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): August 8, 2002
GROUP 1 AUTOMOTIVE, INC.
(Exact name of Registrant as specified in its charter)
Delaware 76-0506313
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
950 Echo Lane, Suite 100
Houston, Texas 77024
(Address of principal executive offices) (Zip code)
(713) 647-5700
(Registrant's telephone number including area code)
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
99.1 Press Release of Group 1 Automotive, Inc. dated as of
August 8, 2002, reporting on the election of Louis E. Lataif
to the Board of Directors.
99.2 Press Release of Group 1 Automotive, Inc. dated as of
August 8, 2002, announcing the authorization of a stock
repurchase program.
ITEM 9. REGULATION FD DISCLOSURE
On August 8, 2002, Group 1 Automotive, Inc., a Delaware corporation
(the "Company"), announced that Louis E. Lataif had been elected to the Board of
Directors. A copy of the press release is attached hereto as Exhibit 99.1 and is
incorporated herein by reference.
On August 8, 2002, the Company issued a separate press release
announcing authorization by the Board of Directors to repurchase up to $25
million of the Company's common stock. Subject to market conditions, repurchases
may be effected from time to time through solicited or unsolicited transactions
in the market or in privately negotiated transactions. No limit was placed on
the duration of the repurchase program. Subject to applicable securities laws,
purchase decisions will be made by management of the Company based upon market
conditions and other factors. A copy of the press release is attached hereto as
Exhibit 99.2 and is incorporated herein by reference.
In accordance with General Instruction B.2. of Form 8-K, the
information contained in such press releases shall not be deemed "filed" for
purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be
deemed incorporated by reference in any filing under the Securities Act of 1933,
except as shall be expressly set forth by specific reference in such a filing.
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.
Group 1 Automotive, Inc.
August 9, 2002 By: /s/ Scott L. Thompson
------------------------------ --------------------------------------------
Date Scott L. Thompson, Executive Vice President,
Chief Financial Officer and Treasurer
INDEX TO EXHIBITS
Exhibit No. Description
----------- -----------
99.1 Press Release of Group 1 Automotive, Inc. dated as of
August 8, 2002, reporting on the election of Louis E.
Lataif to the Board of Directors.
99.2 Press Release of Group 1 Automotive, Inc. dated as of
August 8, 2002, announcing the authorization of a stock
repurchase program.