components to independent aftermarket customers for use in the repair of automobiles and light trucks primarily following expiration of the new vehicle warranty. The sale of the Distribution Group does not affect the Company's OEM business segment, which remanufactures transmissions for original equipment manufacturers. The Riverside Company is an investment firm that, through one of its funds, also owns another transmission repair parts business, Aceomatic-Recon LLC. FORWARD LOOKING STATEMENT NOTICE The above paragraphs contain forward-looking statements that involve risks and uncertainties because such statements are based upon assumptions as to future events that may not prove to be accurate. There can be no assurance that actual results will not differ materially from those projected or implied by such statements. The factors that could cause actual results to differ are discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 1999 and other filings made by the Company with the Securities and Exchange Commission. 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, thereunto duly authorized. AFTERMARKET TECHNOLOGY CORP. Dated: September 5, 2000 By: /s/Joseph Salamunovich ----------------------- Joseph Salamunovich Vice President 3 -----END PRIVACY-ENHANCED MESSAGE-----