-----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, Sdgkw9adyuuxPZdzPV/YNyad8Au/zAiy+PQfmjT/nKvGFSpmTmj+79MY14MCXzeo lsvD8aTnYNWLqQl6BNciOQ== 0000950144-99-014180.txt : 19991222 0000950144-99-014180.hdr.sgml : 19991222 ACCESSION NUMBER: 0000950144-99-014180 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19991201 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19991221 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CENTRAL PARKING CORP CENTRAL INDEX KEY: 0000949298 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-AUTOMOTIVE REPAIR, SERVICES & PARKING [7500] IRS NUMBER: 621052916 STATE OF INCORPORATION: TN FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-13950 FILM NUMBER: 99777841 BUSINESS ADDRESS: STREET 1: 2401 21ST AVE S STREET 2: STE 200 CITY: NASHVILLE STATE: TN ZIP: 37212 BUSINESS PHONE: 6152974255 8-K 1 CENTRAL PARKING CORPORATION 1 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): December 1, 1999 - -------------------------------------------------------------------------------- Exact name of registrant as specified in its charter: Central Parking Corporation State or other jurisdiction of incorporation: Tennessee Commission File Number: 001-13950 IRS Employer Identification Number: 62-1052916 Address of principal executive offices: 2401 21st Avenue South Suite 200 Nashville, TN 37212 Registrant's telephone number, including area code: (615) 297-4255 Former name or former address, if changed since last report: Not applicable
2 ITEM 5. OTHER EVENTS On December 1, 1999, the Registrant announced preliminary results for fiscal 1999. ITEM 7. FINANCIAL STATEMENTS, PROFORMA FINANCIAL INFORMATION AND EXHIBITS (c) EXHIBITS Exhibit No. 99.1 Text of press release dated December 1, 1999 3 SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned party duly authorized. Central Parking Corporation /s/ signed Date: December 17, 1999 By: Stephen A. Tisdell Chief Financial Officer
EX-99.1 2 PRESS RELEASE 1 EXHIBIT 99.1 Contact: Stephen Tisdell Chief Financial Officer (615) 297-4255 X265 stisdell@parking.com CENTRAL PARKING CORPORATION ANNOUNCES PRELIMINARY RESULTS FOR FISCAL 1999 NASHVILLE, Tenn. (Dec. 1, 1999) - Central Parking Corporation (NYSE:CPC) today indicated that while it expects earnings for the fourth quarter and fiscal year ended September 30, 1999 (excluding merger costs, integration-related expenses and real estate gains) to be less than consensus published estimates, earnings per share for fiscal 1999 will substantially exceed the comparable prior year's record results. Monroe Carell, Jr., Chairman and Chief Executive Officer, said, "We are completing our year-end closing and plan to release final results as scheduled late next week. Preliminary indications are that earnings for the fourth quarter (excluding merger costs, integration-related expenses and real estate gains) will be approximately unchanged from the $0.19 per diluted share in the year-earlier period. Based on this preliminary estimate, earnings per share for fiscal 1999 as a whole will represent an approximate 40% increase from the $0.72 per diluted share for fiscal 1998. We are very pleased with the overall integration of the Allright transaction, but we experienced a number of variances, primarily cost variances, during the fourth quarter that have caused earnings to be below the consensus published estimates of $0.30 per diluted share. Approximately $0.04 per diluted share of these variances related to non-recurring events. Our ability to monitor the incidence of these variances was limited by the delayed implementation of a new management information system and the full integration of the 2,500 Allright locations during the quarter. The new system is now operational, and the integration of the Allright operations has been completed. We are moving aggressively to address the cost variances, and results since the close of the year affirm the functioning of the new system as well as the initial benefits of the actions we are taking to bring expenses in line with targeted levels." The earnings for the year-earlier fourth quarter and fiscal 1998 have been restated to include the results of Allright Holdings, Inc. which was merged with a wholly owned subsidiary of Central Parking Corporation in March 1999. Central Parking Corporation, headquartered in Nashville, Tennessee, is a leading provider of parking services. The Company operates approximately 4,795 parking facilities containing more than 1.6 million spaces at locations in 40 states, the District of Columbia, Canada, Puerto Rico, the United Kingdom, the Republic of Ireland, Spain, Germany, Malaysia, Chile and Mexico. Central Parking Corporation has a business development office in Amsterdam. This press release contains projections and other forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. These projections and statements reflect the Company's current views with respect to future events and financial performance. No assurance can be given, however, that these events will occur or that these projections will be achieved and actual results could differ materially from those projected as a result of certain factors. A discussion of these factors is included in the Company's periodic reports filed with the Securities and Exchange Commission. -END-
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