UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): October 30,
2007
AMERICAN AXLE & MANUFACTURING HOLDINGS, INC
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
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| 1-14303
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36-3161171 |
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| (Commission File Number)
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(IRS Employer Identification No.) |
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| One Dauch Drive, Detroit, Michigan
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48211-1198 |
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| (Address of Principal Executive Offices)
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(Zip Code) |
(313) 758-2000
(Registrant’s Telephone Number, Including Area Code)
(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)) |
TABLE OF CONTENTS
Item 2.02 Results of Operations and Financial Condition.
On October 30, 2007, American Axle & Manufacturing Holdings, Inc., (the “Company” or “AAM”) issued
a press release regarding AAM’s financial results for the three months ended September 30, 2007.
A copy of the press release is furnished as Exhibit 99.1.
Item 7.01 Regulation FD
In addition to the information contained in the press release, AAM expects to discuss the following
during the Company’s third quarter 2007 webcast and
teleconference on October 30, 2007:
Attrition obligations and other restructuring activities:
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AAM paid approximately $31.9 million related to one-time
termination benefits associated with attrition program activity during the first three quarters of 2007. |
AAM’s debt capital structure:
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Total availability under existing credit facilities as of September 30, 2007 was
approximately $776 million. |
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Cash and availability under credit facilities as of September 30, 2007 was approximately
$1.14 billion. |
AAM’s quoted business backlog:
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AAM is currently bidding on approximately $800 million of new business, substantially all
of which is non-GM business. |
AAM’s
capital spending outlook:
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AAM expects full year capital spending in 2007 to range from
$200 - $210 million. |
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AAM expects full year capital spending in 2008 to approximate
$230 - $240 million. |
AAM’s
production outlook for the major product programs it supports:
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Full year 2007 program volumes are expected to be down
approximately 4% year-over-year. |
FORWARD-LOOKING STATEMENTS
This Current Report on Form 8-K contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, including statements about our current
expectations regarding AAM’s special attrition program and other restructuring activities, sales
and production outlook, earnings outlook, cash flow outlook, capital spending outlook and new
business backlog, all of which are inherently uncertain and should be viewed with caution. Actual
results and experience may differ materially due to many factors and risks that are described in
the press release furnished as Exhibit 99.1 and discussed in our most recent annual report on Form
10-K and quarterly reports on Form 10-Q. It is not possible to foresee or identify all such factors
and we assume no obligation to update any forward-looking statements or to disclose any subsequent
facts, events or circumstances that may affect their accuracy.
The information contained in this Current Report shall not be deemed “filed” for purposes of the
Securities Exchange Act of 1934 (the “Exchange Act”), or incorporated by reference in any filing
under the Securities Act of 1933 or the Exchange Act.
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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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AMERICAN AXLE & MANUFACTURING HOLDINGS, INC. |
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Date: October 30, 2007
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By:
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/s/ Michael K. Simonte
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Michael K. Simonte |
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Vice President — Finance & Chief Financial Officer
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(also in the capacity of Chief Accounting Officer) |
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