TITAN INTERNATIONAL, INC. FORM 8-K 2-28-05
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): February 28, 2005
TITAN
INTERNATIONAL, INC.
(Exact
name of Registrant as specified in its Charter)
|
Illinois |
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 filling 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 1.01
ENTRY
INTO A MATERIAL DEFINITIVE AGREEMENT
Titan
Tire Corporation, a subsidiary of Titan International, Inc. (NYSE: TWI), has
entered into a definitive agreement to purchase The Goodyear Tire & Rubber
Company’s North American farm tire business. The closing is subject to
government approval and to Titan reaching an agreement with the United
Steelworkers of America membership at the Goodyear facility in Freeport,
Illinois. Titan will purchase the assets of Goodyear’s farm tire business for
approximately $100 million, including its manufacturing plant, property and
equipment in Freeport, Illinois, and Goodyear’s farm tire inventory. As a part
of the transaction, Goodyear will also license Titan Tire to manufacture and
sell Goodyear branded farm tires in North America. The asset purchase agreement
was dated February 28, 2005, and was made by and among Titan Tire Corporation
and The Goodyear Tire & Rubber Company, Goodyear Canada Inc., Goodyear
Servicios Comerciales, S. de R.L. de C.V., and The Kelly-Springfield Tire
Corporation. See press release dated February 28, 2005, filed as exhibit
99.
Item
9.01 FINANCIAL
STATEMENTS AND EXHIBITS
(c) Exhibits
| |
99 |
Press
release dated February 28, 2005, regarding Titan Tire Corporation’s
agreement to purchase Goodyear Farm Tire business.
|
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: |
February
28, 2005 |
By: |
/s/
Kent W. Hackamack |
| |
|
|
Kent
W. Hackamack |
| |
|
|
Vice
President of Finance and Treasurer |
| |
|
|
(Principal
Financial Officer and |
| |
|
|
Principal
Accounting Officer) |
EXHIBIT
INDEX
Exhibit
No. Description
99 Press
release dated February 28, 2005, regarding Titan Tire Corporation’s agreement to
purchase Goodyear Farm Tire business.