Current Report Filing (8-k)
March 25 2015 - 9:12AM
Edgar (US Regulatory)
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): March 25, 2015
Autoliv, Inc.
(Exact
name of registrant as specified in its charter)
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Delaware |
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001-12933 |
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51-0378542 |
(State or other jurisdiction
of incorporation) |
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(Commission
File Number) |
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(IRS Employer
Identification No.) |
Vasagatan 11, 7th Floor, SE-111 20
Box 70381,
SE-107 24,
Stockholm, Sweden
(Address and Zip Code of principal executive offices)
+46 8 587 20 600
(Registrants telephone number, including area code)
Not Applicable
(Former
name or former address, if changed since last report)
Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01 Other Events.
On March 25, 2015, Autoliv, Inc. (Autoliv) announced that it has reached agreements regarding additional settlements to
resolve certain direct purchasers global or non-U.S. antitrust claims, which were not covered by its earlier U.S. direct purchaser antitrust class action settlement. The total amount of these additional settlements is $81 million. The effect
on Autolivs first quarter 2015 reported operating income is expected to be around $77 million.
A copy of the press release is filed
as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) EXHIBITS
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99.1 |
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Press Release of Autoliv, Inc. dated March 25, 2015. |
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.
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AUTOLIV, INC. |
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By: |
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/s/ Fredrik Peyron |
Name: |
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Fredrik Peyron |
Title: |
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Group Vice President for Legal Affairs, |
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General Counsel and Secretary |
Date: March 25, 2015
EXHIBIT INDEX
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Exhibit No. |
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Description |
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99.1 |
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Press Release of Autoliv, Inc. dated March 25, 2015. |
Exhibit 99.1
Autoliv reaches additional antitrust settlements
(Stockholm, Sweden, March 25, 2015) Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb) today announced that it has reached agreements regarding
additional settlements to resolve certain direct purchasers global (including U.S.) or non-U.S. antitrust claims which were not covered by its earlier U.S. direct purchaser antitrust class action settlement. The total amount of these
additional settlements is $81 million. The effect on Autolivs first quarter 2015 reported operating income is expected to be around $77 million.
In
entering into these settlements, Autoliv does not admit any liability and is settling for the purpose of avoiding the uncertainty, risk, expense and distraction of potential litigation or other adversarial proceedings and in the interest of
maintaining positive relationships with its customers.
As noted in its Annual Report filed with the SEC, Autoliv is still subject to ongoing antitrust
investigations and civil litigation. For additional information see Note 16 Contingent Liabilities to the consolidated financial statements included in our Annual Report for the year ended December 31, 2014.
Inquiries:
Thomas Jönsson, Vice President
Communications Tel +46 (8) 58 72 06 27
About Autoliv
Autoliv, Inc., the worldwide leader in automotive safety systems, develops and manufactures automotive safety systems for all major automotive manufacturers
in the world. Together with its joint ventures, Autoliv has more than 80 facilities with more than 60,000 employees in 28 countries. In addition, the Company has ten technical centers in nine countries around the world, with 21 test tracks, more
than any other automotive safety supplier. Sales in 2014 amounted to US $9.2 billion. The Companys shares are listed on the New York Stock Exchange (NYSE: ALV) and its Swedish Depository Receipts on the OMX Nordic Exchange in Stockholm
(ALIVsdb). For more information about Autoliv, please visit our company website at www.autoliv.com.
Safe Harbor Statement
This report contains statements that are not historical facts but rather forward-looking statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements include those that address activities, events or developments that Autoliv, Inc. or its management believes or anticipates may occur in the future. All forward-looking statements, including without
limitation, managements examination of historical operating trends and data, as well as estimates of future sales, operating margin, cash flow, effective tax rate or other future operating performance or financial results, are based upon our
current expectations, various assumptions and data available from third parties. Our expectations and assumptions are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that such
forward-looking statements will materialize or prove to be correct as forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors which may cause actual future results, performance or achievements to
differ materially from the future results, performance or achievements expressed in or implied by such forward-looking statements. Because these forward-looking statements involve risks and uncertainties, the outcome could differ materially from
those set out in the forward-looking statements for a variety of reasons, including without limitation, changes in global light vehicle production; fluctuation in vehicle production schedules for which the Company is a supplier, changes in general
industry and market conditions, changes in and the successful execution of our capacity alignment, restructuring and cost reduction initiatives discussed herein and the market reaction thereto; loss of business from increased competition; higher raw
material, fuel and energy costs; changes in consumer and customer preferences for end products; customer losses; changes in regulatory conditions; customer bankruptcies or divestiture of customer brands; unfavorable fluctuations in currencies or
interest rates among the various jurisdictions in which we operate; component shortages; market acceptance of our new products; costs or difficulties related to the integration of any new or acquired businesses and technologies; continued
uncertainty in pricing negotiations with customers, our ability to be awarded new business; product liability, warranty and recall claims and other litigation and customer reactions thereto; higher expenses for our pension and other postretirement
benefits; work stoppages or other labor issues; possible adverse results of pending or future litigation or infringement claims; negative impacts of antitrust investigations or other governmental investigations and associated litigation (including
securities litigation) relating to the conduct of our business; tax assessments by governmental authorities and changes in our effective tax rate; dependence on key personnel; legislative or regulatory changes limiting our business; political
conditions; dependence on and relationships with customers and suppliers; and other risks and uncertainties identified under the headings Risk Factors and Managements Discussion and Analysis of Financial Condition and Results
of Operations in our Annual Reports and Quarterly Reports on Forms 10-K and 10-Q and any amendments thereto. The Company undertakes no obligation to update publicly or revise any forward-looking statements in light of new information or future
events. For any forward-looking statements contained in this or any other document, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we assume no
obligation to update any such statement.
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Autoliv Inc. |
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Autoliv North America |
Vasagatan 11, 7th floor |
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26545 American Drive |
P. O. Box 703 81, SE-107 24 Stockholm, Sweden |
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Southfield, MI 48034, USA |
Tel +46 (8) 58 72 06 27 |
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Tel +1 (248) 794 4537 |
e-mail: thomas.jonsson@autoliv.com |
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e-mail: ray.pekar@autoliv.com |
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